Senior Manufactured Home in
For Sale
$475,000
819-819 Villa Teresa Way, San Jose, CA 95123
2015 Skyline manufactured home with three bedrooms, dual bathrooms, central AC, and carport parking in an active senior community.
Property Size1,423 SF
Price / SF$333.80
Days on Market113
Property Features for 819-819 Villa Teresa Way
General Information
Standard status
Active
Size
1,423 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
walk-in closet
double sinks
bidet
solid surface
walk-in shower
tub/shower
skylight
built-in gas oven range
is
Building Details
Year Built
2015
Listing Agency:
Corcoran Icon Properties
(408) 997-9999
Listed By:
Roberta Peri · License #1276745
(408) 772-3990
Source:
Exprealty
Added: Jul 2
Changed: Oct 19
Last Checked: Oct 20 at 9:25PM
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 Corcoran Icon Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in San Jose, this 2015 Skyline manufactured home offers three bedrooms, including a walk-in closet, and two full bathrooms with double sinks, bidet, and a walk-in shower design. The guest bathroom includes a tub/shower setup and an energy-efficient skylight. The kitchen features a built-in gas oven range, island, pantry cabinets, dishwasher, garbage disposal, and a hood over the range. Additional interior highlights include 9-foot ceilings with crown molding, ceiling fans, 5-inch baseboards, laminate flooring, dual-pane windows, and a skylight. A washer/dryer is included, and a 40-gallon water heater upgrade was completed in 2023.
Outdoor features include a carport with at least two parking spaces, a large shed for storage, and low-maintenance landscaping with an auto irrigation system plus an artificial grass side-yard option. The Villa Teresa MHP is an active, friendly senior community with 146 homes, including a heated pool and spa, bocce ball, a dog park, a community vegetable garden, and a clubhouse with billiards and pool tables.
Space rent is stated as $1,257 per month and includes San Jose City Rent Control protection.
Outdoor features include a carport with at least two parking spaces, a large shed for storage, and low-maintenance landscaping with an auto irrigation system plus an artificial grass side-yard option. The Villa Teresa MHP is an active, friendly senior community with 146 homes, including a heated pool and spa, bocce ball, a dog park, a community vegetable garden, and a clubhouse with billiards and pool tables.
Space rent is stated as $1,257 per month and includes San Jose City Rent Control protection.
Key Highlights
- 2015 Skyline manufactured home in an active senior community with 3 bedrooms and 2 full bathrooms
- 2 full bathrooms feature double sinks and bidet; guest bath has tub/shower plus energy‑efficient skylight
- Kitchen includes built‑in gas oven range, island, pantry cabinets, dishwasher, garbage disposal, refrigerator, and hood over range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,288
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,760
$585.8K
Cap Rate 7%
$418,400
$418.4K
Cap Rate 9%
$325,422
$325.4K
Market Conditions
NOI Build-Up for 1,423 SF
Gross rent
$56.4K $39.60/SF
− Vacancy
−$3.1K −$2.18/SF
EGI
$53.3K $37.42/SF
− OpEx
−$24.0K −$16.84/SF
NOI
$29.3K $20.58/SF
Area
ZIP 95123
Vacancy
5.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,760
Cap Rate 7%
$418,400
Cap Rate 9%
$325,422
Alternative Uses
Best Use
Apartment 5plus
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$453.2K
$396.5K – $528.7K
NOI $31,722 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 95123, CA
70,040
Population
25,023
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
8,979
Density / Sq Mi
$136,364
Median Household Income
$64,536
Median Earnings
$2,953
Median Rent
$1,108,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 2015 Skyline manufactured home with three bedrooms, dual bathrooms, central AC, and carport parking in an active senior community.
Where is this mobile home & rv park located?
The property is located at 819-819 Villa Teresa Way San Jose, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2015 Skyline manufactured home in an active senior community with 3 bedrooms and 2 full bathrooms; 2 full bathrooms feature double sinks and bidet; guest bath has tub/shower plus energy‑efficient skylight; Kitchen includes built‑in gas oven range, island, pantry cabinets, dishwasher, garbage disposal, refrigerator, and hood over range
