Three-Bedroom Manufactured
New
For Sale
$170,000
21621 Sandia Road 107, Apple Valley, CA 92308
Interior includes oak cabinetry, a center island, and a primary bath with dual sinks.
Property Size1,512 SF
Price / SF$112.43
Days on Market2
Property Features for 21621 Sandia Road 107
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Building Details
Buildings
1
Construction
manufactured home
Listing Agency:
KW Mojave
(760) 951-5242
Listed By:
Jacqueline Malone · License #01360951
(562) 254-3883
Source:
Tfregroup
Added: Sep 19
Last Checked: Sep 19 at 2:37PM
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 Mojave
Investment Insights
Based on property information with market context.
This 1,512-square-foot manufactured home in Mountain View Villa Senior Park offers three bedrooms and two bathrooms in a spacious residential layout. The living room has wood-look flooring and natural light, while the kitchen includes oak cabinetry, granite-look countertops, a center island, refrigerator, and adjacent laundry area. The primary suite features carpeting, a dual-sink vanity, garden tub, and walk-in shower.
Additional living space and bedrooms provide room for guests, an office, or hobbies. A long concrete driveway leads to a detached garage for parking and storage, with low-maintenance rock landscaping around the home. Located at 21621 Sandia Road, Unit 107, in Apple Valley, the property also offers mountain views and a High Desert setting.
Additional living space and bedrooms provide room for guests, an office, or hobbies. A long concrete driveway leads to a detached garage for parking and storage, with low-maintenance rock landscaping around the home. Located at 21621 Sandia Road, Unit 107, in Apple Valley, the property also offers mountain views and a High Desert setting.
Key Highlights
- 1,512‑square‑foot manufactured home with 3 bedrooms and 2 bathrooms
- Located in Mountain View Villa Senior Park
- Kitchen includes oak cabinetry, granite‑look countertops, center island, and refrigerator
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
$13,386
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
7.87%
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%
$267,720
$267.7K
Cap Rate 7%
$191,229
$191.2K
Cap Rate 9%
$148,733
$148.7K
Market Conditions
NOI Build-Up for 1,512 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
$25.9K $17.16/SF
− Vacancy
−$1.6K −$1.06/SF
EGI
$24.3K $16.10/SF
− OpEx
−$11.0K −$7.24/SF
NOI
$13.4K $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%
$267,720
Cap Rate 7%
$191,229
Cap Rate 9%
$148,733
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,386 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.9K
$279.1K – $372.1K
NOI $22,325 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
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Demographics for 92308, CA
42,469
Population
14,995
Households
2.8
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
103.2 sq mi
ZIP Area
412
Density / Sq Mi
$63,484
Median Household Income
$41,882
Median Earnings
$1,390
Median Rent
$360,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior includes oak cabinetry, a center island, and a primary bath with dual sinks.
Where is this residential income property located?
The property is located at 21621 Sandia Road 107 Apple Valley, CA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1,512‑square‑foot manufactured home with 3 bedrooms and 2 bathrooms; Located in Mountain View Villa Senior Park; Kitchen includes oak cabinetry, granite‑look countertops, center island, and refrigerator
