Mobile Home in 55+
For Sale
$399,000
6-6 Sunset Ter, Half Moon Bay, CA 94019
Mobile home with raised-ceiling open layout, skylit kitchen, new carpet, and front porch in a 55+ community.
Property Size1,120 SF
Price / SF$356.25
Days on Market227
Property Features for 6-6 Sunset Ter
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Manufactured In Park
Listing Agency:
Ocean Element Real Estate
(650) 338-1133
Listed By:
Joakim Bye · License #01706059
(650) 284-2080
Source:
Exprealty
Added: Jan 28
Changed: Sep 6
Last Checked: Sep 11 at 5:28PM
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 Ocean Element Real Estate
Investment Insights
Based on property information with market context.
This mobile home features an open floor plan with raised ceilings and a light-filled kitchen with a skylight and breakfast bar. The living and dining area includes newly installed carpet, and plantation shutters are throughout. The home offers a spacious primary suite, an additional bedroom and bath for guests, plus a dedicated laundry room. A welcoming front porch extends the living space outdoors.
Located within the Canada Cove 55+ community, residents have access to a clubhouse, a seasonally heated pool, bocce ball court, fitness classes, and a full calendar of activities. The property also provides quick access to coastal trails and the beach, with easy access to Highway 1.
The interior layout is designed for comfortable day-to-day living, with defined bedroom and bathroom space for guests and an indoor laundry room supporting everyday convenience.
Located within the Canada Cove 55+ community, residents have access to a clubhouse, a seasonally heated pool, bocce ball court, fitness classes, and a full calendar of activities. The property also provides quick access to coastal trails and the beach, with easy access to Highway 1.
The interior layout is designed for comfortable day-to-day living, with defined bedroom and bathroom space for guests and an indoor laundry room supporting everyday convenience.
Key Highlights
- Open floor plan with raised ceilings
- Kitchen includes a skylight and breakfast bar
- New carpet just installed
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
$30,483
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
7.64%
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%
$609,660
$609.7K
Cap Rate 7%
$435,471
$435.5K
Cap Rate 9%
$338,700
$338.7K
Market Conditions
NOI Build-Up for 1,120 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
$58.5K $52.20/SF
− Vacancy
−$3.0K −$2.71/SF
EGI
$55.4K $49.49/SF
− OpEx
−$24.9K −$22.27/SF
NOI
$30.5K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /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%
$609,660
Cap Rate 7%
$435,471
Cap Rate 9%
$338,700
Alternative Uses
Best Use
Apartment 5plus
$435.5K
$381.0K – $508.1K
NOI $30,483 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$889.6K
$778.4K – $1.04M
NOI $62,274 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 94019, CA
15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
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 - Mobile home with raised-ceiling open layout, skylit kitchen, new carpet, and front porch in a 55+ community.
Where is this mobile home & rv park located?
The property is located at 6-6 Sunset Ter Half Moon Bay, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Open floor plan with raised ceilings; Kitchen includes a skylight and breakfast bar; New carpet just installed
