Mobile Home and RV Park with
For Sale
$699,000
Pending
9584 Avenida Miravilla, Cherry Valley, CA 92223
A manufactured home, detached casita, storage buildings, and leased trailer spaces share the property.
Property Size2,184 SF
Days on Market29
Property Features for 9584 Avenida Miravilla
General Information
Standard status
Pending
Size
2,184 SF
Property subtype
ManufacturedOnLand
Additional Details
Tenant in Place
Yes
Amenities
solar panels
Building Details
Year Built
2019
Listing Agency:
REALTY MASTERS & ASSOCIATES
(909) 303-4500
Listed By:
Erin Rios · License #02075556
(909) 477-9360
Source:
Jackmarealestate
Added: Oct 7
Changed: Nov 3
Last Checked: Nov 4 at 7:52AM
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 REALTY MASTERS & ASSOCIATES
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Investment Insights
Based on property information with market context.
Set on more than an acre, this property includes a 4-bedroom, 2-bath manufactured home built in 2019, a detached studio casita, two storage buildings, and a destination trailer with a deck and its own electrical meter. The home has 21 paid-off solar panels. Designated trailer spaces are also part of the property, with 7 currently leased by the seller.
The property is located at 9584 Avenida Miravilla in Cherry Valley, California. Its mix of residential, storage, and trailer-space components is arranged across the grounds.
The property is located at 9584 Avenida Miravilla in Cherry Valley, California. Its mix of residential, storage, and trailer-space components is arranged across the grounds.
Key Highlights
- More than an acre of land
- 2019 manufactured home with 4 bedrooms and 2 bathrooms
- 21 paid‑off solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,351
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,020
$707.0K
Cap Rate 7%
$505,014
$505.0K
Cap Rate 9%
$392,789
$392.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$65.5K $30.00/SF
− Vacancy
−$1.2K −$0.57/SF
EGI
$64.3K $29.43/SF
− OpEx
−$28.9K −$13.24/SF
NOI
$35.4K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,020
Cap Rate 7%
$505,014
Cap Rate 9%
$392,789
Alternative Uses
Best Use
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,351 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.3K
$572.5K – $763.3K
NOI $45,800 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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Business Placement
Demographics for 92223, CA
59,924
Population
20,579
Households
2.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
45.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$100,462
Median Household Income
$50,162
Median Earnings
$1,496
Median Rent
$458,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - A manufactured home, detached casita, storage buildings, and leased trailer spaces share the property.
Where is this mobile home & rv park located?
The property is located at 9584 Avenida Miravilla Cherry Valley, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: More than an acre of land; 2019 manufactured home with 4 bedrooms and 2 bathrooms; 21 paid‑off solar panels
