Turnkey 55+ Mobile Home with
For Sale
$244,500
51-2320 Lake Glen Dr, La Habra, CA 90631
Turnkey 55+ mobile home with fully furnished interior, brand-new appliances, and central heating and air.
Property Size1,152 SF
Price / SF$212.24
Days on Market54
Property Features for 51-2320 Lake Glen Dr
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Manufactured In Park
Amenities
pool and spa
fitness center
fishing
billiards
library
social activities
storage shed
Listing Agency:
First Team Real Estate North Tustin
(949) 988-3000
Listed By:
Richard Caceres · License #2093508
(949) 769-0939
Source:
Exprealty
Added: Jul 24
Changed: Sep 12
Last Checked: Sep 14 at 6:48AM
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 North Tustin
Investment Insights
Based on property information with market context.
This turnkey mobile home is set up for easy move-in living in an active 55+ community. The home comes fully furnished and includes brand-new appliances, including a new refrigerator, washer/dryer, and oven. The open-concept kitchen features a large center island, granite countertops, self-closing cabinetry, a built-in microwave, stainless steel appliances, modern plumbing fixtures, and ample cabinet space.
Inside, enjoy laminate flooring, recessed lighting, textured walls, fresh interior and exterior paint, and energy-efficient dual-pane windows, along with central heating and air conditioning. Both bedrooms include oversized walk-in closets, and the remodeled bathrooms offer walk-in showers, updated vanities, modern fixtures, and storage. There is also a front porch and a large storage shed for tools, hobbies, or seasonal items.
In the community at 51-2320 Lake Glen Dr in La Habra, residents have access to resort-style amenities including a pool and spa, fitness center, fishing, billiards, a library, and scheduled social activities.
Inside, enjoy laminate flooring, recessed lighting, textured walls, fresh interior and exterior paint, and energy-efficient dual-pane windows, along with central heating and air conditioning. Both bedrooms include oversized walk-in closets, and the remodeled bathrooms offer walk-in showers, updated vanities, modern fixtures, and storage. There is also a front porch and a large storage shed for tools, hobbies, or seasonal items.
In the community at 51-2320 Lake Glen Dr in La Habra, residents have access to resort-style amenities including a pool and spa, fitness center, fishing, billiards, a library, and scheduled social activities.
Key Highlights
- Fully furnished turnkey 55+ mobile home
- Brand‑new appliances including new fridge, washer/dryer, and oven
- Open‑concept kitchen with granite counters and massive center island
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
$21,988
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
8.99%
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%
$439,760
$439.8K
Cap Rate 7%
$314,114
$314.1K
Cap Rate 9%
$244,311
$244.3K
Market Conditions
NOI Build-Up for 1,152 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
$41.5K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$40.0K $34.70/SF
− OpEx
−$18.0K −$15.62/SF
NOI
$22.0K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /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%
$439,760
Cap Rate 7%
$314,114
Cap Rate 9%
$244,311
Alternative Uses
Best Use
Apartment 5plus
$314.1K
$274.9K – $366.5K
NOI $21,988 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.9K
$338.6K – $451.4K
NOI $27,085 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
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 - Turnkey 55+ mobile home with fully furnished interior, brand-new appliances, and central heating and air.
Where is this mobile home & rv park located?
The property is located at 51-2320 Lake Glen Dr La Habra, CA.
What is the asking price?
The asking price for this property is $244,500.
What are key features of this property?
This property features: Fully furnished turnkey 55+ mobile home; Brand‑new appliances including new fridge, washer/dryer, and oven; Open‑concept kitchen with granite counters and massive center island
