Senior Mobile Home in
For Sale
$265,000
3-221 N El Camino Real, Oceanside, CA 92058
Updated 2 bed, 2 bath home with newer A/C, dual-pane windows, and a flexible California room in a senior community.
Property Size1,248 SF
Price / SF$212.34
Days on Market76
Property Features for 3-221 N El Camino Real
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Listing Agency:
Berkshire Hathaway HomeService
(760) 431-3330
Listed By:
Lori Jones · License #01944896
(760) 443-2916
Source:
Exprealty
Added: Jun 23
Changed: Aug 20
Last Checked: Sep 5 at 1:27PM
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 HomeService
Investment Insights
Based on property information with market context.
This updated senior mobile home offers 2 bedrooms and 2 bathrooms in a light, bright interior with newer vinyl plank flooring and dual-pane windows (except for the California room). Baseboard heating is provided, along with a 1-year-new A/C wall unit. Improvements include newer interior paint in some rooms and exterior trim painted 2 years ago. The home includes a ceiling fan in the living room and a separate family room that could be used as a dining area or office, plus a California room that adds additional flexible living space.
A gas stove, dishwasher, and garbage disposal are included in the kitchen. Outside features a low-maintenance yard and a front porch. The property is within a senior mobile home community and includes clubhouse social activities such as pot lucks, holidays, and game nights. The community is also described as pet friendly. Nearby conveniences include grocery stores, restaurants, banks, and other services, with I-5 access about 2 miles away and the Pacific Ocean less than 5 miles away.
A gas stove, dishwasher, and garbage disposal are included in the kitchen. Outside features a low-maintenance yard and a front porch. The property is within a senior mobile home community and includes clubhouse social activities such as pot lucks, holidays, and game nights. The community is also described as pet friendly. Nearby conveniences include grocery stores, restaurants, banks, and other services, with I-5 access about 2 miles away and the Pacific Ocean less than 5 miles away.
Key Highlights
- Updated 2 bed / 2 bath home with 1,248 sq ft in a senior mobile home community
- Newer A/C wall unit installed 1 year ago
- Dual pane windows (except for the CA room) plus baseboard heating and ceiling fan in the living room
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
$19,328
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
7.29%
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%
$386,560
$386.6K
Cap Rate 7%
$276,114
$276.1K
Cap Rate 9%
$214,756
$214.8K
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
$37.4K $30.00/SF
− Vacancy
−$2.3K −$1.84/SF
EGI
$35.1K $28.16/SF
− OpEx
−$15.8K −$12.67/SF
NOI
$19.3K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /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%
$386,560
Cap Rate 7%
$276,114
Cap Rate 9%
$214,756
Alternative Uses
Best Use
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,219 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 92058, CA
45,389
Population
15,443
Households
2.9
Avg Household Size
27
Median Age
26%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
1,025
Density / Sq Mi
$72,479
Median Household Income
$31,347
Median Earnings
$2,583
Median Rent
$609,000
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 - Updated 2 bed, 2 bath home with newer A/C, dual-pane windows, and a flexible California room in a senior community.
Where is this mobile home & rv park located?
The property is located at 3-221 N El Camino Real Oceanside, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Updated 2 bed / 2 bath home with 1,248 sq ft in a senior mobile home community; Newer A/C wall unit installed 1 year ago; Dual pane windows (except for the CA room) plus baseboard heating and ceiling fan in the living room
