Updated Manufactured Residential Income
For Sale
$309,838
163-5815 E La Palma Ave, Anaheim, CA 92801
Three-bedroom manufactured home with an open layout, remodeled baths, covered outdoor areas, and community amenities.
Property Size1,392 SF
Price / SF$222.58
Days on Market17
Property Features for 163-5815 E La Palma Ave
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
clubhouse
gym
playground
basketball court
community pool
laundry facilities
covered patio
storage shed
Building Details
Buildings
1
Construction
manufactured home
Listing Agency:
Compass
(858) 345-4514
Listed By:
Monica Nash
(760) 672-2166
Source:
Exprealty
Added: Aug 18
Changed: Aug 30
Last Checked: Sep 1 at 9:55PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,392-square-foot manufactured home offers three bedrooms and two bathrooms in a bright, open configuration. Wood flooring, vaulted ceilings, modern lighting, and large windows shape the main living areas. The kitchen includes stainless steel appliances, a five-burner gas range, island with sink and storage, reverse osmosis water system, and extended cabinetry. The primary suite has mirrored closets, a walk-in closet, and an updated bathroom with a walk-in shower. A remodeled second bathroom serves the additional bedrooms.
Outdoor features include a fully covered patio, backyard greenery, large storage shed, and covered two-car carport. Community amenities include a clubhouse, gym, playground, basketball court, swimming pool, and laundry facilities. The property is near Yorba Regional Park, the Santa Ana River Trail, shopping, dining, entertainment, and movie theaters. Disneyland is approximately 11 miles away, and the home falls within the Woodsboro Elementary, Bernardo Yorba Middle School, and Esperanza High School attendance areas.
Outdoor features include a fully covered patio, backyard greenery, large storage shed, and covered two-car carport. Community amenities include a clubhouse, gym, playground, basketball court, swimming pool, and laundry facilities. The property is near Yorba Regional Park, the Santa Ana River Trail, shopping, dining, entertainment, and movie theaters. Disneyland is approximately 11 miles away, and the home falls within the Woodsboro Elementary, Bernardo Yorba Middle School, and Esperanza High School attendance areas.
Key Highlights
- 1,392‑square‑foot manufactured home with 3 bedrooms and 2 bathrooms
- Updated kitchen with stainless steel appliances, 5‑burner gas range, island, and reverse osmosis system
- Primary suite includes a large custom walk‑in closet and updated bathroom
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
$21,563
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
6.96%
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%
$431,260
$431.3K
Cap Rate 7%
$308,043
$308.0K
Cap Rate 9%
$239,589
$239.6K
Market Conditions
NOI Build-Up for 1,392 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
$40.9K $29.40/SF
− Vacancy
−$1.7K −$1.23/SF
EGI
$39.2K $28.17/SF
− OpEx
−$17.6K −$12.67/SF
NOI
$21.6K $15.49/SF
Area
ZIP 92801
Vacancy
4.20%
Lease Rate
$29.40 /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%
$431,260
Cap Rate 7%
$308,043
Cap Rate 9%
$239,589
Alternative Uses
Best Use
Apartment 5plus
$308.0K
$269.5K – $359.4K
NOI $21,563 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.4K
$388.0K – $517.3K
NOI $31,039 @ 7.0% cap · market cap 10.02%
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
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom manufactured home with an open layout, remodeled baths, covered outdoor areas, and community amenities.
Where is this residential income property located?
The property is located at 163-5815 E La Palma Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $309,838.
What are key features of this property?
This property features: 1,392‑square‑foot manufactured home with 3 bedrooms and 2 bathrooms; Updated kitchen with stainless steel appliances, 5‑burner gas range, island, and reverse osmosis system; Primary suite includes a large custom walk‑in closet and updated bathroom
