Spacious Mobile Home in Santa
For Sale
$262,900
3424 W Washington 228, Santa Ana, CA 92703
4-bedroom, 2-bathroom mobile home in gated Santa Ana community.
Property Size1,344 SF
Days on Market275
Property Features for 3424 W Washington 228
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Other
Building Details
Building Size
1,344 SF
Year Built
2016
Listing Agency:
New Century Realtors
Listed By:
Marti Robles · License #02142514
(714) 619-8811
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 21
Last Checked: Sep 4 at 11:18AM
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 New Century Realtors
Investment Insights
Based on property information with market context.
Located at 3434 W Washington Ave, Space 228, this spacious mobile home features 4 bedrooms and 2 bathrooms. The property is situated within Holiday Mobile Home Estates, a well-maintained and gated community in Santa Ana. The home offers a functional layout suitable for families or individuals requiring additional space. Its location provides convenient access to local restaurants, shopping centers, and schools. Commuting is facilitated by easy access to the 5 and 22 freeways.
Key Highlights
- Spacious 4‑bedroom, 2‑bathroom mobile home.
- Located in the desirable Holiday Mobile Home Estates.
- Gated community providing security and peace of mind.
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
$22,543
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
8.57%
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%
$450,860
$450.9K
Cap Rate 7%
$322,043
$322.0K
Cap Rate 9%
$250,478
$250.5K
Market Conditions
NOI Build-Up for 1,344 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
$42.7K $31.80/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$41.0K $30.50/SF
− OpEx
−$18.4K −$13.72/SF
NOI
$22.5K $16.77/SF
Area
ZIP 92703
Vacancy
4.10%
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%
$450,860
Cap Rate 7%
$322,043
Cap Rate 9%
$250,478
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,543 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.0K
$340.4K – $453.8K
NOI $27,230 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
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 - 4-bedroom, 2-bathroom mobile home in gated Santa Ana community.
Where is this mobile home & rv park located?
The property is located at 3424 W Washington 228 Santa Ana, CA.
What is the asking price?
The asking price for this property is $262,900.
What are key features of this property?
This property features: Spacious 4‑bedroom, 2‑bathroom mobile home.; Located in the desirable Holiday Mobile Home Estates.; Gated community providing security and peace of mind.
