Remodeled 55+ Mobile
For Sale
$299,000
87-9200 Westminster Blvd, Westminster, CA 92683
Move-in ready 55+ community mobile home with 2 beds, 2 baths, covered patio, and on-site washer/dryer.
Property Size1,440 SF
Price / SF$207.64
Days on Market75
Property Features for 87-9200 Westminster Blvd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Listing Agency:
First Team Real Estate
Listed By:
Anh Pham · License #02218867
(949) 857-2121
Source:
Exprealty
Added: Jun 25
Changed: Aug 20
Last Checked: Sep 6 at 12:11PM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
This beautifully remodeled, move-in ready mobile home is located in a 55+ community and features an approximately 1,440-square-foot interior with 2 bedrooms and 2 bathrooms. The home includes a fully updated interior with an open layout, plus an in-home washer and dryer. Outside, there is a large covered patio area, along with a spacious side area offering parking for up to 3 vehicles and nearby guest parking.
The property is situated at 9200 Westminster Blvd, Space 87 in Westminster, CA, within a quiet and convenient neighborhood. Residents have access to community amenities including a swimming pool, spa/jacuzzi, clubhouse, fitness center, sauna, laundry facilities, off-street parking, and recreational areas. The public remarks also note easy access to nearby shopping and dining, including Costco, supermarkets, restaurants, and Garden Grove Park.
Space rent is currently approximately $2,137 per month, and new space rent for the buyer may vary; buyer is instructed to verify terms with park management.
The property is situated at 9200 Westminster Blvd, Space 87 in Westminster, CA, within a quiet and convenient neighborhood. Residents have access to community amenities including a swimming pool, spa/jacuzzi, clubhouse, fitness center, sauna, laundry facilities, off-street parking, and recreational areas. The public remarks also note easy access to nearby shopping and dining, including Costco, supermarkets, restaurants, and Garden Grove Park.
Space rent is currently approximately $2,137 per month, and new space rent for the buyer may vary; buyer is instructed to verify terms with park management.
Key Highlights
- 55+ community mobile home at 9200 Westminster Blvd, Space 87, Westminster, CA
- Approximately 1,440 sq ft with 2 bedrooms and 2 bathrooms
- Fully updated, move‑in ready interior with an open and inviting layout
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
$27,486
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
9.19%
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%
$549,720
$549.7K
Cap Rate 7%
$392,657
$392.7K
Cap Rate 9%
$305,400
$305.4K
Market Conditions
NOI Build-Up for 1,440 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
$51.8K $36.00/SF
− Vacancy
−$1.9K −$1.30/SF
EGI
$50.0K $34.70/SF
− OpEx
−$22.5K −$15.62/SF
NOI
$27.5K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /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%
$549,720
Cap Rate 7%
$392,657
Cap Rate 9%
$305,400
Alternative Uses
Best Use
Apartment 5plus
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.7K
$423.2K – $564.3K
NOI $33,857 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
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 - Move-in ready 55+ community mobile home with 2 beds, 2 baths, covered patio, and on-site washer/dryer.
Where is this mobile home & rv park located?
The property is located at 87-9200 Westminster Blvd Westminster, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 55+ community mobile home at 9200 Westminster Blvd, Space 87, Westminster, CA; Approximately 1,440 sq ft with 2 bedrooms and 2 bathrooms; Fully updated, move‑in ready interior with an open and inviting layout
