Gated Mobile Home Park
For Sale
$309,900
244-402 63rd St, San Diego, CA 92114
2021 manufactured home with three bedrooms, two baths, and a covered carport in an all-age residential community.
Property Size1,260 SF
Price / SF$245.95
Days on Market73
Property Features for 244-402 63rd St
General Information
Standard status
Active
Size
1,260 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
clubhouse
swimming pools
playground
gated access
security patrol
ceiling fans
window AC unit
Building Details
Year Built
2021
Buildings
1
Construction
Manufactured Home
Listing Agency:
Realty One Group Pacific
(619) 504-3303
Listed By:
Norma Delgadillo · License #01864865
(619) 504-3303
Source:
Exprealty
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 30 at 2:20AM
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 Realty One Group Pacific
Investment Insights
Based on property information with market context.
This 2021 manufactured home includes three bedrooms, two baths, an open living and dining arrangement, vaulted ceilings, and luxury vinyl plank flooring. The galley kitchen provides substantial cabinetry and a walk-in pantry, while ceiling fans serve each bedroom. An additional window AC unit is located in the living room. Outside, the low-maintenance home features a covered carport accommodating up to three vehicles.
The residence is situated within Summit Ridge Resort, a gated, all-age community in San Diego. Community amenities include a clubhouse, swimming pools, playground, maintained common areas, and security patrol. Shopping, dining, public transportation, schools, universities, and freeway access are located nearby.
The residence is situated within Summit Ridge Resort, a gated, all-age community in San Diego. Community amenities include a clubhouse, swimming pools, playground, maintained common areas, and security patrol. Shopping, dining, public transportation, schools, universities, and freeway access are located nearby.
Key Highlights
- 2021 manufactured home with 3 bedrooms and 2 baths
- Open‑concept living and dining areas with vaulted ceilings
- Galley kitchen with ample cabinetry and a walk‑in pantry
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
$26,438
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
8.53%
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%
$528,760
$528.8K
Cap Rate 7%
$377,686
$377.7K
Cap Rate 9%
$293,756
$293.8K
Market Conditions
NOI Build-Up for 1,260 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
$50.7K $40.20/SF
− Vacancy
−$2.6K −$2.05/SF
EGI
$48.1K $38.15/SF
− OpEx
−$21.6K −$17.17/SF
NOI
$26.4K $20.98/SF
Area
ZIP 92114
Vacancy
5.10%
Lease Rate
$40.20 /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%
$528,760
Cap Rate 7%
$377,686
Cap Rate 9%
$293,756
Alternative Uses
Best Use
Apartment 5plus
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.5K
$408.2K – $544.2K
NOI $32,654 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 92114, CA
66,248
Population
18,767
Households
3.5
Avg Household Size
37
Median Age
20%
College-Educated
82%
High-School Grad
8.3 sq mi
ZIP Area
7,982
Density / Sq Mi
$90,171
Median Household Income
$41,312
Median Earnings
$1,741
Median Rent
$604,300
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 - 2021 manufactured home with three bedrooms, two baths, and a covered carport in an all-age residential community.
Where is this mobile home & rv park located?
The property is located at 244-402 63rd St San Diego, CA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 2021 manufactured home with 3 bedrooms and 2 baths; Open‑concept living and dining areas with vaulted ceilings; Galley kitchen with ample cabinetry and a walk‑in pantry
