55+ Senior Park Home with Covered
For Sale
$290,000
67-14039 Lake Glen Dr, La Mirada, CA 90638
3-bedroom, 2-bath senior park home with an open kitchen/living layout and a long covered patio overlooking greenbelt.
Property Size1,248 SF
Price / SF$232.37
Days on Market84
Property Features for 67-14039 Lake Glen Dr
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
Eva Raleigh, Broker
Listed By:
Eva Raleigh · License #01826907
(714) 632-1646
Source:
Exprealty
Added: Jun 17
Changed: Aug 21
Last Checked: Sep 7 at 1:15PM
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 Eva Raleigh, Broker
Investment Insights
Based on property information with market context.
Situated in a 55+ senior park community, this 3-bedroom, 2-bath home offers an open-concept kitchen and living room. The kitchen features newer cabinets and granite countertops, along with a Lazy Susan and pantry. The primary bedroom and bathroom are generously sized, and the home includes plenty of storage throughout.
A long covered patio extends from the interior and walks out to the lush greenbelt, creating space for relaxing or entertaining. The carport is covered and can accommodate two to three cars depending on vehicle size, and there is also a private back area with a shed.
The community features a large clubhouse with a lake entrance, supporting an active, resident-focused lifestyle within the park.
A long covered patio extends from the interior and walks out to the lush greenbelt, creating space for relaxing or entertaining. The carport is covered and can accommodate two to three cars depending on vehicle size, and there is also a private back area with a shed.
The community features a large clubhouse with a lake entrance, supporting an active, resident-focused lifestyle within the park.
Key Highlights
- 3‑bedroom, 2‑bath senior park home with an open kitchen/living layout
- Kitchen includes newer cabinets, granite countertops, Lazy Susan, and pantry
- Large master bedroom and bathroom with lots of storage
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
$20,081
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
6.92%
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%
$401,620
$401.6K
Cap Rate 7%
$286,871
$286.9K
Cap Rate 9%
$223,122
$223.1K
Market Conditions
NOI Build-Up for 1,248 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
$39.7K $31.80/SF
− Vacancy
−$3.2K −$2.54/SF
EGI
$36.5K $29.26/SF
− OpEx
−$16.4K −$13.17/SF
NOI
$20.1K $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%
$401,620
Cap Rate 7%
$286,871
Cap Rate 9%
$223,122
Alternative Uses
Best Use
Apartment 5plus
$286.9K
$251.0K – $334.7K
NOI $20,081 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.2K
$584.7K – $779.5K
NOI $46,772 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 90638, CA
46,967
Population
15,459
Households
3
Avg Household Size
43
Median Age
40%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
6,100
Density / Sq Mi
$110,606
Median Household Income
$54,235
Median Earnings
$2,052
Median Rent
$765,100
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 - 3-bedroom, 2-bath senior park home with an open kitchen/living layout and a long covered patio overlooking greenbelt.
Where is this mobile home & rv park located?
The property is located at 67-14039 Lake Glen Dr La Mirada, CA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath senior park home with an open kitchen/living layout; Kitchen includes newer cabinets, granite countertops, Lazy Susan, and pantry; Large master bedroom and bathroom with lots of storage
