Upgraded Mobile Home with
For Sale
$549,000
Pending
43-100 N Rodeo Gulch Rd, Soquel, CA 95073
Two-bedroom home in a 55+ community with a powered shed, pool, clubhouse, and separate RV parking area.
Property Size1,440 SF
Days on Market185
Property Features for 43-100 N Rodeo Gulch Rd
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Manufactured In Park
Listing Agency:
Alliance Bay Realty
(510) 742-6600
Listed By:
Berge Bedrossian
(408) 315-3155
Source:
Exprealty
Added: Mar 5
Changed: Sep 5
Last Checked: Sep 5 at 3:15PM
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 Alliance Bay Realty
Investment Insights
Based on property information with market context.
This 1,440-square-foot mobile home occupies a corner lot within a 55+ community. The interior includes two bedrooms, a spacious primary suite with a walk-in shower and generous closet space, plus an open kitchen, living room, and dining area. A breakfast room or office adds flexibility, while plantation shutters and remote-controlled roller shades complement the abundant natural light. The home also includes a private deck, barbecue area, and a 50-square-foot shed with electricity for storage or hobby use. The driveway accommodates up to four vehicles.
Community amenities include a swimming pool, clubhouse, pool table, bocce ball area, social gatherings, and separate RV parking. The property is located minutes from Capitola Village, beaches, and the Santa Cruz Boardwalk. Rent-controlled, low space rent is also noted.
Community amenities include a swimming pool, clubhouse, pool table, bocce ball area, social gatherings, and separate RV parking. The property is located minutes from Capitola Village, beaches, and the Santa Cruz Boardwalk. Rent-controlled, low space rent is also noted.
Key Highlights
- 1,440‑square‑foot mobile home on a corner lot
- Two‑bedroom layout with spacious primary suite and walk‑in shower
- 50‑square‑foot powered shed for storage or hobby use
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
$37,066
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
6.75%
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%
$741,320
$741.3K
Cap Rate 7%
$529,514
$529.5K
Cap Rate 9%
$411,844
$411.8K
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
$69.1K $48.00/SF
− Vacancy
−$1.7K −$1.20/SF
EGI
$67.4K $46.80/SF
− OpEx
−$30.3K −$21.06/SF
NOI
$37.1K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /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%
$741,320
Cap Rate 7%
$529,514
Cap Rate 9%
$411,844
Alternative Uses
Best Use
Apartment 5plus
$529.5K
$463.3K – $617.8K
NOI $37,066 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$823.4K
$720.5K – $960.6K
NOI $57,637 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 95073, CA
10,549
Population
4,722
Households
2.2
Avg Household Size
48
Median Age
45%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
461
Density / Sq Mi
$113,929
Median Household Income
$52,054
Median Earnings
$2,093
Median Rent
$1,012,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Two-bedroom home in a 55+ community with a powered shed, pool, clubhouse, and separate RV parking area.
Where is this mobile home & rv park located?
The property is located at 43-100 N Rodeo Gulch Rd Soquel, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,440‑square‑foot mobile home on a corner lot; Two‑bedroom layout with spacious primary suite and walk‑in shower; 50‑square‑foot powered shed for storage or hobby use
