Mobile Home with Mountain
For Sale
$310,000
289 El Cielo, Newbury Park, CA 91320
Two-bedroom residence with a four-seasons porch, tandem covered parking, storage sheds, and access to extensive community amenities.
Property Size1,248 SF
Price / SF$248.40
Days on Market16
Property Features for 289 El Cielo
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
clubhouse
heated year-round pool
spa
18-hole putting green
library
fitness center
pool and tennis tables
meeting area
kitchen
dog run
gated community
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(805) 231-7698
Listed By:
Diane Mars
(805) 231-7698
Source:
Realtyrightchoice
Added: Aug 16
Changed: Aug 31
Last Checked: Aug 31 at 4:17AM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This 1,248-square-foot mobile home at 289 El Cielo includes two bedrooms, two bathrooms, a living room, dining area, kitchen, laundry room, and a four-seasons porch. The kitchen is equipped with a dishwasher, gas range, range hood, refrigerator, and stainless sink and faucet. The primary suite has a wall-to-wall closet, mirrored dressing area, and en-suite bathroom with dual vanity and tub. A walk-in shower serves the guest bathroom, while the laundry room includes a full-size washer, dryer, and storage cabinetry. The porch has been freshly painted and newly carpeted, and the property includes a two-car tandem covered carport and two storage sheds.
The home backs to open space with mountain views and sits within a gated, walkable 55+ community. Resident amenities include a renovated clubhouse, heated year-round pool, spa, 18-hole putting green, library, fitness center, game tables, meeting area, kitchen, and dog run. The property is near shopping, restaurants, parks, hiking trails, and the 101 Freeway.
The home backs to open space with mountain views and sits within a gated, walkable 55+ community. Resident amenities include a renovated clubhouse, heated year-round pool, spa, 18-hole putting green, library, fitness center, game tables, meeting area, kitchen, and dog run. The property is near shopping, restaurants, parks, hiking trails, and the 101 Freeway.
Key Highlights
- 1,248‑square‑foot mobile home with 2 bedrooms and 2 bathrooms
- Four‑seasons porch with direct access to the low‑maintenance yard
- Primary suite includes a wall‑to‑wall closet and en‑suite bathroom
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
$19,755
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
6.37%
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%
$395,100
$395.1K
Cap Rate 7%
$282,214
$282.2K
Cap Rate 9%
$219,500
$219.5K
Market Conditions
NOI Build-Up for 1,248 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
$37.9K $30.36/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$35.9K $28.78/SF
− OpEx
−$16.2K −$12.95/SF
NOI
$19.8K $15.83/SF
Area
Thousand Oaks, CA
Vacancy
5.20%
Lease Rate
$30.36 /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%
$395,100
Cap Rate 7%
$282,214
Cap Rate 9%
$219,500
Alternative Uses
Best Use
Apartment 5plus
$282.2K
$246.9K – $329.3K
NOI $19,755 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 11.04%
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
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Two-bedroom residence with a four-seasons porch, tandem covered parking, storage sheds, and access to extensive community amenities.
Where is this mobile home & rv park located?
The property is located at 289 El Cielo Newbury Park, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,248‑square‑foot mobile home with 2 bedrooms and 2 bathrooms; Four‑seasons porch with direct access to the low‑maintenance yard; Primary suite includes a wall‑to‑wall closet and en‑suite bathroom
