Upgraded Mobile
For Sale
$235,000
7 Katy Lane, San Fernando, CA 91345
Upgraded residence in a 55+ community with a pool, clubhouse, covered carport, and on-site storage.
Property Size1,140 SF
Price / SF$206.14
Days on Market41
Property Features for 7 Katy Lane
General Information
Standard status
Active
Size
1,140 SF
Total Parking Spaces
1
Property subtype
ManufacturedInPark
Additional Details
Multifamily Units
1
Amenities
indoor laundry room
storage shed
Building Details
Buildings
1
Listing Agency:
RE/MAX ONE
(818) 599-3322
Listed By:
Steven Aslanian · License #01130429
(818) 599-3322
Source:
Kaleorealestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 8:38PM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This upgraded mobile home at Mission Mobile Manor provides 1,140 square feet with 3 bedrooms and 2 bathrooms. The interior features vaulted ceilings with ceiling fans, a spacious living room, and a kitchen with an island, refrigerator, gas range, microwave, and dishwasher. An indoor laundry room adds daily convenience.
Exterior features include a 1-car covered carport, nearby guest parking, and a storage shed. Residents have access to the community pool and clubhouse, which includes space for parties and events. The property is located at 7 Katy Lane in San Fernando, California, within a 55+ community.
Exterior features include a 1-car covered carport, nearby guest parking, and a storage shed. Residents have access to the community pool and clubhouse, which includes space for parties and events. The property is located at 7 Katy Lane in San Fernando, California, within a 55+ community.
Key Highlights
- 1,140 SF mobile home with 3 bedrooms and 2 bathrooms
- Upgraded interior with vaulted ceilings and ceiling fans
- Kitchen includes island, fridge, gas stove, microwave, and dishwasher
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
$18,344
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
7.81%
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%
$366,880
$366.9K
Cap Rate 7%
$262,057
$262.1K
Cap Rate 9%
$203,822
$203.8K
Market Conditions
NOI Build-Up for 1,140 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
$36.3K $31.80/SF
− Vacancy
−$2.9K −$2.54/SF
EGI
$33.4K $29.26/SF
− OpEx
−$15.0K −$13.17/SF
NOI
$18.3K $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%
$366,880
Cap Rate 7%
$262,057
Cap Rate 9%
$203,822
Alternative Uses
Best Use
Apartment 5plus
$262.1K
$229.3K – $305.7K
NOI $18,344 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.4K
$534.1K – $712.1K
NOI $42,725 @ 7.0% cap · market cap 18.18%
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
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 91345, CA
18,895
Population
5,672
Households
3.3
Avg Household Size
40
Median Age
21%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
5,905
Density / Sq Mi
$96,345
Median Household Income
$40,096
Median Earnings
$1,846
Median Rent
$654,100
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 - Upgraded residence in a 55+ community with a pool, clubhouse, covered carport, and on-site storage.
Where is this mobile home & rv park located?
The property is located at 7 Katy Lane San Fernando, CA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,140 SF mobile home with 3 bedrooms and 2 bathrooms; Upgraded interior with vaulted ceilings and ceiling fans; Kitchen includes island, fridge, gas stove, microwave, and dishwasher
