55+ Resort Community
For Sale
$439,000
183-3535 Linda Vista Dr, San Marcos, CA 92078
Newer three-section 55+ home on a corner lot with 3 bedrooms, 2 bathrooms, and two covered porches.
Property Size1,856 SF
Price / SF$236.53
Days on Market88
Property Features for 183-3535 Linda Vista Dr
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Manufactured In Park
Amenities
clubhouse
pool
spa
dog park
solar tubes
storage shed
covered porches
wood-burning fireplace
Listing Agency:
Leah Cole Realty
(760) 598-8686
Listed By:
Leah Cole · License #01505337
(760) 420-7531
Source:
Exprealty
Added: Jun 10
Changed: Aug 31
Last Checked: Sep 5 at 11:45AM
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 Leah Cole Realty
Investment Insights
Based on property information with market context.
Welcome to a newer, three-section home in Rancho Vallecitos, a 55+ resort-style community known for its active social atmosphere and amenities. Set on a desirable corner lot, the residence offers an open-concept layout with an island kitchen, dining room, breakfast nook, and expansive living room. Interior features include drywall interior walls and two solar tubes for natural light. The primary suite includes a private retreat area, walk-in closet, dual-sink vanity, soaking tub, and a separate step-in shower. Additional highlights include a cozy corner wood-burning fireplace, two covered porches, and a large storage shed. The washer and dryer are negotiable with the right offer, and all other appliances are included.
The home is ideally located near the community clubhouse, pool, and spa, with access to numerous social activities and amenities. Rancho Vallecitos is owner-occupied and age-restricted (55+; a second resident may be 45+), with pet restrictions that apply.
Current space rent is $728.53 per month and is protected under city rent control. The community also provides access to a large dog park located down the street.
The home is ideally located near the community clubhouse, pool, and spa, with access to numerous social activities and amenities. Rancho Vallecitos is owner-occupied and age-restricted (55+; a second resident may be 45+), with pet restrictions that apply.
Current space rent is $728.53 per month and is protected under city rent control. The community also provides access to a large dog park located down the street.
Key Highlights
- 55+ resort‑style community corner‑lot home with approximately 1,856 SF, 3 bedrooms and 2 bathrooms
- Open‑concept layout with island kitchen, dining room, breakfast nook, and expansive living room
- Primary suite with private retreat area, walk‑in closet, dual‑sink vanity, soaking tub, and separate step‑in shower
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
$30,838
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
7.02%
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%
$616,760
$616.8K
Cap Rate 7%
$440,543
$440.5K
Cap Rate 9%
$342,644
$342.6K
Market Conditions
NOI Build-Up for 1,856 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
$59.0K $31.80/SF
− Vacancy
−$3.0K −$1.59/SF
EGI
$56.1K $30.21/SF
− OpEx
−$25.2K −$13.59/SF
NOI
$30.8K $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%
$616,760
Cap Rate 7%
$440,543
Cap Rate 9%
$342,644
Alternative Uses
Best Use
Apartment 5plus
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
Explore this area
Business Placement
Demographics for 92078, CA
52,347
Population
19,249
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
3,135
Density / Sq Mi
$114,905
Median Household Income
$55,060
Median Earnings
$2,468
Median Rent
$874,000
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 - Newer three-section 55+ home on a corner lot with 3 bedrooms, 2 bathrooms, and two covered porches.
Where is this mobile home & rv park located?
The property is located at 183-3535 Linda Vista Dr San Marcos, CA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 55+ resort‑style community corner‑lot home with approximately 1,856 SF, 3 bedrooms and 2 bathrooms; Open‑concept layout with island kitchen, dining room, breakfast nook, and expansive living room; Primary suite with private retreat area, walk‑in closet, dual‑sink vanity, soaking tub, and separate step‑in shower
