Residential Income Property with
For Sale
$130,000
4 Ortega Dr, Newbury Park, CA 91320
Updated interior with laminate flooring and a remodeled bathroom in a senior mobile home community.
Property Size510 SF
Price / SF$254.90
Days on Market20
Property Features for 4 Ortega Dr
General Information
Standard status
Active
Size
510 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
porch
pools
monthly events
Building Details
Buildings
1
Listing Agency:
Compass
(805) 794-4654
Listed By:
Lisa Caligiuri Lewis
(805) 794-4654
Source:
Exprealty
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 25 at 6:04AM
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 Compass
Investment Insights
Based on property information with market context.
This 510-property features a spacious porch, vintage kitchen, freshly painted interior, laminate flooring, and a recently remodeled bathroom. The home is located within Ventu Villas Senior Mobile Home Park at 4 Ortega Drive in Newbury Park, California.
Community amenities and activities include nearby pools, potlucks, informative speakers, bingo, and community lunches. Everyday services are conveniently situated nearby, including markets, restaurants, gas stations, and banks.
Community amenities and activities include nearby pools, potlucks, informative speakers, bingo, and community lunches. Everyday services are conveniently situated nearby, including markets, restaurants, gas stations, and banks.
Key Highlights
- Spacious porch
- Freshly painted interior with new laminate flooring
- Remodeled bathroom
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
$8,073
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
6.21%
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%
$161,460
$161.5K
Cap Rate 7%
$115,329
$115.3K
Cap Rate 9%
$89,700
$89.7K
Market Conditions
NOI Build-Up for 510 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
$15.5K $30.36/SF
− Vacancy
−$805 −$1.58/SF
EGI
$14.7K $28.78/SF
− OpEx
−$6.6K −$12.95/SF
NOI
$8.1K $15.83/SF
Area
Thousand Oaks, CA
Vacancy
5.20%
Lease Rate
$30.36 /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%
$161,460
Cap Rate 7%
$115,329
Cap Rate 9%
$89,700
Alternative Uses
Best Use
Apartment 5plus
$115.3K
$100.9K – $134.6K
NOI $8,073 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.8K
$174.9K – $233.2K
NOI $13,989 @ 7.0% cap · market cap 10.76%
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
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior with laminate flooring and a remodeled bathroom in a senior mobile home community.
Where is this residential income property located?
The property is located at 4 Ortega Dr Newbury Park, CA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Spacious porch; Freshly painted interior with new laminate flooring; Remodeled bathroom
