Remodeled Three-Bedroom Mobile
For Sale
$225,000
36-21210 E Arrow Hwy, Covina, CA 91722
Remodeled within about two years with an open floor plan and cathedral ceilings plus updated windows, flooring, and plumbing.
Property Size1,176 SF
Price / SF$191.33
Days on Market141
Property Features for 36-21210 E Arrow Hwy
General Information
Standard status
Active
Size
1,176 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
cathedral ceilings
wood laminate flooring
updated windows
kitchen island
pantry
Listing Agency:
EXP REALTY OF CALIFORNIA INC
(888) 584-9427
Listed By:
MICHAEL LOPEZ
(909) 750-1538
Source:
Exprealty
Added: Apr 27
Changed: Aug 20
Last Checked: Sep 14 at 8:22AM
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 EXP REALTY OF CALIFORNIA INC
Investment Insights
Based on property information with market context.
Remodeled and updated three-bedroom, two-bath mobile home on a single level, with an open floor plan and cathedral ceilings throughout. The home was updated within approximately two years and features wood laminate flooring, updated windows, fresh paint, and updated plumbing access and fixtures for both bathrooms.
The kitchen includes an island, pantry, and ample storage and counter space. The primary bedroom is sized to accommodate a king-size bed, and all three bedrooms provide space for furniture. Outside, the exterior has been updated to minimize maintenance and help reduce water usage, and the carport can accommodate two cars, with lots of guest parking nearby.
The property totals 1,176 SF and is located in the City of Covina within the Charter Oak School District, at 36-21210 E Arrow Hwy.
The kitchen includes an island, pantry, and ample storage and counter space. The primary bedroom is sized to accommodate a king-size bed, and all three bedrooms provide space for furniture. Outside, the exterior has been updated to minimize maintenance and help reduce water usage, and the carport can accommodate two cars, with lots of guest parking nearby.
The property totals 1,176 SF and is located in the City of Covina within the Charter Oak School District, at 36-21210 E Arrow Hwy.
Key Highlights
- Updated within approximately two years with new windows, paint, and refreshed finishes
- Open floor plan with cathedral ceilings throughout
- Wood laminate flooring throughout
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
$18,923
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
8.41%
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%
$378,460
$378.5K
Cap Rate 7%
$270,329
$270.3K
Cap Rate 9%
$210,256
$210.3K
Market Conditions
NOI Build-Up for 1,176 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 $31.80/SF
− Vacancy
−$3.0K −$2.54/SF
EGI
$34.4K $29.26/SF
− OpEx
−$15.5K −$13.17/SF
NOI
$18.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
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%
$378,460
Cap Rate 7%
$270,329
Cap Rate 9%
$210,256
Alternative Uses
Best Use
Apartment 5plus
$270.3K
$236.5K – $315.4K
NOI $18,923 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.6K
$550.9K – $734.6K
NOI $44,074 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 91722, CA
36,111
Population
10,340
Households
3.5
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
4.1 sq mi
ZIP Area
8,808
Density / Sq Mi
$98,033
Median Household Income
$39,738
Median Earnings
$2,039
Median Rent
$626,100
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 - Remodeled within about two years with an open floor plan and cathedral ceilings plus updated windows, flooring, and plumbing.
Where is this mobile home & rv park located?
The property is located at 36-21210 E Arrow Hwy Covina, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated within approximately two years with new windows, paint, and refreshed finishes; Open floor plan with cathedral ceilings throughout; Wood laminate flooring throughout
