Manufactured Home with Enclosed
For Sale
$430,000
95-1930 W San Marcos Blvd, San Marcos, CA 92069
This 2-bedroom home features an expansive enclosed sunroom, plus a rear bonus room and a wraparound deck.
Property Size1,925 SF
Price / SF$223.38
Days on Market58
Property Features for 95-1930 W San Marcos Blvd
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Manufactured In Park
Amenities
pool
spa
tennis and pickleball courts
putting green
fitness center
clubhouse
Listing Agency:
Onyx Homes
(949) 547-2555
Listed By:
Andrea Castaneda
(805) 679-1683
Source:
Exprealty
Added: Jul 12
Changed: Sep 2
Last Checked: Sep 6 at 1:28PM
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 Onyx Homes
Investment Insights
Based on property information with market context.
Located in Palomar Estates West, a 55+ community in San Marcos, this manufactured home includes 2 bedrooms and an expansive enclosed sunroom designed for year-round indoor-outdoor use. A rear bonus room adds flexible space, and natural light throughout the home contributes to an open, bright feel. Outside, the property offers a wraparound deck and a large private garden area with mature, well-maintained plants and fruit trees.
The home is described as having no side or front neighbor, supporting a heightened sense of privacy within the community. Parking is provided by a large covered carport with ample space.
Residents have access to resort-style amenities mentioned in the listing, including a clubhouse, pool, spa, tennis and pickleball courts, putting green, and a fitness center, along with an active social calendar.
The home is described as having no side or front neighbor, supporting a heightened sense of privacy within the community. Parking is provided by a large covered carport with ample space.
Residents have access to resort-style amenities mentioned in the listing, including a clubhouse, pool, spa, tennis and pickleball courts, putting green, and a fitness center, along with an active social calendar.
Key Highlights
- 2‑bedroom home with an expansive enclosed sunroom and a rear bonus room
- Wraparound deck for outdoor living
- Large private garden area with mature plants and fruit trees
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
$31,985
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
7.44%
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%
$639,700
$639.7K
Cap Rate 7%
$456,929
$456.9K
Cap Rate 9%
$355,389
$355.4K
Market Conditions
NOI Build-Up for 1,925 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
$61.2K $31.80/SF
− Vacancy
−$3.1K −$1.59/SF
EGI
$58.2K $30.21/SF
− OpEx
−$26.2K −$13.59/SF
NOI
$32.0K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
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%
$639,700
Cap Rate 7%
$456,929
Cap Rate 9%
$355,389
Alternative Uses
Best Use
Apartment 5plus
$456.9K
$399.8K – $533.1K
NOI $31,985 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.0K
$771.7K – $1.03M
NOI $61,738 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 92069, CA
49,407
Population
15,687
Households
3.1
Avg Household Size
34
Median Age
35%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
2,671
Density / Sq Mi
$93,065
Median Household Income
$41,634
Median Earnings
$2,078
Median Rent
$714,700
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 - This 2-bedroom home features an expansive enclosed sunroom, plus a rear bonus room and a wraparound deck.
Where is this mobile home & rv park located?
The property is located at 95-1930 W San Marcos Blvd San Marcos, CA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2‑bedroom home with an expansive enclosed sunroom and a rear bonus room; Wraparound deck for outdoor living; Large private garden area with mature plants and fruit trees
