All-Age Mobile Home
For Sale
$254,900
4801 W 1st Street 107, Santa Ana, CA 92703
Three-bedroom residence with a flexible bonus room, covered patio, private yard, and four-vehicle carport.
Property Size1,310 SF
Price / SF$194.58
Days on Market19
Property Features for 4801 W 1st Street 107
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Manufactured In Park
Listing Agency:
First Team Real Estate
(562) 596-9911
Listed By:
Duc Duong
(714) 718-0048
Source:
Tfregroup
Added: Aug 16
Changed: Sep 2
Last Checked: Sep 2 at 2:15AM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
This all-age mobile home community includes a 3-bedroom, 2-bathroom residence with approximately 1,310 square feet of living area. A separate bonus room adds adaptable interior space for an office, guest area, hobby room, playroom, exercise area, or storage. The home also features a private backyard, covered patio, and an oversized covered carport accommodating up to 4 vehicles.
The property is positioned near Little Saigon, shopping centers, restaurants, schools, parks, and freeway access. Outdoor areas provide additional room for gatherings, gardening, and everyday use, while the interior configuration offers more flexibility than a typical manufactured home layout.
The property is positioned near Little Saigon, shopping centers, restaurants, schools, parks, and freeway access. Outdoor areas provide additional room for gatherings, gardening, and everyday use, while the interior configuration offers more flexibility than a typical manufactured home layout.
Key Highlights
- 3‑bedroom, 2‑bathroom mobile home with approximately 1,310 square feet
- Bonus room provides additional flexible interior space
- Oversized covered carport accommodates up to 4 vehicles
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
$21,973
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
8.62%
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%
$439,460
$439.5K
Cap Rate 7%
$313,900
$313.9K
Cap Rate 9%
$244,144
$244.1K
Market Conditions
NOI Build-Up for 1,310 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
$41.7K $31.80/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$40.0K $30.50/SF
− OpEx
−$18.0K −$13.72/SF
NOI
$22.0K $16.77/SF
Area
ZIP 92703
Vacancy
4.10%
Lease Rate
$31.80 /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%
$439,460
Cap Rate 7%
$313,900
Cap Rate 9%
$244,144
Alternative Uses
Best Use
Apartment 5plus
$313.9K
$274.7K – $366.2K
NOI $21,973 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.2K
$331.8K – $442.4K
NOI $26,541 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
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 - Three-bedroom residence with a flexible bonus room, covered patio, private yard, and four-vehicle carport.
Where is this mobile home & rv park located?
The property is located at 4801 W 1st Street 107 Santa Ana, CA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bathroom mobile home with approximately 1,310 square feet; Bonus room provides additional flexible interior space; Oversized covered carport accommodates up to 4 vehicles
