Manufactured Home with Heated
For Sale
$305,000
59-5815 E La Palma Ave, Anaheim, CA 92801
Manufactured home in a community offering heated pool, spa, clubhouse, gym, and playground, plus central A/C and indoor laundry.
Property Size1,494 SF
Price / SF$204.15
Days on Market139
Property Features for 59-5815 E La Palma Ave
General Information
Standard status
Active
Size
1,494 SF
Property subtype
Manufactured In Park
Amenities
heated pool
spa
kiddie pool
clubhouse
gym
basketball court
playground
central A/C
ceiling fans
indoor laundry
Listing Agency:
First Team Real Estate
(714) 974-9191
Listed By:
Gaby Islas · License #01854184
(714) 315-6319
Source:
Exprealty
Added: Apr 20
Changed: Aug 20
Last Checked: Sep 4 at 10:37AM
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 manufactured home offers a bright, open floor plan with high ceilings and natural light. The kitchen includes a center island, and the home features a spacious primary suite. Everyday convenience is supported by central A/C, ceiling fans, and indoor laundry.
Community amenities include a heated pool and spa, a heated kiddie pool, clubhouse, gym, basketball court, and playground. The property is located within the Placentia-Yorba Linda Unified School District. The address is 59-5815 E La Palma Ave, Anaheim, CA 92801.
Community amenities include a heated pool and spa, a heated kiddie pool, clubhouse, gym, basketball court, and playground. The property is located within the Placentia-Yorba Linda Unified School District. The address is 59-5815 E La Palma Ave, Anaheim, CA 92801.
Key Highlights
- Manufactured home in a community with heated pool and spa, plus a heated kiddie pool
- Community amenities include a clubhouse, gym, basketball court, and playground
- Open floor plan with high ceilings and bright kitchen with 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
$23,143
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
7.59%
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%
$462,860
$462.9K
Cap Rate 7%
$330,614
$330.6K
Cap Rate 9%
$257,144
$257.1K
Market Conditions
NOI Build-Up for 1,494 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
$43.9K $29.40/SF
− Vacancy
−$1.8K −$1.23/SF
EGI
$42.1K $28.17/SF
− OpEx
−$18.9K −$12.67/SF
NOI
$23.1K $15.49/SF
Area
ZIP 92801
Vacancy
4.20%
Lease Rate
$29.40 /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%
$462,860
Cap Rate 7%
$330,614
Cap Rate 9%
$257,144
Alternative Uses
Best Use
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,143 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$475.9K
$416.4K – $555.2K
NOI $33,314 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
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 - Manufactured home in a community offering heated pool, spa, clubhouse, gym, and playground, plus central A/C and indoor laundry.
Where is this mobile home & rv park located?
The property is located at 59-5815 E La Palma Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Manufactured home in a community with heated pool and spa, plus a heated kiddie pool; Community amenities include a clubhouse, gym, basketball court, and playground; Open floor plan with high ceilings and bright kitchen with center island
