Manufactured Home in Senior
203-3850 Atlantic Ave Highland, CA 92346
203-3850 Atlantic Ave, Highland, CA, 92346
$135,000
For Sale
$135,000
Move-in ready 2 bed, 2 bath home with open floor plan, updated finishes, and covered patio in a 55+ community.
Property Size1,248 SF
Price / SF$108.17
Days on Market37
Property Features for 203-3850 Atlantic Ave
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Manufactured In Park
Listing Agency
KW Temecula
(951) 837-5782
Listed by
Brian Riesenberg · License #01314281
(951) 837-5782
Source
Exprealty
Added: Jun 11 Checked: Jul 17 at 2:41 am
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 KW Temecula
Investment Insights
Based on property information with market context.
Updated and move-in ready manufactured home in Valencia Lea, a premier senior 55+ community. The 1977 home offers an open floor plan with 2 bedrooms and 2 full bathrooms, plus a light and bright living and dining area. The kitchen is equipped with updated white cabinets, a double oven, stainless-steel dishwasher, refrigerator, and a breakfast bar. Additional interior features include plantation shutters, water filtration, updated plumbing and lighting fixtures, updated cabinet hardware, and modern luxury vinyl plank flooring.
The guest bedroom includes a spacious closet and adjoins the guest bathroom with an enclosed tub. The large primary suite has a spacious closet with a sliding glass door to a covered patio. The primary bath offers a tub/shower combo, a linen closet, and a vanity area. A laundry area includes lots of shelving for storage. Outside, there is a maintenance-free side yard that can be gated, plus a full-length carport with a shed at the end for extra storage.
Valencia Lea provides on-site amenities including a pool, two hot tubs, gazebo, clubhouses, putting green, gym, and activities weekly, along with redwood tree walking paths with stream, a koi pond, and bridges.
The guest bedroom includes a spacious closet and adjoins the guest bathroom with an enclosed tub. The large primary suite has a spacious closet with a sliding glass door to a covered patio. The primary bath offers a tub/shower combo, a linen closet, and a vanity area. A laundry area includes lots of shelving for storage. Outside, there is a maintenance-free side yard that can be gated, plus a full-length carport with a shed at the end for extra storage.
Valencia Lea provides on-site amenities including a pool, two hot tubs, gazebo, clubhouses, putting green, gym, and activities weekly, along with redwood tree walking paths with stream, a koi pond, and bridges.
Key Highlights
- Move‑in ready 1977 Sunny home in Valencia Lea (55+ community) with 2 bedrooms and 2 full bathrooms
- 1,248 SF open floor plan with light and bright living and dining areas
- Updated kitchen with white cabinets, double oven, stainless‑steel dishwasher, fridge, and breakfast bar
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $17.16 |
| − Vacancy | −$1.3k | −$1.06 |
| EGI | $20.1k | $16.10 |
| − OpEx | −$9.0k | −$7.24 |
| NOI | $11.0k | $8.85 |
1,248 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$157.8K
$138.1K – $184.1K
NOI $11,048 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.2K
$230.3K – $307.1K
NOI $18,427 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Move-in ready 2 bed, 2 bath home with open floor plan, updated finishes, and covered patio in a 55+ community.
Where is this residential income property located?
The property is located at 203-3850 Atlantic Ave Highland, CA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Move‑in ready 1977 Sunny home in Valencia Lea (55+ community) with 2 bedrooms and 2 full bathrooms; 1,248 SF open floor plan with light and bright living and dining areas; Updated kitchen with white cabinets, double oven, stainless‑steel dishwasher, fridge, and breakfast bar
