Manufactured Home in 55+
24-1251 E Lugonia Ave Redlands, CA 92374
For Sale
$160,000
Move-in ready 1,464 sq ft double wide with an open interior layout in a 55+ community with clubhouse and pool.
Property Size1,464 SF
Price / SF$109.29
Days on Market152
Property Features for 24-1251 E Lugonia Ave
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Manufactured In Park
Listing Agency:
Berkshire Hathaway Homeservices California Realty
(951) 452-5424
Listed By:
KIM RIVERS
(951) 452-5424
Source:
Exprealty
Added: Feb 27
Changed: Jul 28
Last Checked: Jul 28 at 10:47PM
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 Berkshire Hathaway Homeservices California Realty
Investment Insights
Based on property information with market context.
Move-in ready and well maintained, this 1,464 sq ft double wide manufactured home offers a spacious, bright open layout with abundant natural light. The kitchen features ample cabinetry and counter space. Outside, the property includes drought tolerant landscaping designed for low-maintenance living.
The home is located within the Lugonia Fountains 55+ community, where residents have access to a clubhouse with a kitchen, pool tables, spa, and a swimming pool, with the option to reserve the clubhouse for special occasions. The community is also described as convenient to the University of Redlands, shopping, restaurants, and offers easy freeway access.
For practical everyday living and straightforward upkeep, the home’s combination of an open interior plan and easy-care landscaping is supported by the property’s move-in ready condition.
The home is located within the Lugonia Fountains 55+ community, where residents have access to a clubhouse with a kitchen, pool tables, spa, and a swimming pool, with the option to reserve the clubhouse for special occasions. The community is also described as convenient to the University of Redlands, shopping, restaurants, and offers easy freeway access.
For practical everyday living and straightforward upkeep, the home’s combination of an open interior plan and easy-care landscaping is supported by the property’s move-in ready condition.
Key Highlights
- 1,464 sq ft double wide manufactured home with an open interior layout
- Move‑in ready home in a 55+ community
- Drought tolerant, low‑maintenance landscape
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $17.16 |
| − Vacancy | −$1.6k | −$1.06 |
| EGI | $23.6k | $16.10 |
| − OpEx | −$10.6k | −$7.24 |
| NOI | $13.0k | $8.85 |
1,464 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.2K
$162.0K – $216.0K
NOI $12,961 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.8K
$270.2K – $360.3K
NOI $21,617 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Move-in ready 1,464 sq ft double wide with an open interior layout in a 55+ community with clubhouse and pool.
Where is this mobile home & rv park located?
The property is located at 24-1251 E Lugonia Ave Redlands, CA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,464 sq ft double wide manufactured home with an open interior layout; Move‑in ready home in a 55+ community; Drought tolerant, low‑maintenance landscape
