Two-Bedroom Residential Income
For Sale
$199,999
56-11 Via Barberini, Chula Vista, CA 91910
Age-restricted manufactured home in a community setting near shopping, dining, parks, and freeway access.
Property Size920 SF
Price / SF$217.39
Days on Market99
Property Features for 56-11 Via Barberini
General Information
Standard status
Active
Size
920 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Buildings
1
Construction
manufactured home
Listing Agency:
ShoppingSDHouses
(619) 992-9150
Listed By:
Carlos Elizondo · License #02066903
(619) 992-9150
Source:
Exprealty
Added: May 25
Changed: Aug 30
Last Checked: Aug 30 at 6:41PM
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 ShoppingSDHouses
Investment Insights
Based on property information with market context.
This age-restricted manufactured home offers a two-bedroom, two-bath layout with 920 square feet of living area. The interior includes comfortable living spaces, natural light, and a practical arrangement suited to everyday use. The home is located within a maintained community setting and offers room for a new owner to personalize the property.
The property is at 56-11 Via Barberini in Chula Vista, California. Shopping, dining, parks, and freeway access are located minutes away, providing convenient connections to everyday services and transportation routes.
The property is at 56-11 Via Barberini in Chula Vista, California. Shopping, dining, parks, and freeway access are located minutes away, providing convenient connections to everyday services and transportation routes.
Key Highlights
- Age‑restricted manufactured home in a community setting
- Two bedrooms and two bathrooms
- 920 square feet of living 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
$14,717
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
7.36%
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%
$294,340
$294.3K
Cap Rate 7%
$210,243
$210.2K
Cap Rate 9%
$163,522
$163.5K
Market Conditions
NOI Build-Up for 920 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
$27.9K $30.36/SF
− Vacancy
−$1.2K −$1.28/SF
EGI
$26.8K $29.08/SF
− OpEx
−$12.0K −$13.09/SF
NOI
$14.7K $16.00/SF
Area
Chula Vista, CA
Vacancy
4.20%
Lease Rate
$30.36 /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%
$294,340
Cap Rate 7%
$210,243
Cap Rate 9%
$163,522
Alternative Uses
Best Use
Apartment 5plus
$210.2K
$184.0K – $245.3K
NOI $14,717 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.4K
$256.7K – $342.3K
NOI $20,539 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 91910, CA
79,613
Population
28,432
Households
2.8
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
12.6 sq mi
ZIP Area
6,318
Density / Sq Mi
$87,705
Median Household Income
$45,476
Median Earnings
$1,930
Median Rent
$676,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Age-restricted manufactured home in a community setting near shopping, dining, parks, and freeway access.
Where is this residential income property located?
The property is located at 56-11 Via Barberini Chula Vista, CA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Age‑restricted manufactured home in a community setting; Two bedrooms and two bathrooms; 920 square feet of living area
