Affordable Santa Clara County
For Sale
$399,888
Pending
559 Mountain Home Dr 559, San Jose, CA 95136
Updated 3-bedroom home in family-friendly community with low space rent.
Property Size1,440 SF
Days on Market120
Property Features for 559 Mountain Home Dr 559
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Commercial
Building Details
Building Size
1,440 SF
Year Built
1973
Listing Agency:
BRG Realty
(408) 472-5582
Listed By:
Lawrence Gillen · License #01193237
(408) 472-5582
Source:
Elliman
Added: Apr 15
Changed: Aug 8
Last Checked: Aug 3 at 11:08AM
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 BRG Realty
Investment Insights
Based on property information with market context.
This home offers approximately 1,440 sq ft of living space and features meaningful upgrades. Improvements include updated outlets and light switches, energy-efficient LED lighting, Milgard Intrinsic Series low-profile double-pane windows & sliding door, furnace with American Standard A/C, Aprilaire whole house filtration, cellular shades throughout, Bosch stainless steel dishwasher, and Samsung stainless steel microwave. The washer and dryer are included without warranty. Copper water lines and a remodeled guest bathroom are also featured. Freshly painted inside and out, the home includes a large enclosed deck area with new carpet, paneling, paint, and window screens, providing flexible bonus space. Two sheds provide additional storage. A lot drainage system along the left side of the home helps direct water away from the property. The property has its own yard with seasonal oranges and dragon fruit. Located in the desirable Mountain Shadows Mobile Home Park, a family-friendly community with convenient access to Highway 87, Almaden Expressway, and nearby Highway 85. The location has a bike score of 52, making it bikeable, a walk score of 67, making it somewhat walkable, and a transit score of 44, indicating some transit options.
Key Highlights
- Extremely low space rent ($838) and no property tax, offering significant affordability in Santa Clara County.
- Updated with meaningful upgrades that may support insurability comparable to newer homes (buyer to verify).
- Approx. 1,440 sq ft of living space with 3 bedrooms and 2 bathrooms.
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
$29,952
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
7.49%
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%
$599,040
$599.0K
Cap Rate 7%
$427,886
$427.9K
Cap Rate 9%
$332,800
$332.8K
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
$57.0K $39.60/SF
− Vacancy
−$2.6K −$1.78/SF
EGI
$54.5K $37.82/SF
− OpEx
−$24.5K −$17.02/SF
NOI
$30.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /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%
$599,040
Cap Rate 7%
$427,886
Cap Rate 9%
$332,800
Alternative Uses
Best Use
Apartment 5plus
$427.9K
$374.4K – $499.2K
NOI $29,952 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.7K
$761.0K – $1.01M
NOI $60,876 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 95136, CA
45,971
Population
16,535
Households
2.8
Avg Household Size
38
Median Age
46%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
8,841
Density / Sq Mi
$143,696
Median Household Income
$69,894
Median Earnings
$2,750
Median Rent
$1,104,300
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 - Updated 3-bedroom home in family-friendly community with low space rent.
Where is this mobile home & rv park located?
The property is located at 559 Mountain Home Dr 559 San Jose, CA.
What is the asking price?
The asking price for this property is $399,888.
What are key features of this property?
This property features: Extremely low space rent ($838) and no property tax, offering significant affordability in Santa Clara County.; Updated with meaningful upgrades that may support insurability comparable to newer homes (buyer to verify).; Approx. 1,440 sq ft of living space with 3 bedrooms and 2 bathrooms.
