Spacious Mobile Home in 55+
275 Burnett Ave 148, Morgan Hill, CA 95037
For Sale
$365,000
Comfortable 2-bedroom mobile home in rent-controlled 55+ community.
Property Size1,250 SF
Days on Market347
Property Features for 275 Burnett Ave 148
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Realty Partners
Listed By:
Rhian Alfred-kleinmaier
(408) 480-3593
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:46AM
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 RE/MAX Realty Partners
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Investment Insights
Based on property information with market context.
This spacious mobile home features 2 bedrooms and 2 bathrooms, offering approximately 1,250 sq. ft. of living space. Located in the Hacienda Valley Estate Park, a rent-controlled 55+ community, the home includes a formal dining room, as well as separate living and family rooms. Updates include a new roof installed in 2015 and waterproof vinyl flooring. Central A/C and heating provide year-round comfort. The primary suite includes double sinks in the bathroom. Community amenities include a recently renovated clubhouse, pool, hot tub, and bocce ball courts. Residents benefit from fresh vegetable deliveries every Thursday and a monthly newsletter detailing community events. The space rent is currently $786 per month.
Key Highlights
- Exceptionally low rent‑controlled space rent of only $786/month in a desirable 55+ community.
- Spacious 1,250 sq. ft. layout with 2 bedrooms and 2 bathrooms, featuring a formal dining room, separate living and family rooms.
- Well‑maintained with a new roof (2015) and waterproof vinyl flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,082
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,640
$521.6K
Cap Rate 7%
$372,600
$372.6K
Cap Rate 9%
$289,800
$289.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$49.5K $39.60/SF
− Vacancy
−$2.1K −$1.66/SF
EGI
$47.4K $37.94/SF
− OpEx
−$21.3K −$17.07/SF
NOI
$26.1K $20.87/SF
Area
Santa Clara County, CA
Vacancy
4.20%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,640
Cap Rate 7%
$372,600
Cap Rate 9%
$289,800
Alternative Uses
Best Use
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.6K
$660.3K – $880.4K
NOI $52,825 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 95037, CA
53,126
Population
17,185
Households
3.1
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
120.1 sq mi
ZIP Area
442
Density / Sq Mi
$158,256
Median Household Income
$71,130
Median Earnings
$2,242
Median Rent
$1,152,400
Median Home Value
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Market
Average Price Trend$/SF for Mobile home & RV parks in Santa Clara County, CA
Properties on Market for Mobile home & RV parks in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Comfortable 2-bedroom mobile home in rent-controlled 55+ community.
Where is this mobile home & rv park located?
The property is located at 275 Burnett Ave 148 Morgan Hill, CA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Exceptionally low rent‑controlled space rent of only $786/month in a desirable 55+ community.; Spacious 1,250 sq. ft. layout with **2 bedrooms and 2 bathrooms**, featuring a formal dining room, separate living and family rooms.; Well‑maintained with a new roof (2015) and waterproof vinyl flooring.
