Residential Income Property with Remodeled
For Sale
$92,000
18-13490 Highway 8 Business, Lakeside, CA 92040
One-bedroom home in an all-age community with access to shared recreational amenities.
Property Size460 SF
Price / SF$200
Days on Market16
Property Features for 18-13490 Highway 8 Business
General Information
Standard status
Active
Size
460 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
swimming pool
jacuzzi
community center
Building Details
Construction
mobile home
Listing Agency:
eXp Realty of California, Inc.
(619) 895-1335
Listed By:
Cesar Martinez
(619) 895-1335
Source:
Exprealty
Added: Jul 25
Changed: Aug 7
Last Checked: Aug 9 at 11:31AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This 460-square-foot residential income property is a one-bedroom, one-bath mobile home positioned at a cul-de-sac. The bathroom has been fully remodeled, and the home includes a backyard with a view.
The property is part of Rancho La Vista, an all-age community at 18-13490 Highway 8 Business in Lakeside, CA. Community amenities include a swimming pool, jacuzzi, and community center.
The property is part of Rancho La Vista, an all-age community at 18-13490 Highway 8 Business in Lakeside, CA. Community amenities include a swimming pool, jacuzzi, and community center.
Key Highlights
- 460‑square‑foot one‑bedroom, one‑bath mobile home
- Fully remodeled bathroom
- Cul‑de‑sac setting with a backyard view
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
$7,643
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
8.31%
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%
$152,860
$152.9K
Cap Rate 7%
$109,186
$109.2K
Cap Rate 9%
$84,922
$84.9K
Market Conditions
NOI Build-Up for 460 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
$14.6K $31.80/SF
− Vacancy
−$731 −$1.59/SF
EGI
$13.9K $30.21/SF
− OpEx
−$6.3K −$13.59/SF
NOI
$7.6K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
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%
$152,860
Cap Rate 7%
$109,186
Cap Rate 9%
$84,922
Alternative Uses
Best Use
Apartment 5plus
$109.2K
$95.5K – $127.4K
NOI $7,643 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.8K
$184.4K – $245.9K
NOI $14,753 @ 7.0% cap · market cap 16.04%
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
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 92040, CA
43,640
Population
16,147
Households
2.7
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
67.2 sq mi
ZIP Area
649
Density / Sq Mi
$103,585
Median Household Income
$49,413
Median Earnings
$1,908
Median Rent
$648,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom home in an all-age community with access to shared recreational amenities.
Where is this residential income property located?
The property is located at 18-13490 Highway 8 Business Lakeside, CA.
What is the asking price?
The asking price for this property is $92,000.
What are key features of this property?
This property features: 460‑square‑foot one‑bedroom, one‑bath mobile home; Fully remodeled bathroom; Cul‑de‑sac setting with a backyard view
