Updated Mobile
For Sale
$109,000
2-1174 E Main St, El Cajon, CA 92020
Two-bedroom home in a 55+ community with refreshed interiors, included appliances, and access to shared recreational amenities.
Property Size576 SF
Price / SF$189.24
Days on Market18
Property Features for 2-1174 E Main St
General Information
Standard status
Active
Size
576 SF
Property subtype
Manufactured In Park
Listing Agency:
Century 21 Masters
(760) 805-3003
Listed By:
Zohra Emery · License #02029069
(760) 805-3003
Source:
Exprealty
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 31 at 6:56PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This 576-square-foot mobile home includes two bedrooms, one bathroom, and a family room arranged around an open living area. Recent improvements include kitchen cabinetry, countertops, a walk-in shower in the primary bedroom, laminate flooring, and built-in bedroom storage. A stove, refrigerator, washer, dryer, and shed are included with the home.
Residents have access to a swimming pool, clubhouse, recreation room with pool tables, chapel, television room, library, community kitchen, and laundry room within the 55+ community. The property is located at 2-1174 E Main St in El Cajon, close to shopping, restaurants, and transportation.
Residents have access to a swimming pool, clubhouse, recreation room with pool tables, chapel, television room, library, community kitchen, and laundry room within the 55+ community. The property is located at 2-1174 E Main St in El Cajon, close to shopping, restaurants, and transportation.
Key Highlights
- 576‑square‑foot mobile home with 2 bedrooms, 1 bathroom, and a family room
- Updated kitchen with new cabinets and countertops
- Primary bedroom includes a new walk‑in shower and built‑in storage
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
$5,352
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
4.91%
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%
$107,040
$107.0K
Cap Rate 7%
$76,457
$76.5K
Cap Rate 9%
$59,467
$59.5K
Market Conditions
NOI Build-Up for 576 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
$10.4K $18.00/SF
− Vacancy
−$637 −$1.11/SF
EGI
$9.7K $16.89/SF
− OpEx
−$4.4K −$7.60/SF
NOI
$5.4K $9.29/SF
Area
El Cajon, CA
Vacancy
6.14%
Lease Rate
$18.00 /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%
$107,040
Cap Rate 7%
$76,457
Cap Rate 9%
$59,467
Alternative Uses
Best Use
Apartment 5plus
$76.5K
$66.9K – $89.2K
NOI $5,352 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.1K
$125.2K – $167.0K
NOI $10,018 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 92020, CA
60,454
Population
20,311
Households
3
Avg Household Size
37
Median Age
26%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$72,822
Median Household Income
$39,855
Median Earnings
$1,793
Median Rent
$741,600
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 - Two-bedroom home in a 55+ community with refreshed interiors, included appliances, and access to shared recreational amenities.
Where is this mobile home & rv park located?
The property is located at 2-1174 E Main St El Cajon, CA.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: 576‑square‑foot mobile home with 2 bedrooms, 1 bathroom, and a family room; Updated kitchen with new cabinets and countertops; Primary bedroom includes a new walk‑in shower and built‑in storage
