Manufactured Home in All-Family
For Sale
$260,000
212-13422 Agua Caliente, Castroville, CA 95012
2008-built manufactured home with 3 bedrooms and 2 full bathrooms in the Monte Del Lago all-family community.
Property Size1,440 SF
Price / SF$180.56
Days on Market98
Property Features for 212-13422 Agua Caliente
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
clubhouse
swimming pool
recreational areas
community events
central heating
air conditioning
ceiling fans
indoor laundry area
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker Realty
(831) 626-2221
Listed By:
Erica Perez
(831) 277-0622
Source:
Exprealty
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 5 at 2:00PM
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.
Well-maintained 1,440 sq ft manufactured home built in 2008, offering a spacious layout with 3 bedrooms and 2 full bathrooms. Interior highlights include an inviting kitchen with stainless steel appliances, ample cabinetry, an eat-in area, and a convenient dining bar. Laminate, tile, and vinyl flooring run throughout, complemented by high ceilings, electric motorized blinds, and a walk-in closet. Updated bathrooms feature tile finishes, and the home includes an indoor laundry area with a washer and dryer included. Year-round comfort is provided by central heating and air conditioning, with ceiling fans throughout.
Situated in the Monte Del Lago Mobile Home Community in Castroville, the property is described as convenient to shopping, dining, schools, Highway 1, and the Monterey Bay coastline. Residents also have access to community amenities including a clubhouse, swimming pool, recreational areas, and community events.
This offering presents a move-in ready manufactured home within an established, all-family community environment.
Situated in the Monte Del Lago Mobile Home Community in Castroville, the property is described as convenient to shopping, dining, schools, Highway 1, and the Monterey Bay coastline. Residents also have access to community amenities including a clubhouse, swimming pool, recreational areas, and community events.
This offering presents a move-in ready manufactured home within an established, all-family community environment.
Key Highlights
- 2008‑built manufactured home in the Monte Del Lago all‑family community
- 1,440 sq ft with 3 bedrooms and 2 full bathrooms
- Kitchen with stainless steel appliances, ample cabinetry, eat‑in area, and dining bar
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
$23,166
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
8.91%
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%
$463,320
$463.3K
Cap Rate 7%
$330,943
$330.9K
Cap Rate 9%
$257,400
$257.4K
Market Conditions
NOI Build-Up for 1,440 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
$43.2K $30.00/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$42.1K $29.25/SF
− OpEx
−$19.0K −$13.16/SF
NOI
$23.2K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
Lease Rate
$30.00 /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%
$463,320
Cap Rate 7%
$330,943
Cap Rate 9%
$257,400
Alternative Uses
Best Use
Apartment 5plus
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$549.8K
$481.1K – $641.5K
NOI $38,489 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 95012, CA
11,858
Population
2,652
Households
4.5
Avg Household Size
30
Median Age
8%
College-Educated
48%
High-School Grad
12.9 sq mi
ZIP Area
919
Density / Sq Mi
$79,903
Median Household Income
$31,250
Median Earnings
$1,499
Median Rent
$629,600
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 - 2008-built manufactured home with 3 bedrooms and 2 full bathrooms in the Monte Del Lago all-family community.
Where is this mobile home & rv park located?
The property is located at 212-13422 Agua Caliente Castroville, CA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2008‑built manufactured home in the Monte Del Lago all‑family community; 1,440 sq ft with 3 bedrooms and 2 full bathrooms; Kitchen with stainless steel appliances, ample cabinetry, eat‑in area, and dining bar
