Mobile Home with Attached
For Sale
$169,000
Pending
16620 El Segundo Way, Desert Hot Springs, CA 92241
Residence with central HVAC, household appliances, a balcony, gated parking, and direct garage access.
Property Size960 SF
Days on Market10
Property Features for 16620 El Segundo Way
General Information
Standard status
Pending
Size
960 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Zoning
MHonMHLot
Amenities
Gated, Pool
Billiard Room, Clubhouse, Game Room, Meeting Room, Pool, Sauna, Spa/Hot Tub
Electric
Central, Forced Air, Natural Gas
Dishwasher, Disposal, Microwave, Range, Refrigerator, Dryer, Washer
Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)
Canyon, Desert, Hills, Mountain(s), Panoramic, Valley
Block, Chain Link, Partial, Wood
Attached, Attached Carport, Concrete, Carport, Direct Access, Garage, Gated
Balcony
Building Details
Building Size
960 SF
Year Built
1970
Stories
1
Listing Agency:
(760) 298-3572
Listed By:
Robert Greer
(760) 298-3572
Source:
Evrealestate
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 5:23PM
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 Robert Greer
Investment Insights
Based on property information with market context.
This mobile home was built in 1970 and includes central forced-air heating and cooling powered by natural gas. The interior features a breakfast bar, ceiling fans, a walk-in closet, and a kitchen equipped with a dishwasher, disposal, microwave, range, refrigerator, dryer, and washer. A balcony extends the usable living area.
Exterior features include an attached carport, concrete surfaces, direct garage access, and gated parking. The property also has partial fencing constructed with block, chain link, and wood. Views extend toward the canyon, desert, hills, mountains, and valley. The property is located on El Segundo Way in Riverside County and carries MHonMHLot zoning.
Exterior features include an attached carport, concrete surfaces, direct garage access, and gated parking. The property also has partial fencing constructed with block, chain link, and wood. Views extend toward the canyon, desert, hills, mountains, and valley. The property is located on El Segundo Way in Riverside County and carries MHonMHLot zoning.
Key Highlights
- Mobile home built in 1970
- Central forced‑air HVAC with natural gas
- Kitchen includes dishwasher, disposal, microwave, range, refrigerator, dryer, and washer
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
$15,539
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
9.19%
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%
$310,780
$310.8K
Cap Rate 7%
$221,986
$222.0K
Cap Rate 9%
$172,656
$172.7K
Market Conditions
NOI Build-Up for 960 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
$28.8K $30.00/SF
− Vacancy
−$547 −$0.57/SF
EGI
$28.3K $29.43/SF
− OpEx
−$12.7K −$13.24/SF
NOI
$15.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /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%
$310,780
Cap Rate 7%
$221,986
Cap Rate 9%
$172,656
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,539 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 92241, CA
9,270
Population
6,006
Households
1.5
Avg Household Size
51
Median Age
16%
College-Educated
82%
High-School Grad
132.6 sq mi
ZIP Area
70
Density / Sq Mi
$45,210
Median Household Income
$29,545
Median Earnings
$961
Median Rent
$93,400
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 - Residence with central HVAC, household appliances, a balcony, gated parking, and direct garage access.
Where is this mobile home & rv park located?
The property is located at 16620 El Segundo Way Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Mobile home built in 1970; Central forced‑air HVAC with natural gas; Kitchen includes dishwasher, disposal, microwave, range, refrigerator, dryer, and washer
