3-Bedroom Mobile
New
For Sale
$369,000
237 Albatross, Fountain Valley, CA 92708
Updated residence in a 55+ community with a covered porch, island kitchen, and access to shared recreational amenities.
Property Size1,566 SF
Price / SF$235.63
Days on Market4
Property Features for 237 Albatross
General Information
Standard status
Active
Size
1,566 SF
Property subtype
Manufactured In Park
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Amenities
swimming pool
hot tub
clubhouse
game room
laundry room
front porch
Listing Agency:
J&R Real Estate
(714) 768-4420
Listed By:
Rick Olson · License #01900743
Source:
Realtyrightchoice
Added: Sep 9
Last Checked: Sep 12 at 7:28AM
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 J&R Real Estate
Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath mobile home offers 1,566 square feet with a welcoming front porch and high tray ceilings finished with crown molding. The interior includes wood flooring, an island kitchen with stainless steel appliances and a custom backsplash, plus an indoor laundry room with pantry storage. Both bathrooms have been upgraded.
The home is located in a 55+ community at 237 Albatross in Fountain Valley. Community amenities include a swimming pool, hot tub, clubhouse, and game room, providing several shared recreation options for residents.
The home is located in a 55+ community at 237 Albatross in Fountain Valley. Community amenities include a swimming pool, hot tub, clubhouse, and game room, providing several shared recreation options for residents.
Key Highlights
- 1,566‑square‑foot mobile home with 3 bedrooms and 2 bathrooms
- 55+ community in Fountain Valley
- Front porch and high tray ceilings with crown molding
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
$29,891
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
8.10%
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%
$597,820
$597.8K
Cap Rate 7%
$427,014
$427.0K
Cap Rate 9%
$332,122
$332.1K
Market Conditions
NOI Build-Up for 1,566 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
$56.4K $36.00/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$54.3K $34.70/SF
− OpEx
−$24.5K −$15.62/SF
NOI
$29.9K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /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%
$597,820
Cap Rate 7%
$427,014
Cap Rate 9%
$332,122
Alternative Uses
Best Use
Apartment 5plus
$427.0K
$373.6K – $498.2K
NOI $29,891 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.0K
$460.2K – $613.7K
NOI $36,819 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 92708, CA
57,192
Population
19,250
Households
3
Avg Household Size
45
Median Age
45%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
6,285
Density / Sq Mi
$111,797
Median Household Income
$51,944
Median Earnings
$2,507
Median Rent
$1,018,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Updated residence in a 55+ community with a covered porch, island kitchen, and access to shared recreational amenities.
Where is this mobile home & rv park located?
The property is located at 237 Albatross Fountain Valley, CA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,566‑square‑foot mobile home with 3 bedrooms and 2 bathrooms; 55+ community in Fountain Valley; Front porch and high tray ceilings with crown molding
