Custom 2018 Manufactured
209 Tremont Dr Newport Beach, CA 92660
209 Tremont Dr, Newport Beach, CA, 92660
$639,000
For Sale
$639,000
Custom 2018 three-bedroom home on leased land with fenced patio yard, covered carport, and multiple community amenities.
Property Size1,025 SF
Price / SF$623.41
Days on Market129
Property Features for 209 Tremont Dr
General Information
- Standard status
- Active
- Size
- 1,025 SF
- Property subtype
- Manufactured In Park
Listing agency
Coldwell Banker Realty
(949) 378-3330
Listed by
Marilyn Williams · License #00813847
(949) 378-3330
Source
Exprealty
Added: Mar 17 Updated: Jul 22 at 8:29PM Checked: Jul 22 at 8:29PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This one-of-a-kind custom 2018 manufactured home offers three bedrooms with numerous designed finishes throughout. A fenced patio yard with a front gate leads to a front door patio deck, and inside you’ll find custom built-ins, a stone enhanced fireplace, custom kitchen cabinets, and an antique butcher block kitchen island. Marble and granite finished bathrooms, beautiful laminate “wood” flooring, dual paned windows, and five solar tubes help bring natural light throughout the home. The side door opens to a covered carport with an oversized storage shed and a dedicated laundry area.
Located on leased land in Bayside Village at 209 Tremont Dr, the property includes an under-market land lease of $1,598 per month. The land lease provides access to community amenities, including two clubhouses, two pools/jacuzzis, a private beach, a fitness room, picnic areas with barbeques, and a dog park.
The listing notes there are no land taxes or HOA dues.
Located on leased land in Bayside Village at 209 Tremont Dr, the property includes an under-market land lease of $1,598 per month. The land lease provides access to community amenities, including two clubhouses, two pools/jacuzzis, a private beach, a fitness room, picnic areas with barbeques, and a dog park.
The listing notes there are no land taxes or HOA dues.
Key Highlights
- Custom 2018 manufactured home with 3 bedrooms on leased land in Bayside Village
- Large fenced patio yard plus front door patio deck and covered carport
- Under market land lease at $1,598 per month; normal land lease cited as $3,300 for this location
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 | $36.9k | $36.00 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $35.6k | $34.70 |
| − OpEx | −$16.0k | −$15.62 |
| NOI | $19.6k | $19.09 |
1,025 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,564 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.3K
$301.2K – $401.7K
NOI $24,099 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
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FAQs
What type of property is this?
Mobile home & RV park - Custom 2018 three-bedroom home on leased land with fenced patio yard, covered carport, and multiple community amenities.
Where is this mobile home & rv park located?
The property is located at 209 Tremont Dr Newport Beach, CA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Custom 2018 manufactured home with 3 bedrooms on leased land in Bayside Village; Large fenced patio yard plus front door patio deck and covered carport; Under market land lease at $1,598 per month; normal land lease cited as $3,300 for this location
