Updated 2-Bedroom Mobile
For Sale
$145,000
8-12700 2nd St, Yucaipa, CA 92399
Two-bath residence in a 55+ community with refreshed interiors and contemporary finishes.
Property Size800 SF
Price / SF$181.25
Days on Market20
Property Features for 8-12700 2nd St
General Information
Standard status
Active
Size
800 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$145,000
Building Details
Buildings
1
Listing Agency:
COLDWELL BANKER KIVETT-TEETERS
(909) 717-7381
Listed By:
Michelle Pratt · License #01433324
(909) 717-7381
Source:
Exprealty
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 9:12PM
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 COLDWELL BANKER KIVETT-TEETERS
Investment Insights
Based on property information with market context.
This 800-square-foot mobile home offers two bedrooms and two bathrooms in Grandview West, a 55+ community in Yucaipa. Interior improvements include new flooring, recessed lighting, updated bathrooms, and a renovated kitchen with modern finishes. The residence is presented as move-in ready, with updates extending throughout the home from the floors to the ceilings.
Located in Grandview West, the property combines a residential layout with an age-restricted community setting. The home’s refreshed interior, two-bath configuration, and completed improvements provide a finished alternative to a property requiring additional renovation.
Located in Grandview West, the property combines a residential layout with an age-restricted community setting. The home’s refreshed interior, two-bath configuration, and completed improvements provide a finished alternative to a property requiring additional renovation.
Key Highlights
- 800 SF mobile home with 2 bedrooms and 2 bathrooms
- Located in Grandview West, a 55+ community in Yucaipa
- Updated kitchen with modern finishes
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
$7,082
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
4.88%
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%
$141,640
$141.6K
Cap Rate 7%
$101,171
$101.2K
Cap Rate 9%
$78,689
$78.7K
Market Conditions
NOI Build-Up for 800 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
$13.7K $17.16/SF
− Vacancy
−$851 −$1.06/SF
EGI
$12.9K $16.10/SF
− OpEx
−$5.8K −$7.24/SF
NOI
$7.1K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /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%
$141,640
Cap Rate 7%
$101,171
Cap Rate 9%
$78,689
Alternative Uses
Best Use
Apartment 5plus
$101.2K
$88.5K – $118.0K
NOI $7,082 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$168.7K
$147.7K – $196.9K
NOI $11,812 @ 7.0% cap · market cap 8.15%
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
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 92399, CA
55,794
Population
19,382
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
89%
High-School Grad
53.6 sq mi
ZIP Area
1,041
Density / Sq Mi
$94,718
Median Household Income
$46,011
Median Earnings
$1,658
Median Rent
$472,400
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 - Two-bath residence in a 55+ community with refreshed interiors and contemporary finishes.
Where is this mobile home & rv park located?
The property is located at 8-12700 2nd St Yucaipa, CA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 800 SF mobile home with 2 bedrooms and 2 bathrooms; Located in Grandview West, a 55+ community in Yucaipa; Updated kitchen with modern finishes
