Renovated Senior Mobile
For Sale
$420,000
99-2201 Lake Side Dr, La Habra, CA 90631
Renovated 2 bed, 2 bath senior mobile home with wheelchair-accessible shower and included appliances for a move-in-ready setup.
Property Size1,488 SF
Price / SF$282.26
Days on Market116
Property Features for 99-2201 Lake Side Dr
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Manufactured In Park
Listing Agency:
Eva Raleigh, Broker
Listed By:
Eva Raleigh · License #01826907
(714) 632-1646
Source:
Exprealty
Added: May 13
Changed: Aug 20
Last Checked: Sep 5 at 2:38PM
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 Eva Raleigh, Broker
Investment Insights
Based on property information with market context.
Situated at 99-2201 Lake Side Dr in La Habra, this renovated senior (55+) mobile home offers two bedrooms and two bathrooms with interior drywall and updated finishes throughout. The home features crown molding and granite countertops, and the open-concept kitchen includes a large center island designed for everyday cooking and entertaining. Appliances are included, supporting a move-in-ready transition.
Both bathrooms have been updated for modern convenience and style. The primary bathroom includes a wheelchair-accessible shower, combining accessibility with the property’s refreshed interior details.
Aesthetically and functionally, the layout emphasizes the kitchen as a central gathering space, with generous comfort in both bedrooms and updated finishes in every bathroom.
Both bathrooms have been updated for modern convenience and style. The primary bathroom includes a wheelchair-accessible shower, combining accessibility with the property’s refreshed interior details.
Aesthetically and functionally, the layout emphasizes the kitchen as a central gathering space, with generous comfort in both bedrooms and updated finishes in every bathroom.
Key Highlights
- Renovated 2‑bedroom, 2‑bath senior mobile home
- Primary bathroom includes a wheelchair‑accessible shower
- Drywall interiors and crown molding
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
$28,402
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
6.76%
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%
$568,040
$568.0K
Cap Rate 7%
$405,743
$405.7K
Cap Rate 9%
$315,578
$315.6K
Market Conditions
NOI Build-Up for 1,488 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
$53.6K $36.00/SF
− Vacancy
−$1.9K −$1.30/SF
EGI
$51.6K $34.70/SF
− OpEx
−$23.2K −$15.62/SF
NOI
$28.4K $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%
$568,040
Cap Rate 7%
$405,743
Cap Rate 9%
$315,578
Alternative Uses
Best Use
Apartment 5plus
$405.7K
$355.0K – $473.4K
NOI $28,402 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K
NOI $34,985 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
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 - Renovated 2 bed, 2 bath senior mobile home with wheelchair-accessible shower and included appliances for a move-in-ready setup.
Where is this mobile home & rv park located?
The property is located at 99-2201 Lake Side Dr La Habra, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Renovated 2‑bedroom, 2‑bath senior mobile home; Primary bathroom includes a wheelchair‑accessible shower; Drywall interiors and crown molding
