Brand-New 2BR Residential
For Sale
$129,950
A76-145 South St, San Luis Obispo, CA 93401
Brand-new 2-bedroom, 1-bath home with monthly space rent of $895 per month.
Property Size520 SF
Price / SF$249.90
Days on Market72
Property Features for A76-145 South St
General Information
Standard status
Active
Size
520 SF
Property subtype
Manufactured In Park
Listing Agency:
Harmony Communities
(209) 932-8747
Listed By:
BRUCE DAVIES · License #00479461
(209) 670-6264
Source:
Exprealty
Added: Jul 3
Changed: Sep 6
Last Checked: Sep 11 at 3:13PM
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 Harmony Communities
Investment Insights
Based on property information with market context.
This brand-new 2-bedroom, 1-bath home offers a functional layout designed to support everyday living, including use as a small family home or a student room-share setup. The property is listed for sale and is supported by an existing space-rent arrangement.
The home is located at A76-145 South St in San Luis Obispo, California. Space rent is $895 per month, which can be an important factor for budgeting and underwriting for buyers evaluating residential income potential tied to the on-site space.
As presented, the key details are the new construction condition, the 2-bedroom/1-bath configuration, and the monthly space rent amount. Prospective buyers should confirm the space-rent terms and any associated rules and restrictions as part of their due diligence.
The home is located at A76-145 South St in San Luis Obispo, California. Space rent is $895 per month, which can be an important factor for budgeting and underwriting for buyers evaluating residential income potential tied to the on-site space.
As presented, the key details are the new construction condition, the 2-bedroom/1-bath configuration, and the monthly space rent amount. Prospective buyers should confirm the space-rent terms and any associated rules and restrictions as part of their due diligence.
Key Highlights
- Brand‑new 2‑bedroom, 1‑bath home
- Monthly space rent is $895 per month
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
$10,039
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
7.73%
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%
$200,780
$200.8K
Cap Rate 7%
$143,414
$143.4K
Cap Rate 9%
$111,544
$111.5K
Market Conditions
NOI Build-Up for 520 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
$18.7K $36.00/SF
− Vacancy
−$468 −$0.90/SF
EGI
$18.3K $35.10/SF
− OpEx
−$8.2K −$15.80/SF
NOI
$10.0K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
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%
$200,780
Cap Rate 7%
$143,414
Cap Rate 9%
$111,544
Alternative Uses
Best Use
Apartment 5plus
$143.4K
$125.5K – $167.3K
NOI $10,039 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$204.5K
$179.0K – $238.6K
NOI $14,316 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Brand-new 2-bedroom, 1-bath home with monthly space rent of $895 per month.
Where is this mobile home & rv park located?
The property is located at A76-145 South St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $129,950.
What are key features of this property?
This property features: Brand‑new 2‑bedroom, 1‑bath home; Monthly space rent is $895 per month
