One-Bedroom Residential Income
New
For Sale
$110,000
24630 Eshelman Avenue 26, Lomita, CA 90717
Manufactured home with a practical layout in an established 32-lot residential community.
Property Size432 SF
Price / SF$254.63
Days on Market2
Property Features for 24630 Eshelman Avenue 26
General Information
Standard status
Active
Size
432 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Listing Agency:
eXp Realty of California, Inc
(310) 798-1277
Listed By:
Edward Kaminsky · License #00958114
(310) 427-2414
Source:
Realtyrightchoice
Added: Sep 4
Last Checked: Sep 4 at 3:05PM
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 eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
This manufactured home at Royal Trailer Park Community offers 1 bedroom and 1 full bathroom within a compact, practical layout. The interior includes a living area, kitchen, full bathroom, and dedicated bedroom, providing the essential spaces for straightforward residential use.
The home is located at 24630 Eshelman Avenue, 26, in Lomita, California. Royal Trailer Park is an established 32-lot community in a residential setting, with shops, restaurants, services, and everyday conveniences nearby. The property presents a manageable residential footprint with a simple configuration suited to buyers seeking a smaller home.
The home is located at 24630 Eshelman Avenue, 26, in Lomita, California. Royal Trailer Park is an established 32-lot community in a residential setting, with shops, restaurants, services, and everyday conveniences nearby. The property presents a manageable residential footprint with a simple configuration suited to buyers seeking a smaller home.
Key Highlights
- 1‑bedroom, 1‑bath manufactured home
- Located in Royal Trailer Park Community
- Established 32‑lot residential community
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
$6,951
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
6.32%
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%
$139,020
$139.0K
Cap Rate 7%
$99,300
$99.3K
Cap Rate 9%
$77,233
$77.2K
Market Conditions
NOI Build-Up for 432 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
$13.7K $31.80/SF
− Vacancy
−$1.1K −$2.54/SF
EGI
$12.6K $29.26/SF
− OpEx
−$5.7K −$13.17/SF
NOI
$7.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
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%
$139,020
Cap Rate 7%
$99,300
Cap Rate 9%
$77,233
Alternative Uses
Best Use
Apartment 5plus
$99.3K
$86.9K – $115.9K
NOI $6,951 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured home with a practical layout in an established 32-lot residential community.
Where is this residential income property located?
The property is located at 24630 Eshelman Avenue 26 Lomita, CA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath manufactured home; Located in Royal Trailer Park Community; Established 32‑lot residential community
