2BR/2BA Mobile Home with
323-650 S Rancho Santa Fe Rd San Marcos, CA 92078
For Sale
$229,000
Pending
Spacious 2-bedroom, 2-bath manufactured home in a 55+ rent-controlled park with central A/C and a raised porch.
Property Size1,176 SF
Days on Market53
Property Features for 323-650 S Rancho Santa Fe Rd
General Information
- Standard status
- Pending
- Size
- 1,176 SF
- Property subtype
- Manufactured In Park
Listing Agency:
Leah Cole Realty
(760) 504-1983
Listed By:
Colleen Cole
(760) 504-1983
Source:
Exprealty
Added: Jun 1
Changed: Jul 21
Last Checked: Jul 23 at 5:07PM
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 Leah Cole Realty
Investment Insights
Based on property information with market context.
This manufactured home offers 2 bedrooms and 2 bathrooms with a separate living and dining room. The kitchen provides easy access to the laundry area, and the hall includes storage cabinets. The primary bedroom features a large walk-in closet, and there are newer laminate floors installed throughout with carpet in bedroom 1. Additional interior comfort includes central A/C. Outside, the home has an open raised porch designed for enjoying the views.
Located in a 55+ rent-controlled park, the home sits on the top row of the community. The property is on HCD registration. Monthly space rent is stated as $619.98 and is under rent control.
The community is described as an active and social 5* environment, with convenience to shopping, restaurants, Lake San Marcos, multiple golf courses, parks and trails, and the San Marcos Senior Center. The listing notes the beaches are about an 8-mile drive to Carlsbad.
Located in a 55+ rent-controlled park, the home sits on the top row of the community. The property is on HCD registration. Monthly space rent is stated as $619.98 and is under rent control.
The community is described as an active and social 5* environment, with convenience to shopping, restaurants, Lake San Marcos, multiple golf courses, parks and trails, and the San Marcos Senior Center. The listing notes the beaches are about an 8-mile drive to Carlsbad.
Key Highlights
- 2‑bedroom, 2‑bath manufactured home in a 55+ rent‑controlled park
- Mountain views from the raised open porch and from the primary bedroom
- Central A/C plus separate living and dining 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 | $37.4k | $31.80 |
| − Vacancy | −$1.9k | −$1.59 |
| EGI | $35.5k | $30.21 |
| − OpEx | −$16.0k | −$13.59 |
| NOI | $19.5k | $16.62 |
1,176 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.8K
$471.5K – $628.6K
NOI $37,716 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Spacious 2-bedroom, 2-bath manufactured home in a 55+ rent-controlled park with central A/C and a raised porch.
Where is this mobile home & rv park located?
The property is located at 323-650 S Rancho Santa Fe Rd San Marcos, CA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath manufactured home in a 55+ rent‑controlled park; Mountain views from the raised open porch and from the primary bedroom; Central A/C plus separate living and dining room
