Updated Manufactured Home with
For Sale
$280,000
72-72 Suzanne Ct, Newbury Park, CA 91320
Move-in ready 2 bed, 2 bath home with updated windows, HVAC, and a covered front porch plus sunroom.
Property Size1,325 SF
Price / SF$211.32
Days on Market222
Property Features for 72-72 Suzanne Ct
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Listing Agency:
Keller Williams Westlake Village
(805) 777-7777
Listed By:
Karin Wilson
(805) 857-9926
Source:
Exprealty
Added: Jan 26
Changed: Aug 20
Last Checked: Sep 4 at 11:11AM
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 Keller Williams Westlake Village
Investment Insights
Based on property information with market context.
Updated 2-bedroom, 2-bath manufactured home in Ventu Park Villas Estates, featuring a bright, open floor plan with fresh interior and exterior paint, upgraded windows, newer flooring, and modern light fixtures. The kitchen offers ample cabinet storage and generous counter space, while the primary bedroom includes a private en-suite bathroom with updated vanity and shower. The hall bathroom has also been updated with a newer vanity and shower.
The home includes a formal dining area and a versatile sunroom that can serve as a home office, hobby room, or creative studio. A covered front porch provides space to relax, and a private carport offers convenient direct access through the kitchen. Additional improvements mentioned include an upgraded HVAC system, updated electrical panel, updated plumbing, and a separate laundry area.
Residents have access to community resort-style amenities, including a pool, spa, and recreation room. The home is located toward the rear of the community for added privacy, while remaining close to shopping and freeway access, with scenic hiking trails nearby.
The home includes a formal dining area and a versatile sunroom that can serve as a home office, hobby room, or creative studio. A covered front porch provides space to relax, and a private carport offers convenient direct access through the kitchen. Additional improvements mentioned include an upgraded HVAC system, updated electrical panel, updated plumbing, and a separate laundry area.
Residents have access to community resort-style amenities, including a pool, spa, and recreation room. The home is located toward the rear of the community for added privacy, while remaining close to shopping and freeway access, with scenic hiking trails nearby.
Key Highlights
- Move‑in ready 2‑bedroom, 2‑bathroom home in Ventu Park Villas Estates with a bright, open floor plan
- Upgraded windows and fresh interior/exterior paint throughout the living space
- Primary suite includes an en‑suite bathroom with an updated vanity and shower
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
$20,974
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
7.49%
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%
$419,480
$419.5K
Cap Rate 7%
$299,629
$299.6K
Cap Rate 9%
$233,044
$233.0K
Market Conditions
NOI Build-Up for 1,325 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
$40.2K $30.36/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$38.1K $28.78/SF
− OpEx
−$17.2K −$12.95/SF
NOI
$21.0K $15.83/SF
Area
Thousand Oaks, CA
Vacancy
5.20%
Lease Rate
$30.36 /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%
$419,480
Cap Rate 7%
$299,629
Cap Rate 9%
$233,044
Alternative Uses
Best Use
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,974 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.2K
$454.3K – $605.7K
NOI $36,343 @ 7.0% cap · market cap 12.98%
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
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
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 2 bed, 2 bath home with updated windows, HVAC, and a covered front porch plus sunroom.
Where is this mobile home & rv park located?
The property is located at 72-72 Suzanne Ct Newbury Park, CA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Move‑in ready 2‑bedroom, 2‑bathroom home in Ventu Park Villas Estates with a bright, open floor plan; Upgraded windows and fresh interior/exterior paint throughout the living space; Primary suite includes an en‑suite bathroom with an updated vanity and shower
