Two-Bedroom Mobile
For Sale
$240,000
223-14052 Gardenia Ave, Poway, CA 92064
55+ community home with an enclosed patio, covered tandem parking, central HVAC, and access to extensive resident amenities.
Property Size1,152 SF
Price / SF$208.33
Days on Market14
Property Features for 223-14052 Gardenia Ave
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
clubhouse
swimming pool
spa
billiards room
shuffleboard courts
BBQ and picnic areas
dog park
RV parking
active social calendar
Building Details
Buildings
1
Listing Agency:
Deemac Real Estate Services
(619) 335-0303
Listed By:
DeAnna McGough
(619) 335-0303
Source:
Exprealty
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 9:02PM
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 Deemac Real Estate Services
Investment Insights
Based on property information with market context.
This 1,152-square-foot mobile home in the Poinsettia 55+ community offers two bedrooms, two bathrooms, and an open arrangement connecting the living room, dining area, and kitchen. The primary suite includes a private adjoining bathroom, while the enclosed patio room adds flexible space. A separate laundry room, central heating and air conditioning, refrigerator, washer and dryer, ramp access from the covered carport, storage shed, tandem parking for two vehicles, and a low-maintenance yard complete the property.
Community amenities include a clubhouse, swimming pool, spa, billiards room, shuffleboard courts, BBQ and picnic areas, dog park, RV parking, and an active social calendar. Shopping, restaurants, and medical facilities are nearby. Park approval is required for residency.
Community amenities include a clubhouse, swimming pool, spa, billiards room, shuffleboard courts, BBQ and picnic areas, dog park, RV parking, and an active social calendar. Shopping, restaurants, and medical facilities are nearby. Park approval is required for residency.
Key Highlights
- 1,152‑square‑foot mobile home with 2 bedrooms and 2 bathrooms
- Located in Poinsettia, a 55+ community
- Enclosed patio room plus separate laundry room
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
$19,141
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
7.98%
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%
$382,820
$382.8K
Cap Rate 7%
$273,443
$273.4K
Cap Rate 9%
$212,678
$212.7K
Market Conditions
NOI Build-Up for 1,152 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
$36.6K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$34.8K $30.21/SF
− OpEx
−$15.7K −$13.59/SF
NOI
$19.1K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /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%
$382,820
Cap Rate 7%
$273,443
Cap Rate 9%
$212,678
Alternative Uses
Best Use
Apartment 5plus
$273.4K
$239.3K – $319.0K
NOI $19,141 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.8K
$461.8K – $615.8K
NOI $36,947 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 92064, CA
48,884
Population
16,987
Households
2.9
Avg Household Size
42
Median Age
54%
College-Educated
94%
High-School Grad
42.3 sq mi
ZIP Area
1,156
Density / Sq Mi
$144,201
Median Household Income
$66,906
Median Earnings
$2,261
Median Rent
$971,600
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 - 55+ community home with an enclosed patio, covered tandem parking, central HVAC, and access to extensive resident amenities.
Where is this mobile home & rv park located?
The property is located at 223-14052 Gardenia Ave Poway, CA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,152‑square‑foot mobile home with 2 bedrooms and 2 bathrooms; Located in Poinsettia, a 55+ community; Enclosed patio room plus separate laundry room
