55+ Mobile Home in
For Sale
$475,000
41-41 Driftwood Trl, Half Moon Bay, CA 94019
A 2-bedroom, 2-bath mobile home with central gas forced-air heat and in-home laundry in a 55+ community.
Property Size1,440 SF
Price / SF$329.86
Days on Market62
Property Features for 41-41 Driftwood Trl
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Listing Agency:
Intero Real Estate Services
(650) 931-8300
Listed By:
Frank Vento · License #01321362
(650) 888-9900
Source:
Exprealty
Added: Jul 13
Changed: Sep 10
Last Checked: Sep 12 at 10:22AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
Located in Canada Cove Park, a 55+ community in Half Moon Bay, this 1,440 sq ft mobile home features two bedrooms and two full bathrooms. The ground-floor primary bedroom includes a walk-in closet for added storage. The kitchen offers granite countertops and a gas oven range with a hood over the range, plus a refrigerator, garbage disposal, and an exhaust fan. The kitchen and family room are open, with a breakfast bar and a dining area in the living room. Flooring throughout is a mix of laminate, tile, and vinyl/linoleum. Heating is provided by central forced air with gas, and the laundry room includes a washer and dryer.
Park amenities include a clubhouse, activities, laundry facilities, a workout room, classes, a pool, outdoor shuffle board, a dog park, and trails. The property is close to the beach and coastal trail, and near the Ritz Carlton Hotel/Resort, two golf courses, and dining. Historic Downtown Half Moon Bay is approximately two miles away, with community events throughout the year including the Half Moon Bay Pumpkin Festival in October, the 4th of July Parade, and Nights of Lights in December.
Park amenities include a clubhouse, activities, laundry facilities, a workout room, classes, a pool, outdoor shuffle board, a dog park, and trails. The property is close to the beach and coastal trail, and near the Ritz Carlton Hotel/Resort, two golf courses, and dining. Historic Downtown Half Moon Bay is approximately two miles away, with community events throughout the year including the Half Moon Bay Pumpkin Festival in October, the 4th of July Parade, and Nights of Lights in December.
Key Highlights
- 1,440 sq ft, 2‑bedroom and 2‑bath 55+ mobile home in Canada Cove Park
- Central forced‑air heat with gas
- Kitchen with granite countertops and gas oven range, hood, refrigerator, garbage disposal, and exhaust fan
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
$39,193
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
8.25%
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%
$783,860
$783.9K
Cap Rate 7%
$559,900
$559.9K
Cap Rate 9%
$435,478
$435.5K
Market Conditions
NOI Build-Up for 1,440 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
$75.2K $52.20/SF
− Vacancy
−$3.9K −$2.71/SF
EGI
$71.3K $49.49/SF
− OpEx
−$32.1K −$22.27/SF
NOI
$39.2K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /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%
$783,860
Cap Rate 7%
$559,900
Cap Rate 9%
$435,478
Alternative Uses
Best Use
Apartment 5plus
$559.9K
$489.9K – $653.2K
NOI $39,193 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.14M
$1.00M – $1.33M
NOI $80,067 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 94019, CA
15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
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 - A 2-bedroom, 2-bath mobile home with central gas forced-air heat and in-home laundry in a 55+ community.
Where is this mobile home & rv park located?
The property is located at 41-41 Driftwood Trl Half Moon Bay, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,440 sq ft, 2‑bedroom and 2‑bath 55+ mobile home in Canada Cove Park; Central forced‑air heat with gas; Kitchen with granite countertops and gas oven range, hood, refrigerator, garbage disposal, and exhaust fan
