Manufactured Home Residential Income
New
For Sale
$239,000
812 N Loren Avenue 18, Azusa, CA 91702
Manufactured home in a family park with updated interiors, included appliances, and an interior laundry area.
Property Size864 SF
Price / SF$276.62
Days on Market1
Property Features for 812 N Loren Avenue 18
General Information
Standard status
Active
Size
864 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
washer and dryer
camera system
inside laundry
Building Details
Year Built
2015
Buildings
1
Construction
Manufactured Home
Listing Agency:
Real Estate Executives Secure Properties
Listed By:
Joe Lopez · License #01070077
(562) 569-3224
Source:
Kaleorealestate
Added: Sep 4
Last Checked: Sep 4 at 3:11PM
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 Real Estate Executives Secure Properties
Investment Insights
Based on property information with market context.
This residential income property is a manufactured home built in 2015 and positioned within a family park. The 864-square-foot layout includes an open living room with high ceilings, a kitchen with Formica countertops, a newer sink, garbage disposal, updated fixtures, and newer appliances. The home also provides three bedrooms, a full hallway bathroom, and interior laundry facilities.
Wood flooring extends throughout the residence, and a camera system is installed. Washer and dryer units are included. The property is located near schools, shopping, restaurants, and freeways in Azusa, California.
Wood flooring extends throughout the residence, and a camera system is installed. Washer and dryer units are included. The property is located near schools, shopping, restaurants, and freeways in Azusa, California.
Key Highlights
- Manufactured home built in 2015 within a family park
- 864‑square‑foot residence with three bedrooms
- Open living room with high ceilings
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
$13,902
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
5.82%
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%
$278,040
$278.0K
Cap Rate 7%
$198,600
$198.6K
Cap Rate 9%
$154,467
$154.5K
Market Conditions
NOI Build-Up for 864 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
$27.5K $31.80/SF
− Vacancy
−$2.2K −$2.54/SF
EGI
$25.3K $29.26/SF
− OpEx
−$11.4K −$13.17/SF
NOI
$13.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /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%
$278,040
Cap Rate 7%
$198,600
Cap Rate 9%
$154,467
Alternative Uses
Best Use
Apartment 5plus
$198.6K
$173.8K – $231.7K
NOI $13,902 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,381 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured home in a family park with updated interiors, included appliances, and an interior laundry area.
Where is this residential income property located?
The property is located at 812 N Loren Avenue 18 Azusa, CA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Manufactured home built in 2015 within a family park; 864‑square‑foot residence with three bedrooms; Open living room with high ceilings
