Updated Manufactured Home in
For Sale
$160,000
43-835 Kimball Ave, Seaside, CA 93955
Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.
Property Size444 SF
Price / SF$360.36
Days on Market216
Property Features for 43-835 Kimball Ave
General Information
Standard status
Active
Size
444 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1963
Listing Agency:
Bay Homes and Estates
(831) 521-2099
Listed By:
Ben Ottmar
(831) 601-1370
Source:
Exprealty
Added: Feb 2
Changed: Aug 31
Last Checked: Sep 5 at 2:15PM
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 Bay Homes and Estates
Investment Insights
Based on property information with market context.
Unit 43 at 835 Kimball Avenue presents a well-cared-for manufactured home in the Green Parrot Mobile Home Park. Originally built in 1963, the interior has been substantially remodeled and positioned for move-in readiness. Updates include brand new drywall, new flooring throughout, fresh paint inside and out, and recessed lighting.
The kitchen has also been updated with new countertops. Additional improvements include newly added double-pane windows, designed to support improved comfort and energy efficiency.
Set within a quiet, welcoming park setting, this home is described as being close to local amenities, shopping, and the Central Coast shoreline.
The kitchen has also been updated with new countertops. Additional improvements include newly added double-pane windows, designed to support improved comfort and energy efficiency.
Set within a quiet, welcoming park setting, this home is described as being close to local amenities, shopping, and the Central Coast shoreline.
Key Highlights
- Manufactured home in Green Parrot Mobile Home Park in Seaside (Unit 43 at 835 Kimball Avenue)
- Substantially remodeled interior with new drywall, new flooring throughout, and fresh paint inside and out
- Updated lighting package with recessed lighting
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
$7,143
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
4.46%
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%
$142,860
$142.9K
Cap Rate 7%
$102,043
$102.0K
Cap Rate 9%
$79,367
$79.4K
Market Conditions
NOI Build-Up for 444 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
$13.3K $30.00/SF
− Vacancy
−$333 −$0.75/SF
EGI
$13.0K $29.25/SF
− OpEx
−$5.8K −$13.16/SF
NOI
$7.1K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
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%
$142,860
Cap Rate 7%
$102,043
Cap Rate 9%
$79,367
Alternative Uses
Best Use
Apartment 5plus
$102.0K
$89.3K – $119.1K
NOI $7,143 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$169.5K
$148.3K – $197.8K
NOI $11,867 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 93955, CA
32,703
Population
11,150
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
81%
High-School Grad
26.3 sq mi
ZIP Area
1,243
Density / Sq Mi
$82,331
Median Household Income
$35,488
Median Earnings
$2,312
Median Rent
$693,800
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 - Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.
Where is this mobile home & rv park located?
The property is located at 43-835 Kimball Ave Seaside, CA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Manufactured home in Green Parrot Mobile Home Park in Seaside (Unit 43 at 835 Kimball Avenue); Substantially remodeled interior with new drywall, new flooring throughout, and fresh paint inside and out; Updated lighting package with recessed lighting
