Mobile Home Park with Updated
For Sale
$389,000
Pending
369 Alpine Ln, Oceanside, CA 92054
Rent-controlled three-bedroom home with refreshed flooring, updated kitchen appliances, and plumbing replaced with PEX A.
Property Size1,132 SF
Days on Market33
Property Features for 369 Alpine Ln
General Information
Standard status
Pending
Size
1,132 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Listing Agency:
Leah Cole Realty
(760) 420-1101
Listed By:
Cathy-Jean Bucalo Stumpf
(760) 420-1101
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 29 at 2:43PM
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.
Cavalier Mobile Estates includes a 1,132-square-foot, three-bedroom, two-bath home with a spacious living room, updated kitchen appliances, and newly installed flooring. Plumbing has been replaced with PEX A and includes a 25-year warranty. A small balcony extends from the guest bedroom, while the corner-lot position provides added privacy.
The property is located at 369 Alpine Ln in Oceanside, west of the 5 Freeway. The home is identified as rent controlled and situated within a family park setting.
The property is located at 369 Alpine Ln in Oceanside, west of the 5 Freeway. The home is identified as rent controlled and situated within a family park setting.
Key Highlights
- 1,132‑square‑foot home with 3 bedrooms and 2 baths
- Plumbing replaced with PEX A and backed by a 25‑year warranty
- Updated kitchen appliances and newly installed flooring
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
$17,531
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
4.51%
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%
$350,620
$350.6K
Cap Rate 7%
$250,443
$250.4K
Cap Rate 9%
$194,789
$194.8K
Market Conditions
NOI Build-Up for 1,132 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
$34.0K $30.00/SF
− Vacancy
−$2.1K −$1.84/SF
EGI
$31.9K $28.16/SF
− OpEx
−$14.3K −$12.67/SF
NOI
$17.5K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /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%
$350,620
Cap Rate 7%
$250,443
Cap Rate 9%
$194,789
Alternative Uses
Best Use
Apartment 5plus
$250.4K
$219.1K – $292.2K
NOI $17,531 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.6K
$331.3K – $441.7K
NOI $26,503 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
Demographics for 92054, CA
38,667
Population
18,113
Households
2.1
Avg Household Size
38
Median Age
36%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$76,974
Median Household Income
$38,716
Median Earnings
$1,847
Median Rent
$851,100
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 - Rent-controlled three-bedroom home with refreshed flooring, updated kitchen appliances, and plumbing replaced with PEX A.
Where is this mobile home & rv park located?
The property is located at 369 Alpine Ln Oceanside, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,132‑square‑foot home with 3 bedrooms and 2 baths; Plumbing replaced with PEX A and backed by a 25‑year warranty; Updated kitchen appliances and newly installed flooring
