55+ Senior Living
For Sale
$284,600
Pending
46-2613 Forest Lk, Santa Ana, CA 92705
2-bedroom, 2-bath home with an attached 2-car garage, open living area, and patio overlooking a spacious yard.
Property Size1,248 SF
Days on Market96
Property Features for 46-2613 Forest Lk
General Information
Standard status
Pending
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
Eva Raleigh, Broker
Listed By:
Eva Raleigh · License #01826907
(714) 632-1646
Source:
Exprealty
Added: Jun 4
Changed: Sep 4
Last Checked: Sep 7 at 2:24PM
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 Eva Raleigh, Broker
Investment Insights
Based on property information with market context.
Welcome home to a charming 2-bedroom, 2-bath home in a 55+ community. The property features a welcoming front entry with an attached 2-car garage and an open-concept living, dining, and kitchen area. The living room opens to a patio and a spacious yard, creating an indoor-outdoor flow for everyday comfort and entertaining.
A convenient laundry room leads to the private primary suite, which includes large windows, a walk-in closet, and an ensuite bath with a walk-in shower and soaking garden tub. The second bedroom also has a private bathroom with a new walk-in tub.
Located within the community at 46-2613 Forest Lk, Santa Ana, CA, this home offers a well-appointed layout and outdoor space designed for relaxed, single-level living.
A convenient laundry room leads to the private primary suite, which includes large windows, a walk-in closet, and an ensuite bath with a walk-in shower and soaking garden tub. The second bedroom also has a private bathroom with a new walk-in tub.
Located within the community at 46-2613 Forest Lk, Santa Ana, CA, this home offers a well-appointed layout and outdoor space designed for relaxed, single-level living.
Key Highlights
- 2‑bedroom, 2‑bath home in a 55+ community
- Attached 2‑car garage with a welcoming front entry
- Open‑concept living, dining, and kitchen area
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
$20,059
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
7.05%
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%
$401,180
$401.2K
Cap Rate 7%
$286,557
$286.6K
Cap Rate 9%
$222,878
$222.9K
Market Conditions
NOI Build-Up for 1,248 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
$38.2K $30.60/SF
− Vacancy
−$1.7K −$1.38/SF
EGI
$36.5K $29.22/SF
− OpEx
−$16.4K −$13.15/SF
NOI
$20.1K $16.07/SF
Area
ZIP 92705
Vacancy
4.50%
Lease Rate
$30.60 /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%
$401,180
Cap Rate 7%
$286,557
Cap Rate 9%
$222,878
Alternative Uses
Best Use
Apartment 5plus
$286.6K
$250.7K – $334.3K
NOI $20,059 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$375.1K
$328.2K – $437.6K
NOI $26,255 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
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 - 2-bedroom, 2-bath home with an attached 2-car garage, open living area, and patio overlooking a spacious yard.
Where is this mobile home & rv park located?
The property is located at 46-2613 Forest Lk Santa Ana, CA.
What is the asking price?
The asking price for this property is $284,600.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath home in a 55+ community; Attached 2‑car garage with a welcoming front entry; Open‑concept living, dining, and kitchen area
