2-Bedroom Residential Income
For Sale
$159,950
346-20401 Soledad Canyon Rd, Canyon Country, CA 91390
Mobile home offering an open layout, hardwood floors, and a kitchen with quartz counters and newer cabinetry.
Property Size880 SF
Price / SF$181.76
Days on Market15
Property Features for 346-20401 Soledad Canyon Rd
General Information
Standard status
Active
Size
880 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Listing Agency:
San Fernando Realty, Inc.
(818) 365-5671
Listed By:
Hector Casillas · License #01184369
(818) 365-5671
Source:
Exprealty
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 2:18PM
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 San Fernando Realty, Inc.
Investment Insights
Based on property information with market context.
This mobile home provides 880 square feet of residential space arranged with two bedrooms and two bathrooms. The interior combines an open floor plan with hardwood flooring, high ceilings, and substantial natural light. Its kitchen includes quartz countertops and newer cabinets, adding practical workspace and updated finishes to the main living area.
The property is positioned near shopping, retail stores, restaurants, and other everyday amenities. The combination of an efficient bedroom-and-bathroom layout, open central living space, and refreshed kitchen components creates a straightforward residential offering within a mobile-home format.
The property is positioned near shopping, retail stores, restaurants, and other everyday amenities. The combination of an efficient bedroom-and-bathroom layout, open central living space, and refreshed kitchen components creates a straightforward residential offering within a mobile-home format.
Key Highlights
- 880‑square‑foot mobile home with 2 bedrooms and 2 bathrooms
- Open floor plan with high ceilings and abundant natural light
- Hardwood flooring throughout the home
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
$13,312
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
8.32%
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%
$266,240
$266.2K
Cap Rate 7%
$190,171
$190.2K
Cap Rate 9%
$147,911
$147.9K
Market Conditions
NOI Build-Up for 880 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
$25.3K $28.80/SF
− Vacancy
−$1.1K −$1.30/SF
EGI
$24.2K $27.50/SF
− OpEx
−$10.9K −$12.38/SF
NOI
$13.3K $15.13/SF
Area
Santa Clarita, CA
Vacancy
4.50%
Lease Rate
$28.80 /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%
$266,240
Cap Rate 7%
$190,171
Cap Rate 9%
$147,911
Alternative Uses
Best Use
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,312 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.5K
$193.0K – $257.3K
NOI $15,438 @ 7.0% cap · market cap 9.65%
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
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 91390, CA
20,128
Population
6,673
Households
3
Avg Household Size
43
Median Age
41%
College-Educated
94%
High-School Grad
158.1 sq mi
ZIP Area
127
Density / Sq Mi
$143,963
Median Household Income
$70,122
Median Earnings
$2,282
Median Rent
$843,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Mobile home offering an open layout, hardwood floors, and a kitchen with quartz counters and newer cabinetry.
Where is this residential income property located?
The property is located at 346-20401 Soledad Canyon Rd Canyon Country, CA.
What is the asking price?
The asking price for this property is $159,950.
What are key features of this property?
This property features: 880‑square‑foot mobile home with 2 bedrooms and 2 bathrooms; Open floor plan with high ceilings and abundant natural light; Hardwood flooring throughout the home
