Remodeled Manufactured Home with
88-1251 E Lugonia Ave Redlands, CA 92374
For Sale
$220,000
Pending
Remodeled open-concept manufactured home with plantation shutters, ceiling fans, a deck, and an electrically wired detached storage shed.
Property Size1,248 SF
Days on Market40
Property Features for 88-1251 E Lugonia Ave
General Information
- Standard status
- Pending
- Size
- 1,248 SF
- Property subtype
- Manufactured In Park
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
(951) 443-6571
Listed By:
ANTONIO VILLARI
(951) 443-6571
Source:
Exprealty
Added: Jun 17
Changed: Jul 25
Last Checked: Jul 25 at 2:07AM
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 BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Investment Insights
Based on property information with market context.
This beautifully maintained manufactured home features an open-concept floor plan and a kitchen that has been remodeled by the current owner. Plantation shutters have been installed throughout most of the home, and ceiling fans are present in every room, supporting year-round comfort and air circulation. Additional support and stabilization include extra leveling jacks beneath the home.
Outside, the property offers a deck with multiple areas suitable for relaxing, dining, and weekend grilling. A detached storage shed is also included and comes with electrical wiring.
Located in a well-established community in Redlands, the home is described as being conveniently positioned near shopping, dining, restaurants, and freeway access, making it move-in ready for comfortable everyday use.
Outside, the property offers a deck with multiple areas suitable for relaxing, dining, and weekend grilling. A detached storage shed is also included and comes with electrical wiring.
Located in a well-established community in Redlands, the home is described as being conveniently positioned near shopping, dining, restaurants, and freeway access, making it move-in ready for comfortable everyday use.
Key Highlights
- Remodeled open‑concept manufactured home in Redlands
- Kitchen remodeled by the current owner
- Plantation shutters installed throughout most of the home
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $17.16 |
| − Vacancy | −$1.3k | −$1.06 |
| EGI | $20.1k | $16.10 |
| − OpEx | −$9.0k | −$7.24 |
| NOI | $11.0k | $8.85 |
1,248 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$157.8K
$138.1K – $184.1K
NOI $11,048 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.2K
$230.3K – $307.1K
NOI $18,427 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Remodeled open-concept manufactured home with plantation shutters, ceiling fans, a deck, and an electrically wired detached storage shed.
Where is this mobile home & rv park located?
The property is located at 88-1251 E Lugonia Ave Redlands, CA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Remodeled open‑concept manufactured home in Redlands; Kitchen remodeled by the current owner; Plantation shutters installed throughout most of the home
