Updated 3BR Mobile
For Sale
$439,000
Pending
64-64 Timber Cove Dr, Campbell, CA 95008
Move-in-ready 3-bedroom, 2-bath mobile home built in 2015 with central heating and air and updated interiors.
Property Size1,500 SF
Days on Market47
Property Features for 64-64 Timber Cove Dr
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Manufactured In Park
Building Details
Year Built
2015
Listing Agency:
Portfolio Real Estate
4879290
Listed By:
Lindsey Phuon
4879290
Source:
Exprealty
Added: Jun 26
Changed: Jul 22
Last Checked: Aug 10 at 9:25AM
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 Portfolio Real Estate
Investment Insights
Based on property information with market context.
64 Timber Cove is a thoughtfully updated 3-bedroom, 2-bath mobile home built in 2015, offering approximately 1,500 square feet of bright, open living space. The interior features an open-concept layout with soaring ceilings and expansive windows, along with a kitchen updated with granite countertops, abundant cabinetry, and a newer Frigidaire French door refrigerator. Updates throughout include luxury laminate flooring, ceiling fans and light fixtures, roller shades, new toilets, a Nest smart thermostat, keyless entry locks, and Blink security cameras. A newer LG washer and dryer are also included. Central heating and air conditioning provide year-round comfort, and the exterior is described as low-maintenance.
The home is situated within the Timber Cove Mobile Home Community and provides direct access to the Los Gatos Creek Trail. It is described as minutes from Downtown Campbell, Downtown Los Gatos, and Santana Row, with access to major Silicon Valley employers.
The primary suite includes a private ensuite bathroom, and the two additional bedrooms offer flexible space for guests, an office, or hobbies.
The home is situated within the Timber Cove Mobile Home Community and provides direct access to the Los Gatos Creek Trail. It is described as minutes from Downtown Campbell, Downtown Los Gatos, and Santana Row, with access to major Silicon Valley employers.
The primary suite includes a private ensuite bathroom, and the two additional bedrooms offer flexible space for guests, an office, or hobbies.
Key Highlights
- Built in 2015, this move‑in‑ready 3‑bedroom, 2‑bath mobile home offers approximately 1,500 SF of bright, open living space.
- Central heating and air conditioning for year‑round comfort.
- Kitchen features granite countertops, abundant cabinetry, updated pendant lighting, modern cabinet hardware, and a newer Frigidaire French door refrigerator.
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
$28,512
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
6.49%
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%
$570,240
$570.2K
Cap Rate 7%
$407,314
$407.3K
Cap Rate 9%
$316,800
$316.8K
Market Conditions
NOI Build-Up for 1,500 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
$54.0K $36.00/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$51.8K $34.56/SF
− OpEx
−$23.3K −$15.55/SF
NOI
$28.5K $19.01/SF
Area
Santa Clara County, CA
Vacancy
4.00%
Lease Rate
$36.00 /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%
$570,240
Cap Rate 7%
$407,314
Cap Rate 9%
$316,800
Alternative Uses
Best Use
Apartment 5plus
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,390 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
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 3-bedroom, 2-bath mobile home built in 2015 with central heating and air and updated interiors.
Where is this mobile home & rv park located?
The property is located at 64-64 Timber Cove Dr Campbell, CA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Built in 2015, this move‑in‑ready 3‑bedroom, 2‑bath mobile home offers approximately 1,500 SF of bright, open living space.; Central heating and air conditioning for year‑round comfort.; Kitchen features granite countertops, abundant cabinetry, updated pendant lighting, modern cabinet hardware, and a newer Frigidaire French door refrigerator.
