Remodeled Mobile Home in
For Sale
$214,900
21-1741 Pomona Ave, Costa Mesa, CA 92627
Remodeled 2-bedroom, 1-bath mobile home with updated kitchen and recessed lighting in a family community, with low space rent.
Property Size620 SF
Price / SF$346.61
Days on Market73
Property Features for 21-1741 Pomona Ave
General Information
Standard status
Active
Size
620 SF
Property subtype
Manufactured In Park
Listing Agency:
Samuel Su, Broker
Listed By:
Samuel Su
(714) 890-1883
Source:
Exprealty
Added: Jun 24
Changed: Aug 20
Last Checked: Sep 2 at 12:22AM
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 Samuel Su, Broker
Investment Insights
Based on property information with market context.
Remodeled mobile home offering 2 bedrooms and 1 bathroom with approximately 620 square feet of living space. The kitchen includes a stove, vent, newer cabinets, quartz countertops, and an undermount farmhouse sink with a goose neck faucet, along with a full backsplash. Updates continue in the bathroom with a newer bathtub and an undermount sink, while recessed lighting and newer vinyl flooring run throughout. Interior and exterior paint have also been completed.
Set within a family community, the home comes with low monthly space rent of $1,200. The property is located close to Newport and Huntington piers.
The residence features a straightforward 2-bedroom layout and a fully updated interior package, making it well-suited for an owner looking for a move-in-ready option within a community setting.
Set within a family community, the home comes with low monthly space rent of $1,200. The property is located close to Newport and Huntington piers.
The residence features a straightforward 2-bedroom layout and a fully updated interior package, making it well-suited for an owner looking for a move-in-ready option within a community setting.
Key Highlights
- Remodeled 2‑bedroom, 1‑bath mobile home with approximately 620 SF of living space
- Updated kitchen with stove, newer cabinets, quartz countertops, undermount farmhouse sink, gooseneck faucet, and full backsplash
- Bathroom updates include a newer bathtub and undermount sink
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
$13,160
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
6.12%
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%
$263,200
$263.2K
Cap Rate 7%
$188,000
$188.0K
Cap Rate 9%
$146,222
$146.2K
Market Conditions
NOI Build-Up for 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
$24.9K $40.20/SF
− Vacancy
−$997 −$1.61/SF
EGI
$23.9K $38.59/SF
− OpEx
−$10.8K −$17.37/SF
NOI
$13.2K $21.23/SF
Area
Costa Mesa, CA
Vacancy
4.00%
Lease Rate
$40.20 /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%
$263,200
Cap Rate 7%
$188,000
Cap Rate 9%
$146,222
Alternative Uses
Best Use
Apartment 5plus
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.0K
$183.7K – $245.0K
NOI $14,699 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
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 - Remodeled 2-bedroom, 1-bath mobile home with updated kitchen and recessed lighting in a family community, with low space rent.
Where is this mobile home & rv park located?
The property is located at 21-1741 Pomona Ave Costa Mesa, CA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Remodeled 2‑bedroom, 1‑bath mobile home with approximately 620 SF of living space; Updated kitchen with stove, newer cabinets, quartz countertops, undermount farmhouse sink, gooseneck faucet, and full backsplash; Bathroom updates include a newer bathtub and undermount sink
