Residential Income
25 Oceano Place Novato, CA 94949
For Sale
$420,000
For sale residential income property in Marin County, accessed via Hwy 101 Ignacio/BMK exit and entry drives within the park.
Property Size1,260 SF
Price / SF$333.33
Days on Market65
Property Features for 25 Oceano Place
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Manufactured In Park
Building Details
Year Built
2011
Listing Agency:
(415) 725-1911
Listed By:
Kevin McGinnis
(415) 725-1911
Source:
Evrealestate
Added: May 26
Changed: Jul 22
Last Checked: Jul 29 at 6:31AM
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 Kevin McGinnis
Investment Insights
Based on property information with market context.
This for-sale residential income property is associated with mobile home and RV park use as well as multifamily and residential income classifications based on the provided listing information.
The property is located at 25 Oceano Place in Novato, California, within Marin County. Directions in the listing indicate taking Hwy 101 to the Ignacio/BMK exit, then proceeding via R Nave Dr and L Roblar Dr to enter the park, continuing to L La Crescenta Cir and R Oceano.
The available information does not specify unit mix, improvements, or on-site configurations beyond the listed property types and the park access described in the directions.
The property is located at 25 Oceano Place in Novato, California, within Marin County. Directions in the listing indicate taking Hwy 101 to the Ignacio/BMK exit, then proceeding via R Nave Dr and L Roblar Dr to enter the park, continuing to L La Crescenta Cir and R Oceano.
The available information does not specify unit mix, improvements, or on-site configurations beyond the listed property types and the park access described in the directions.
Key Highlights
- Residential income property in Marin County, accessed via Hwy 101 Ignacio/BMK exit and entry drives within the park
- Built in 2011
- Central heating with a fireplace insert and gas log fireplace in the living room
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 | $35.2k | $27.96 |
| − Vacancy | −$2.0k | −$1.62 |
| EGI | $33.2k | $26.34 |
| − OpEx | −$14.9k | −$11.85 |
| NOI | $18.3k | $14.49 |
1,260 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$260.7K
$228.2K – $304.2K
NOI $18,252 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.15M
$5.39M – $7.18M
NOI $430,821 @ 7.0% cap · market cap 102.58%
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 - For sale residential income property in Marin County, accessed via Hwy 101 Ignacio/BMK exit and entry drives within the park.
Where is this mobile home & rv park located?
The property is located at 25 Oceano Place Novato, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Residential income property in Marin County, accessed via Hwy 101 Ignacio/BMK exit and entry drives within the park; Built in 2011; Central heating with a fireplace insert and gas log fireplace in the living room
