Affordable Housing in a 55+ Community

First up, Ken introduced a rare budget-friendly gem: a one-bedroom, one-bath unit in a 55+ community priced at just $198,500. That’s practically unheard of in a market like North Park.

The 400-square-foot home, built in 1980, comes with access to a fitness room, billiard room, laundry facilities, and gated parking. Monthly costs fall between $1,200 and $1,300, including a low HOA fee of $255. This setup is ideal for individuals living on Social Security or a pension.

There are a few caveats. Residents must be 55 or older, though buyers don’t have to live there themselves. You can purchase the property and rent it out, as long as your tenant qualifies under the age restrictions.

Ken’s pro tip? Always read the CC&Rs and HOA documentation to avoid unexpected restrictions or rule violations.

Contemporary Dream Home with Bonus Studio

For those with a bigger budget—and a bigger wishlist—Ken also presented a stunning five-bedroom, five-bathroom contemporary home, just across from Balboa Park and Morley Field. Listed at $1.649 million, this 2,500-square-foot beauty was built in 2005 and has since been thoughtfully remodeled.

Key features include:

• 36 solar panels for major energy savings
• Waterfall granite countertops in a gourmet kitchen
• Stainless steel appliances and custom cabinetry
• A detached garage with an upstairs studio (perfect for guests or $1,500–$1,700/month in rental income)
• A master bathroom with a rainfall showerhead and modern spa-like finishes

Ken believes the home will sell quickly, given its high-end touches and unbeatable location near green space and walkable amenities.

Personal Touches Close the Meeting

In true community fashion, the session ended with some lighter moments. Ken got compliments on his sharp new glasses, which—surprise!—came from a three-pack at Costco. A few jokes about breakfast burritos and bargain eyewear rounded out a morning that mixed serious real estate insights with personal charm.

Whether you’re buying your first home, downsizing for retirement, or investing in prime rental potential, North Park’s current listings offer something for everyone. Just don’t forget to read the fine print—or where your Realtor gets his frames.

The post From Bargain to Dream Home: Real Estate Finds in North Park for Every Budget appeared first on ROI TV.

The Entry Point: Affordable Mobile Home in El Cajon

Square Feet: ~500
Bedrooms/Bathrooms: 1 Bed / 1 Bath
Year Built: 2021
Monthly Space Rent: $1,125

This newer mobile home, built in 2021, offers stainless steel appliances, laminate vinyl plank flooring, a full kitchen, and dedicated parking—all within a manageable 500 square feet. Located in El Cajon, the unit is ideal for buyers priced out of the condo market or those seeking simplicity without sacrificing comfort.
With a purchase price of just $64,000 and monthly space rent of $1,125, this option provides an affordable pathway to homeownership. Financing options are available, and monthly payments may be less than renting a traditional apartment in the area. It’s a strong choice for individuals prioritizing affordability, lower maintenance, and flexibility in location.

List Price: $64,000

The Dream Home: Coastal Manufactured Living in Carlsbad

Square Feet: 800
Bedrooms/Bathrooms: 2 Bed / 1 Bath
Year Built: 1968 (remodeled)
Monthly Fees: $360 + $102 Utilities

For those seeking a coastal lifestyle, a remodeled manufactured home in Carlsbad offers panoramic views, access to a 55+ gated community, and an amenity-rich environment including a clubhouse, pool, and spa.
Built in 1968 and fully updated, this 800-square-foot residence combines charm and location. Unlike mobile homes that typically lease land, this manufactured home includes land ownership—a major factor in its $1.5 million valuation. Its proximity to the beach and coastal walkways makes it a rare gem, appealing to retirees or anyone dreaming of relaxed, oceanside living.

List Price: $1,500,000

Understanding the Difference: Mobile vs. Manufactured Homes
The terms mobile and manufactured home are often used interchangeably, but they refer to very different types of housing. Mobile homes are built on trailer bases, registered through the Department of Motor Vehicles, and can be relocated depending on condition and park rules. They may be sold with or without the land they sit on.
Manufactured homes, on the other hand, are built in factories and transported to permanent foundations. These homes are often part of planned communities, and in some cases, include land ownership—making them eligible for traditional real estate financing. Their permanence, added amenities, and ownership structure often lead to higher resale values.

Where Affordability Meets Lifestyle
From a first-time buyer’s perspective, a $64,000 mobile home with modest rent can provide stability in a high-cost region. For those with bigger budgets and a desire for scenic living, a million-dollar manufactured home near the beach offers prestige without the maintenance of a traditional home.
As Ken Kaplan shared in this week’s discussion, choosing between mobile and manufactured homes comes down to lifestyle, location, and financial strategy. Whether you’re looking to save or splurge, San Diego’s market has something unique to offer.

The post San Diego’s Mobile and Manufactured Homes: Budget-Friendly Deals and Coastal Dreams appeared first on ROI TV.