Updated Doublewide Mobile
For Sale
$449,888
156-1520 E Capitol Expy, San Jose, CA 95136
Three-bedroom home with an upgraded kitchen, central HVAC, porch, carport, and storage shed.
Property Size1,482 SF
Price / SF$303.57
Days on Market17
Property Features for 156-1520 E Capitol Expy
General Information
Standard status
Active
Size
1,482 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
fireplace
front porch
updated kitchen
new cabinets
quartz countertop
tile flooring
kitchen island
central HVAC
formal dining room
laundry room with washer and dryer
master suite
upgraded bathrooms
storage shed
Building Details
Buildings
1
Construction
doublewide mobile home
Listing Agency:
Allied Realty
(408) 623-9299
Listed By:
Chris Truong · License #01156318
(408) 623-9299
Source:
Exprealty
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 7:51PM
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 Allied Realty
Investment Insights
Based on property information with market context.
This 1,482-square-foot doublewide mobile home offers three bedrooms and two full bathrooms. The living room includes a fireplace and opens to a front porch, while a separate formal dining room provides additional gathering space. The kitchen has updated cabinets, quartz countertops, tile flooring, and an island. A separate laundry room includes a washer and dryer, and the primary bedroom features an en suite bathroom with updated finishes. Central heating and air conditioning serve the home.
Exterior features include a three-car carport and a large storage shed. The property is located within a family park at 156-1520 E Capitol Expy in San Jose, California.
Exterior features include a three-car carport and a large storage shed. The property is located within a family park at 156-1520 E Capitol Expy in San Jose, California.
Key Highlights
- 1,482‑square‑foot doublewide mobile home
- Three bedrooms and two full bathrooms
- Updated kitchen with new cabinets, quartz countertop, tile flooring, and island
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
$30,825
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
6.85%
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%
$616,500
$616.5K
Cap Rate 7%
$440,357
$440.4K
Cap Rate 9%
$342,500
$342.5K
Market Conditions
NOI Build-Up for 1,482 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
$58.7K $39.60/SF
− Vacancy
−$2.6K −$1.78/SF
EGI
$56.0K $37.82/SF
− OpEx
−$25.2K −$17.02/SF
NOI
$30.8K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /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%
$616,500
Cap Rate 7%
$440,357
Cap Rate 9%
$342,500
Alternative Uses
Best Use
Apartment 5plus
$440.4K
$385.3K – $513.8K
NOI $30,825 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.0K
$783.2K – $1.04M
NOI $62,652 @ 7.0% cap · market cap 13.93%
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
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 95136, CA
45,971
Population
16,535
Households
2.8
Avg Household Size
38
Median Age
46%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
8,841
Density / Sq Mi
$143,696
Median Household Income
$69,894
Median Earnings
$2,750
Median Rent
$1,104,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Three-bedroom home with an upgraded kitchen, central HVAC, porch, carport, and storage shed.
Where is this mobile home & rv park located?
The property is located at 156-1520 E Capitol Expy San Jose, CA.
What is the asking price?
The asking price for this property is $449,888.
What are key features of this property?
This property features: 1,482‑square‑foot doublewide mobile home; Three bedrooms and two full bathrooms; Updated kitchen with new cabinets, quartz countertop, tile flooring, and island
