Updated Three-Bedroom Mobile
For Sale
$289,000
240-3860 Higuera St, San Luis Obispo, CA 93401
Updated 3-bedroom, 2-bath home in Silver City Mobile Lodge Park with an open layout and covered outdoor living space.
Property Size1,344 SF
Price / SF$215.03
Days on Market13
Property Features for 240-3860 Higuera St
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Listing Agency:
Aldina Real Estate, Inc.
(831) 566-9716
Listed By:
Tony Melo · License #01844100
(831) 566-9716
Source:
Exprealty
Added: Jul 19
Changed: Jul 30
Last Checked: Jul 30 at 8:12AM
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 Aldina Real Estate, Inc.
Investment Insights
Based on property information with market context.
Welcome to this beautifully updated 3-bedroom, 2-bath home in the desirable Silver City Mobile Lodge Park. Set on a spacious corner lot, the home offers added privacy and extra outdoor space. Inside, you’ll find a bright open concept floor plan designed for comfortable living and effortless entertaining.
The kitchen features rich cabinetry, granite countertops, stainless steel appliances, a built-in gas cooktop, and an oversized center island connecting to the dining and living areas. Updates continue throughout with updated flooring, recessed lighting, and abundant natural light. A spacious primary suite includes two additional bedrooms, along with two full bathrooms and an indoor laundry room.
Step outside to enjoy an expansive covered porch for year-round relaxation, plus a private patio and yard suited for barbecues, gardening, pets, or simply enjoying Central Coast weather. Parking is provided by a two-car covered carport. The home is near shopping, restaurants, parks, and the amenities of San Luis Obispo.
The kitchen features rich cabinetry, granite countertops, stainless steel appliances, a built-in gas cooktop, and an oversized center island connecting to the dining and living areas. Updates continue throughout with updated flooring, recessed lighting, and abundant natural light. A spacious primary suite includes two additional bedrooms, along with two full bathrooms and an indoor laundry room.
Step outside to enjoy an expansive covered porch for year-round relaxation, plus a private patio and yard suited for barbecues, gardening, pets, or simply enjoying Central Coast weather. Parking is provided by a two-car covered carport. The home is near shopping, restaurants, parks, and the amenities of San Luis Obispo.
Key Highlights
- Updated 3‑bedroom, 2‑bath home in Silver City Mobile Lodge Park
- Corner lot for added privacy and extra outdoor space
- Kitchen with granite countertops, stainless steel appliances, and built‑in gas cooktop
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 | $48.4k | $36.00 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $47.2k | $35.10 |
| − OpEx | −$21.2k | −$15.80 |
| NOI | $25.9k | $19.31 |
1,344 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$370.7K
$324.3K – $432.4K
NOI $25,946 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$528.6K
$462.5K – $616.7K
NOI $37,000 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
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 - Updated 3-bedroom, 2-bath home in Silver City Mobile Lodge Park with an open layout and covered outdoor living space.
Where is this mobile home & rv park located?
The property is located at 240-3860 Higuera St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Updated 3‑bedroom, 2‑bath home in Silver City Mobile Lodge Park; Corner lot for added privacy and extra outdoor space; Kitchen with granite countertops, stainless steel appliances, and built‑in gas cooktop
