Manufactured Residential Income
For Sale
$112,950
153-8250 Lankershim Blvd, North Hollywood, CA 91604
Two-bedroom manufactured home with updated appliances, storage, and access to shared community amenities.
Property Size572 SF
Price / SF$197.47
Days on Market13
Property Features for 153-8250 Lankershim Blvd
General Information
Standard status
Active
Size
572 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
pool
gym
clubhouse
Building Details
Buildings
1
Construction
manufactured home
Listing Agency:
The Agency
(310) 383-3282
Listed By:
Wolf Amer · License #02002555
(310) 383-3282
Source:
Exprealty
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 11 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency
Investment Insights
Based on property information with market context.
This 572-square-foot manufactured home offers a two-bedroom, one-bathroom layout with a comfortable living area, updated kitchen appliances, and ample storage. The residence is identified as Buckeye 7 and includes interior space suitable for everyday living, guests, or home-office use.
Located at 153-8250 Lankershim Blvd in North Hollywood, the property provides access to shared community amenities including a pool, gym, and clubhouse. Its setting is described as being near entertainment, dining, and shopping in the surrounding North Hollywood area.
Located at 153-8250 Lankershim Blvd in North Hollywood, the property provides access to shared community amenities including a pool, gym, and clubhouse. Its setting is described as being near entertainment, dining, and shopping in the surrounding North Hollywood area.
Key Highlights
- 572‑square‑foot manufactured home
- Two‑bedroom, one‑bathroom layout
- Updated kitchen appliances and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,080
$184.1K
Cap Rate 7%
$131,486
$131.5K
Cap Rate 9%
$102,267
$102.3K
Market Conditions
NOI Build-Up for 572 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.2K $31.80/SF
− Vacancy
−$1.5K −$2.54/SF
EGI
$16.7K $29.26/SF
− OpEx
−$7.5K −$13.17/SF
NOI
$9.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,080
Cap Rate 7%
$131,486
Cap Rate 9%
$102,267
Alternative Uses
Best Use
Apartment 5plus
$131.5K
$115.1K – $153.4K
NOI $9,204 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.2K
$268.0K – $357.3K
NOI $21,437 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 91604, CA
30,947
Population
15,900
Households
1.9
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
4.7 sq mi
ZIP Area
6,584
Density / Sq Mi
$141,317
Median Household Income
$72,208
Median Earnings
$2,471
Median Rent
$1,698,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom manufactured home with updated appliances, storage, and access to shared community amenities.
Where is this residential income property located?
The property is located at 153-8250 Lankershim Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $112,950.
What are key features of this property?
This property features: 572‑square‑foot manufactured home; Two‑bedroom, one‑bathroom layout; Updated kitchen appliances and ample storage
