Residential Income Property, One
For Sale
$99,999
8-12753 Sierra Hwy, Santa Clarita, CA 91390
The never-occupied manufactured home includes laminate flooring and is located within a residential park setting.
Property Size499 SF
Price / SF$200.40
Days on Market814
Property Features for 8-12753 Sierra Hwy
General Information
Standard status
Active
Size
499 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x One Bedroom
Multifamily Units
1
Building Details
Construction
Manufactured Home
Listing Agency:
Realty Executives SCV
Listed By:
Gail Kopp · License #01059833
(661) 313-4062
Source:
Exprealty
Added: Jun 13, 2024
Changed: Aug 31
Last Checked: Sep 4 at 10:43AM
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 Realty Executives SCV
Investment Insights
Based on property information with market context.
Space 8 is a one-bedroom manufactured home that has never been occupied. Laminate flooring is installed throughout the unit, providing a defined interior finish for residential use.
The property is located at 8-12753 Sierra Hwy in Santa Clarita, California. Canyon Country markets, restaurants, and gas stations are approximately a 15-minute drive away, with access to the 14 Freeway also noted in the surrounding context.
The property is located at 8-12753 Sierra Hwy in Santa Clarita, California. Canyon Country markets, restaurants, and gas stations are approximately a 15-minute drive away, with access to the 14 Freeway also noted in the surrounding context.
Key Highlights
- Space 8 at 8‑12753 Sierra Hwy, Santa Clarita, CA 91390
- One‑bedroom manufactured home
- Never occupied
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
$7,548
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
7.55%
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%
$150,960
$151.0K
Cap Rate 7%
$107,829
$107.8K
Cap Rate 9%
$83,867
$83.9K
Market Conditions
NOI Build-Up for 499 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
$14.4K $28.80/SF
− Vacancy
−$647 −$1.30/SF
EGI
$13.7K $27.50/SF
− OpEx
−$6.2K −$12.38/SF
NOI
$7.5K $15.13/SF
Area
Santa Clarita, CA
Vacancy
4.50%
Lease Rate
$28.80 /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%
$150,960
Cap Rate 7%
$107,829
Cap Rate 9%
$83,867
Alternative Uses
Best Use
Apartment 5plus
$107.8K
$94.4K – $125.8K
NOI $7,548 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$125.1K
$109.4K – $145.9K
NOI $8,754 @ 7.0% cap · market cap 8.75%
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
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 91390, CA
20,128
Population
6,673
Households
3
Avg Household Size
43
Median Age
41%
College-Educated
94%
High-School Grad
158.1 sq mi
ZIP Area
127
Density / Sq Mi
$143,963
Median Household Income
$70,122
Median Earnings
$2,282
Median Rent
$843,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The never-occupied manufactured home includes laminate flooring and is located within a residential park setting.
Where is this residential income property located?
The property is located at 8-12753 Sierra Hwy Santa Clarita, CA.
What is the asking price?
The asking price for this property is $99,999.
What are key features of this property?
This property features: Space 8 at 8‑12753 Sierra Hwy, Santa Clarita, CA 91390; One‑bedroom manufactured home; Never occupied
