Remodeled 2-Bedroom Manufactured
For Sale
$279,900
Pending
57-2907 S Santa Fe Ave, San Marcos, CA 92069
Move-in ready manufactured home on a corner lot with covered porch, covered parking, and a modern kitchen.
Property Size720 SF
Days on Market106
Property Features for 57-2907 S Santa Fe Ave
General Information
Standard status
Pending
Size
720 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
covered porch
storage shed
large side yard
clubhouse
library
billiards room
game room
community kitchen
Listing Agency:
Coldwell Banker Realty
(760) 941-6888
Listed By:
Ana Maria Tlaseca
(760) 402-8450
Source:
Exprealty
Added: May 30
Changed: Sep 11
Last Checked: Sep 12 at 3:39PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This beautifully remodeled 2-bedroom, 2-bath manufactured home features an open floor plan with luxury vinyl flooring, fresh paint, updated bathrooms, and a modern kitchen with white shaker cabinets, subway tile backsplash, and stainless steel appliances. Outside, enjoy a spacious covered porch, a storage shed, covered parking, and a large side yard with potential for additional parking.
Set in an all-ages family community, residents have access to a clubhouse, library, billiards room, game room, and a community kitchen. The home is also described as conveniently located near shopping, dining, schools, and freeway access.
The interior is configured for comfortable everyday living with a main open layout and two full bathrooms, while the exterior provides both covered parking and additional outdoor space.
Set in an all-ages family community, residents have access to a clubhouse, library, billiards room, game room, and a community kitchen. The home is also described as conveniently located near shopping, dining, schools, and freeway access.
The interior is configured for comfortable everyday living with a main open layout and two full bathrooms, while the exterior provides both covered parking and additional outdoor space.
Key Highlights
- 2‑bedroom, 2‑bath manufactured home on a corner lot in an all‑ages family community in San Marcos
- Move‑in ready interior with an open floor plan, luxury vinyl flooring, and fresh paint
- Modern kitchen with white shaker cabinets, subway tile backsplash, and stainless steel appliances
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
$11,963
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
4.27%
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%
$239,260
$239.3K
Cap Rate 7%
$170,900
$170.9K
Cap Rate 9%
$132,922
$132.9K
Market Conditions
NOI Build-Up for 720 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
$22.9K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.8K $30.21/SF
− OpEx
−$9.8K −$13.59/SF
NOI
$12.0K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
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%
$239,260
Cap Rate 7%
$170,900
Cap Rate 9%
$132,922
Alternative Uses
Best Use
Apartment 5plus
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.9K
$288.7K – $384.9K
NOI $23,092 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 92069, CA
49,407
Population
15,687
Households
3.1
Avg Household Size
34
Median Age
35%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
2,671
Density / Sq Mi
$93,065
Median Household Income
$41,634
Median Earnings
$2,078
Median Rent
$714,700
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 - Move-in ready manufactured home on a corner lot with covered porch, covered parking, and a modern kitchen.
Where is this mobile home & rv park located?
The property is located at 57-2907 S Santa Fe Ave San Marcos, CA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath manufactured home on a corner lot in an all‑ages family community in San Marcos; Move‑in ready interior with an open floor plan, luxury vinyl flooring, and fresh paint; Modern kitchen with white shaker cabinets, subway tile backsplash, and stainless steel appliances
