Two-Bedroom Residential Income
For Sale
$290,000
Pending
31-170 Diana St, Encinitas, CA 92024
Maintained mobile home near Beacon’s Beach with rental use permitted.
Property Size630 SF
Days on Market47
Property Features for 31-170 Diana St
General Information
Standard status
Pending
Size
630 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$2,541
Amenities
in-unit washer/dryer
deck with privacy fence
walk-in closet
Building Details
Buildings
1
Listing Agency:
Summerwood Homes Realty
Listed By:
Judy Ann Richard
(760) 576-8961
Source:
Exprealty
Added: Jul 18
Changed: Aug 21
Last Checked: Sep 1 at 10:47PM
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 Summerwood Homes Realty
Investment Insights
Based on property information with market context.
This 630-square-foot mobile home at Beacon’s Beach Village includes two bedrooms and one full bathroom. The interior features an eat-in kitchen with a stove, farmhouse sink, and cabinet storage, along with a living room and an oversized primary bedroom with a walk-in closet. An in-unit washer and dryer closet adds practical functionality.
Recent improvements include upgraded exterior siding with insulation and new interior and exterior paint. Outside, the home offers a freshly painted deck enclosed by a privacy fence. The property is located at 31-170 Diana St in Encinitas, within Beacon’s Beach Village and near Beacon’s Beach in Leucadia. Rental use is permitted.
Recent improvements include upgraded exterior siding with insulation and new interior and exterior paint. Outside, the home offers a freshly painted deck enclosed by a privacy fence. The property is located at 31-170 Diana St in Encinitas, within Beacon’s Beach Village and near Beacon’s Beach in Leucadia. Rental use is permitted.
Key Highlights
- 630‑square‑foot mobile home in Beacon’s Beach Village
- Two bedrooms and one full bathroom
- Eat‑in kitchen with stove, farmhouse sink, and cabinet storage
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
$10,468
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
3.61%
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%
$209,360
$209.4K
Cap Rate 7%
$149,543
$149.5K
Cap Rate 9%
$116,311
$116.3K
Market Conditions
NOI Build-Up for 630 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
$20.0K $31.80/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$19.0K $30.21/SF
− OpEx
−$8.6K −$13.59/SF
NOI
$10.5K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
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%
$209,360
Cap Rate 7%
$149,543
Cap Rate 9%
$116,311
Alternative Uses
Best Use
Apartment 5plus
$149.5K
$130.9K – $174.5K
NOI $10,468 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.6K
$252.6K – $336.8K
NOI $20,205 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 92024, CA
51,190
Population
21,566
Households
2.4
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
2,844
Density / Sq Mi
$149,080
Median Household Income
$70,949
Median Earnings
$2,643
Median Rent
$1,409,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Maintained mobile home near Beacon’s Beach with rental use permitted.
Where is this residential income property located?
The property is located at 31-170 Diana St Encinitas, CA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 630‑square‑foot mobile home in Beacon’s Beach Village; Two bedrooms and one full bathroom; Eat‑in kitchen with stove, farmhouse sink, and cabinet storage
