Mobile Home & RV
For Sale
$215,000
Pending
75-520 Pine Ave, Goleta, CA 93117
Updated property with heating, air conditioning, and private parking near beaches, parks, dining, and public transit.
Property Size688 SF
Days on Market86
Property Features for 75-520 Pine Ave
General Information
Standard status
Pending
Size
688 SF
Property subtype
Manufactured In Park
Additional Details
Public Transit
Yes
Amenities
heat and A/C
Listing Agency:
Keller Williams Santa Barbara
(805) 451-3977
Listed By:
Pat Costello
(805) 451-3977
Source:
Exprealty
Added: May 19
Changed: Aug 12
Last Checked: Aug 12 at 4:45AM
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 Santa Barbara
Investment Insights
Based on property information with market context.
This mobile home and RV park property includes an updated home with heating and air conditioning for year-round comfort. Private parking is also provided.
The property is located at 75-520 Pine Ave in Goleta, California, approximately 2 miles from Goleta Beach. Dining, bus lines, bike paths, local parks, and beaches are identified as nearby amenities.
The property is located at 75-520 Pine Ave in Goleta, California, approximately 2 miles from Goleta Beach. Dining, bus lines, bike paths, local parks, and beaches are identified as nearby amenities.
Key Highlights
- Updated home with heating and air conditioning
- Approximately 2 miles from Goleta Beach
- Private parking included
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
$13,612
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
6.33%
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%
$272,240
$272.2K
Cap Rate 7%
$194,457
$194.5K
Cap Rate 9%
$151,244
$151.2K
Market Conditions
NOI Build-Up for 688 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
$25.6K $37.20/SF
− Vacancy
−$845 −$1.23/SF
EGI
$24.7K $35.97/SF
− OpEx
−$11.1K −$16.19/SF
NOI
$13.6K $19.78/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$37.20 /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%
$272,240
Cap Rate 7%
$194,457
Cap Rate 9%
$151,244
Alternative Uses
Best Use
Apartment 5plus
$194.5K
$170.2K – $226.9K
NOI $13,612 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$215.9K
$188.9K – $251.9K
NOI $15,115 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
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 - Updated property with heating, air conditioning, and private parking near beaches, parks, dining, and public transit.
Where is this mobile home & rv park located?
The property is located at 75-520 Pine Ave Goleta, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Updated home with heating and air conditioning; Approximately 2 miles from Goleta Beach; Private parking included
