Residential Income Property with New
For Sale
$169,900
2-31816 Avenue E, Yucaipa, CA 06993
Three-bedroom home with two bathrooms, a family room, dining area, and recently installed roof.
Property Size1,344 SF
Price / SF$126.41
Days on Market132
Property Features for 2-31816 Avenue E
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Manufactured In Park
Listing Agency:
FAMILY TREE REALTY, INC.
(951) 315-1739
Listed By:
Isaiah Moya
(951) 315-1739
Source:
Exprealty
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 19 at 11:34AM
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 FAMILY TREE REALTY, INC.
Investment Insights
Based on property information with market context.
Located at 2-31816 Avenue E in Yucaipa, this 1,344-square-foot residential income property is configured as a three-bedroom, two-bathroom home. The interior includes a family room, kitchen, and dedicated dining area, providing a practical layout for residential occupancy.
The property is situated within a mobile home estate identified as an all-ages park. A recently installed roof is among the notable improvements to the home.
The property is situated within a mobile home estate identified as an all-ages park. A recently installed roof is among the notable improvements to the home.
Key Highlights
- 1,344‑square‑foot residential income property
- Three bedrooms and two bathrooms
- Family room, kitchen, and dining area
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
$11,898
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
7.00%
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%
$237,960
$238.0K
Cap Rate 7%
$169,971
$170.0K
Cap Rate 9%
$132,200
$132.2K
Market Conditions
NOI Build-Up for 1,344 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
$23.1K $17.16/SF
− Vacancy
−$1.4K −$1.06/SF
EGI
$21.6K $16.10/SF
− OpEx
−$9.7K −$7.24/SF
NOI
$11.9K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /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%
$237,960
Cap Rate 7%
$169,971
Cap Rate 9%
$132,200
Alternative Uses
Best Use
Apartment 5plus
$170.0K
$148.7K – $198.3K
NOI $11,898 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom home with two bathrooms, a family room, dining area, and recently installed roof.
Where is this residential income property located?
The property is located at 2-31816 Avenue E Yucaipa, CA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,344‑square‑foot residential income property; Three bedrooms and two bathrooms; Family room, kitchen, and dining area
