Renovated Manufactured Home with
771 South Palm Avenue Hemet, CA 92543
For Sale
$154,900
Manufactured home in a 55+ community includes a separate 2-bedroom unit and an attached studio with private entrance.
Property Size775 SF
Price / SF$199.87
Days on Market30
Property Features for 771 South Palm Avenue
General Information
Standard status
Active
Size
775 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1965
Listing Agency:
METRO ONE PREMIER REALTY
(909) 754-2808
Listed By:
ROBERT MEADOWS · License #01395359
(909) 754-2808
Source:
Compass
Added: Jun 30
Changed: Jul 27
Last Checked: Jul 28 at 1:23PM
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 METRO ONE PREMIER REALTY
Investment Insights
Based on property information with market context.
Welcome to Sierra Dawn Estates, a 55+ community where you own the land. This completely renovated manufactured home includes a separate 2-bedroom, 1-bath unit, plus an attached studio with its own bath and its own private entrance.
The interior has been updated throughout with a new kitchen, new bathrooms, new hardwood flooring, and new double-pane windows. Additional improvements include soft recessed lighting, new interior and exterior paint, new heating and air systems, and a new indoor stackable washer and dryer. The kitchen includes a new Whirlpool microwave and Whirlpool range.
Sierra Dawn Estates offers a very low HOA fee paid monthly, with four clubhouses featuring heated pools and heated saunas. Financing options are noted in the public remarks. The property is located at 771 South Palm Avenue in Hemet, California.
The interior has been updated throughout with a new kitchen, new bathrooms, new hardwood flooring, and new double-pane windows. Additional improvements include soft recessed lighting, new interior and exterior paint, new heating and air systems, and a new indoor stackable washer and dryer. The kitchen includes a new Whirlpool microwave and Whirlpool range.
Sierra Dawn Estates offers a very low HOA fee paid monthly, with four clubhouses featuring heated pools and heated saunas. Financing options are noted in the public remarks. The property is located at 771 South Palm Avenue in Hemet, California.
Key Highlights
- Manufactured home in a 55+ community (Year built 1965).
- Completely renovated with new kitchen, new bathrooms, new hardwood flooring, and new interior/exterior paint.
- New double‑pane windows throughout and soft recessed lighting throughout.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.3k | $30.00 |
| − Vacancy | −$442 | −$0.57 |
| EGI | $22.8k | $29.43 |
| − OpEx | −$10.3k | −$13.24 |
| NOI | $12.5k | $16.19 |
775 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$179.2K
$156.8K – $209.1K
NOI $12,545 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.2K
$203.2K – $270.9K
NOI $16,252 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Manufactured home in a 55+ community includes a separate 2-bedroom unit and an attached studio with private entrance.
Where is this mobile home & rv park located?
The property is located at 771 South Palm Avenue Hemet, CA.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Manufactured home in a 55+ community (Year built 1965).; Completely renovated with new kitchen, new bathrooms, new hardwood flooring, and new interior/exterior paint.; New double‑pane windows throughout and soft recessed lighting throughout.
