Manufactured Home in Mobile Home
For Sale
$699,000
19 Primrose St 19, Aptos, CA 95003
Immaculately maintained manufactured home with 3-car carport and fiber-cement siding in a seaside mobile home park.
Property Size1,620 SF
Days on Market97
Property Features for 19 Primrose St 19
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
3
Property subtype
Commercial
Building Details
Building Size
1,620 SF
Year Built
2014
Stories
1
Listing Agency:
(831) 254-8654
Listed By:
Jennifer Watson
(831) 254-8654
Source:
Elliman
Added: May 8
Changed: Aug 7
Last Checked: Aug 11 at 10:00AM
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 Jennifer Watson
Investment Insights
Based on property information with market context.
Immaculately maintained manufactured home with gorgeous hardwood floors flowing through an ample living room into a central kitchen island and dining nook. The home includes an added porch for outdoor relaxing and a primary bathroom and dressing room designed as a standout feature. Parking and storage are supported by a 3-car carport, with space for “toys” that back right up to a 120 sqft shed with foundation.
The property is located within Seacliff MH park and is described as having access to on-site social and activities opportunities, along with proximity to beaches nearby. The exterior is constructed with Hardie plank cement fiber siding, with fire-hardening in mind.
BikeScore is listed as 66 (Bikeable) and WalkScore as 70 (Very Walkable), and the remarks note the home is just minutes from Aptos Village, beaches, shopping, dining, and healthcare.
The property is located within Seacliff MH park and is described as having access to on-site social and activities opportunities, along with proximity to beaches nearby. The exterior is constructed with Hardie plank cement fiber siding, with fire-hardening in mind.
BikeScore is listed as 66 (Bikeable) and WalkScore as 70 (Very Walkable), and the remarks note the home is just minutes from Aptos Village, beaches, shopping, dining, and healthcare.
Key Highlights
- 2014 manufactured home in Seacliff MH Park with 3‑car carport
- Hardie plank cement fiber siding and fire‑hardening construction features
- Hardwood floors throughout main living areas, with central kitchen island and dining nook
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
$41,699
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
5.97%
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%
$833,980
$834.0K
Cap Rate 7%
$595,700
$595.7K
Cap Rate 9%
$463,322
$463.3K
Market Conditions
NOI Build-Up for 1,620 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
$77.8K $48.00/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$75.8K $46.80/SF
− OpEx
−$34.1K −$21.06/SF
NOI
$41.7K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /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%
$833,980
Cap Rate 7%
$595,700
Cap Rate 9%
$463,322
Alternative Uses
Best Use
Apartment 5plus
$595.7K
$521.2K – $695.0K
NOI $41,699 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$926.3K
$810.5K – $1.08M
NOI $64,842 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 95003, CA
24,706
Population
11,728
Households
2.1
Avg Household Size
50
Median Age
54%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
763
Density / Sq Mi
$140,990
Median Household Income
$63,609
Median Earnings
$2,548
Median Rent
$1,154,000
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 - Immaculately maintained manufactured home with 3-car carport and fiber-cement siding in a seaside mobile home park.
Where is this mobile home & rv park located?
The property is located at 19 Primrose St 19 Aptos, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2014 manufactured home in Seacliff MH Park with 3‑car carport; Hardie plank cement fiber siding and fire‑hardening construction features; Hardwood floors throughout main living areas, with central kitchen island and dining nook
