Coastal Community Mobile
For Sale
$399,000
77-77 Creekside Dr, Half Moon Bay, CA 94019
Light-filled 2 bed, 2 bath home within a well-maintained community with a seasonal heated pool and fitness center.
Property Size1,344 SF
Price / SF$296.88
Days on Market129
Property Features for 77-77 Creekside Dr
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Manufactured In Park
Amenities
scenic walking paths
seasonal heated pool
fitness center
Listing Agency:
Compass
(650) 462-1111
Listed By:
Omar Pina
(650) 505-3297
Source:
Exprealty
Added: Apr 30
Changed: Aug 20
Last Checked: Sep 5 at 2:26PM
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 Compass
Investment Insights
Based on property information with market context.
Set in the coastal community of Canada Cove, 77 Creekside Drive offers a 2-bedroom, 2-bath layout with 1,344 square feet of light-filled living space. The oversized primary suite includes a walk-in closet and sliding glass doors opening to a grassy field and walking trail, with views extending toward The Ocean Course at Half Moon Bay Golf Links. Natural light complements the home’s comfortable, functional flow through the main living areas.
The residence is just minutes from the beach and is part of a community that features scenic walking paths, a seasonal heated pool, and a fitness center. The setting is described as a welcoming, well-maintained neighborhood environment in one of Half Moon Bay’s desirable coastal communities.
The residence is just minutes from the beach and is part of a community that features scenic walking paths, a seasonal heated pool, and a fitness center. The setting is described as a welcoming, well-maintained neighborhood environment in one of Half Moon Bay’s desirable coastal communities.
Key Highlights
- 2‑bedroom, 2‑bath home with 1,344 sq ft of light‑filled living space
- Oversized primary suite with walk‑in closet and sliding glass doors opening to a grassy field and walking trail
- Views extending toward The Ocean Course at Half Moon Bay Golf Links
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
$36,580
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
9.17%
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%
$731,600
$731.6K
Cap Rate 7%
$522,571
$522.6K
Cap Rate 9%
$406,444
$406.4K
Market Conditions
NOI Build-Up for 1,344 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
$70.2K $52.20/SF
− Vacancy
−$3.6K −$2.71/SF
EGI
$66.5K $49.49/SF
− OpEx
−$29.9K −$22.27/SF
NOI
$36.6K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /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%
$731,600
Cap Rate 7%
$522,571
Cap Rate 9%
$406,444
Alternative Uses
Best Use
Apartment 5plus
$522.6K
$457.3K – $609.7K
NOI $36,580 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.07M
$934.1K – $1.25M
NOI $74,729 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 94019, CA
15,483
Population
5,849
Households
2.6
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
259
Density / Sq Mi
$153,272
Median Household Income
$72,042
Median Earnings
$1,977
Median Rent
$1,509,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Light-filled 2 bed, 2 bath home within a well-maintained community with a seasonal heated pool and fitness center.
Where is this mobile home & rv park located?
The property is located at 77-77 Creekside Dr Half Moon Bay, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath home with 1,344 sq ft of light‑filled living space; Oversized primary suite with walk‑in closet and sliding glass doors opening to a grassy field and walking trail; Views extending toward The Ocean Course at Half Moon Bay Golf Links
