Mobile Home Park Residence with
For Sale
$269,000
62-3530 Damien Ave, La Verne, CA 91750
Community amenities include year-round pool and spa access, along with recreation and fitness spaces.
Property Size1,344 SF
Price / SF$200.15
Days on Market50
Property Features for 62-3530 Damien Ave
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
heated pool and spa
exercise room
game room
library
card room
central air and heating
storage shed
washer/dryer
Listing Agency:
HOMEQUEST REAL ESTATE
(909) 226-3551
Listed By:
Steve Olmos · License #00812624
(909) 226-3551
Source:
Exprealty
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 29 at 10:03PM
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 HOMEQUEST REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,344-square-foot residence is located within a mobile home park community in La Verne, California. The unit includes central air conditioning and heating, two-carport parking, a storage shed, and a new washer and dryer.
Community amenities include a heated pool and spa available year-round, an exercise room, game room, library, and card room. The community is age-restricted to residents 55 and older, with residents as young as 45 permitted to live with an eligible owner. Organized activities include bingo, poker, bowling, book club, bunco, pool aerobics, canasta, crochet, scrapbooking, and cornhole.
Community amenities include a heated pool and spa available year-round, an exercise room, game room, library, and card room. The community is age-restricted to residents 55 and older, with residents as young as 45 permitted to live with an eligible owner. Organized activities include bingo, poker, bowling, book club, bunco, pool aerobics, canasta, crochet, scrapbooking, and cornhole.
Key Highlights
- 1,344‑square‑foot residence in a mobile home park community
- Heated pool and spa available year‑round
- Central air conditioning and heating
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
$21,626
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
8.04%
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%
$432,520
$432.5K
Cap Rate 7%
$308,943
$308.9K
Cap Rate 9%
$240,289
$240.3K
Market Conditions
NOI Build-Up for 1,344 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
$42.7K $31.80/SF
− Vacancy
−$3.4K −$2.54/SF
EGI
$39.3K $29.26/SF
− OpEx
−$17.7K −$13.17/SF
NOI
$21.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
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%
$432,520
Cap Rate 7%
$308,943
Cap Rate 9%
$240,289
Alternative Uses
Best Use
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,626 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.6K
$629.6K – $839.5K
NOI $50,370 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 91750, CA
33,376
Population
12,928
Households
2.6
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
18.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$104,827
Median Household Income
$56,417
Median Earnings
$2,217
Median Rent
$789,100
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 - Community amenities include year-round pool and spa access, along with recreation and fitness spaces.
Where is this mobile home & rv park located?
The property is located at 62-3530 Damien Ave La Verne, CA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1,344‑square‑foot residence in a mobile home park community; Heated pool and spa available year‑round; Central air conditioning and heating
