Manufactured Home in All-Age
For Sale
$250,000
63-12505 Royal Rd, El Cajon, CA 92021
Spacious 4-bedroom, 2-bath manufactured home within an all-age community featuring a pool, clubhouse, and recreational areas.
Property Size1,440 SF
Price / SF$173.61
Days on Market55
Property Features for 63-12505 Royal Rd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
pool
clubhouse
recreational areas
Listing Agency:
BuySDHouses
(626) 636-5804
Listed By:
Edgar Jaimes · License #02210022
(619) 993-9005
Source:
Exprealty
Added: Jul 15
Changed: Sep 3
Last Checked: Sep 6 at 11:46AM
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 BuySDHouses
Investment Insights
Based on property information with market context.
Royal Estates is an all-age manufactured housing community in El Cajon. This for-sale manufactured home offers a functional floor plan with four bedrooms and two full bathrooms, along with a bright and open living area designed for everyday living and entertaining. The primary suite provides privacy, while the additional bedrooms offer flexibility for household needs.
The property is conveniently located near shopping, dining, schools, parks, and freeway access. Community amenities include a pool, clubhouse, and recreational areas, supporting on-site gathering and leisure.
The home’s layout and two-bath configuration provide comfortable space for a variety of living arrangements, with approximately 1,440 square feet of interior living space as described in the listing.
The property is conveniently located near shopping, dining, schools, parks, and freeway access. Community amenities include a pool, clubhouse, and recreational areas, supporting on-site gathering and leisure.
The home’s layout and two-bath configuration provide comfortable space for a variety of living arrangements, with approximately 1,440 square feet of interior living space as described in the listing.
Key Highlights
- Spacious 4‑bedroom, 2‑bath manufactured home with approximately 1,440 sq. ft. of living space
- Bright, open living area with a functional floor plan designed for everyday living and entertaining
- Primary suite for added privacy plus three additional bedrooms with flexible use
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
$13,381
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
5.35%
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%
$267,620
$267.6K
Cap Rate 7%
$191,157
$191.2K
Cap Rate 9%
$148,678
$148.7K
Market Conditions
NOI Build-Up for 1,440 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
$25.9K $18.00/SF
− Vacancy
−$1.6K −$1.11/SF
EGI
$24.3K $16.89/SF
− OpEx
−$10.9K −$7.60/SF
NOI
$13.4K $9.29/SF
Area
El Cajon, CA
Vacancy
6.14%
Lease Rate
$18.00 /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%
$267,620
Cap Rate 7%
$191,157
Cap Rate 9%
$148,678
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.0K
NOI $13,381 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.8K
$313.1K – $417.4K
NOI $25,045 @ 7.0% cap · market cap 10.02%
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
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 92021, CA
70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
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 - Spacious 4-bedroom, 2-bath manufactured home within an all-age community featuring a pool, clubhouse, and recreational areas.
Where is this mobile home & rv park located?
The property is located at 63-12505 Royal Rd El Cajon, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Spacious 4‑bedroom, 2‑bath manufactured home with approximately 1,440 sq. ft. of living space; Bright, open living area with a functional floor plan designed for everyday living and entertaining; Primary suite for added privacy plus three additional bedrooms with flexible use
