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1441 Paso Real Ave #148
B Composite 74.36
Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +11.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +5.9/10.0
  • Rent growth +5.0/5.0
  • Condition / age +4.0/5.0
  • Appreciation +2.5/10.0
  • Livability +2.5/5.0
  • Manufactured-home adj. -6.5

$188,000

1441 Paso Real Ave #148 · Rowland Heights, CA 91748
4 bd · 2.0 ba · 1,488 sqft · Manufactured public records · 47 Days on market
Manufactured home Built 1974 Good condition 3,500 sqft lot $126/sqft · 8% below area Est $204k · 8% under ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Featuring an exceptionally open and spacious floor plan, this home boasts an abundance of windows that flood the interior with natural light; the oversized living room offers delightful views. Living Area: 1,488 square feet (62 ft x 24 ft). The property includes a charming front porch. The exquisite kitchen is equipped with a stove and ample cabinetry for storage. A formal dining area features built-in cabinets. The warm and inviting master bathroom includes both a separate shower stall and a bathtub. The interior floorings are laminate and vinyl flooring. an indoor laundry area, and is equipped with a central air conditioning and heating system.

Key facts

  • Clubhouse
  • Community pool
  • Indoor laundry room

Tags

DOUBLE-WIDE MANUFACTURED HOMEINDOOR LAUNDRY ROOMENCLOSED PATIOCOMMUNITY POOLCLUBHOUSEACCESS TO 60 AND 57 FREEWAYS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath manufactured listed at $188k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $989 ($12k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $188k).
  • Recommended offer: $182k (3.0% below list) — sets the bar for market timing.
  • Cap rate 12.6% vs local median 2.5% in Rowland Heights — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 50/100 on livability (#1,123 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A; Watch: crime C-, amenities F, commute F.
  • Rowland Unified (suburban): math 40% / reading 62% proficiency, ranked #134 of 517 in CA (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Jellick Elementary (382 students, 82% FRL); Alvarado Intermediate (648 students, 73% FRL); John A. Rowland High (math 49% / reading 68%, grade C, #223 of 1,170 statewide, top 19%, 2,025 students, 67% FRL) — zoned schools average 74% FRL vs 56% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+10.3%/yr); 108 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 67d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 77% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
  • This rent runs 42% of the median local income ($83k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
  • Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 8.0% rent growth), your $53k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 47 days — a 3% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $182,360 (3.0% below list)

Questions for the listing agent

  1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.54%
Cap rate
12.60%
Cash-on-cash
22.54%
DSCR
2.00
GRM
5.4

CMA / ARV

ARV (median comp)
$203,730
List price
$188,000
Delta
-7.23%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1441 Paso Real Ave #203 0.00mi 4/2.0 1,493 (+0%) 5mo $230,000 $154 95
1441 Paso Real #312 0.00mi 3/2.0 (-1) 1,536 (+3%) 1mo $190,000 $124 89
1441 Paso Real Ave #246 0.00mi 4/3.0 1,440 (-3%) 2mo $210,000 $146 89
1441 S Paso Real Ave #27 0.00mi 4/2.0 1,440 (-3%) 7mo $195,000 $135 89
1441 Paso Real Ave #327 0.00mi 3/2.0 (-1) 1,440 (-3%) 3mo $200,000 $139 87
1441 Paso Real Ave #119 0.00mi 3/2.0 (-1) 1,392 (-6%) 6mo $220,000 $158 79
1441 S Paso Real Ave #156 0.00mi 4/2.0 1,308 (-12%) 2mo $185,000 $141 79
1441 S Paso Real Ave #220 0.00mi 3/2.0 (-1) 1,680 (+13%) 2mo $241,000 $143 72
1441 Paso Real Ave #271 0.09mi 5/4.0 (+1) 1,440 (-3%) 7mo $238,000 $165 71
1560 Otterbein Ave #12 0.56mi 3/2.0 (-1) 1,414 (-5%) 6mo $365,000 $258 56
1560 S Otterbein Ave #113 0.56mi 3/2.0 (-1) 1,568 (+5%) 5mo $308,000 $196 56
1560 S Otterbein Ave #122 0.56mi 3/2.0 (-1) 1,620 (+9%) 1mo $300,000 $185 53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
20.9%
Equity multiple
1.91×
Total profit
$47,849
Equity at exit
$28,031
10-year hold
IRR
32.3%
Equity multiple
4.66×
Total profit
$192,579
Equity at exit
$16,255

Cash invested: $52,640 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
18 active · 10 under contract
Months of supply
9.8 mo (10%/mo absorbed)
Median asking
$199,994 ($156/sqft)
Median days on market
87 d
This list price
28% of active listings are priced below it
ARV vs active asking
-12.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 91748

Rents YoY
10.3%
Active inventory
108
Price-to-rent
5.4×

Monthly cashflow live

Estimated rent
$2,896 high interval (Pro) →
Mortgage (P&I)
$986
Tax est. 1.5%
$235 /mo · $2,820/yr
Insurance
$78
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$608
Net cashflow
$989

Break-even live

Break-even rent $1,645
Max offer price $188,000
Occupancy floor 61%

Sensitivity live

Price -10% $1,119 -5% $1,054 +0% $989 +5% $924 +10% $859
Rent -10% $760 -5% $874 +0% $989 +5% $1,103 +10% $1,217
Rate -1.0pp $1,083 -0.5pp $1,036 base $989 +0.5pp $940 +1.0pp $890

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$47,000
Closing costs
$5,640
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1620 Greenport Ave Unit A Rowland Heights, CA 4.0 2.0 1313 $3,550 $2.70 25d 1 0.11mi
1620 Greenport Ave Rowland Heights, CA 4.0 2.0 1313 $3,300 $2.51 10d 1 0.11mi
18617 Trot Ave Rowland Heights, CA 3.0 2.0 1251 $3,350 $2.68 66d 1 0.33mi
1809 Paso Real Ave Rowland Heights, CA 4.0 2.0 1259 $3,500 $2.78 73d 1 0.33mi
1808 Santa Ysabela Dr Rowland Heights, CA 4.0 2.0 1175 $3,500 $2.98 70d 1 0.41mi
1810 Jellick Ave Rowland Heights, CA 5.0 3.5 1630 $4,800 $2.94 40d 1 0.46mi
1316 Raleo Ave Rowland Heights, CA 4.0 2.0 1200 $5,000 $4.17 64d 1 0.52mi
18417 Santar St Rowland Heights, CA 4.0 2.0 1142 $3,300 $2.89 66d 1 0.52mi
19231 Tranbarger St Rowland Heights, CA 3.0 2.0 1170 $3,200 $2.74 93d 1 0.62mi
18573 Farjardo St Rowland Heights, CA 3.0 2.0 1300 $3,750 $2.88 93d 1 0.74mi
18658 Mescalero St Rowland Heights, CA 3.0 2.0 1352 $3,800 $2.81 71d 1 0.78mi
19319 Pilario St Rowland Heights, CA 4.0 2.0 1480 $3,750 $2.53 93d 1 0.80mi
2240 Electra Ave Rowland Heights, CA 3.0 2.0 1256 $3,200 $2.55 30d 1 0.99mi
2415 Los Padres Dr Rowland Heights, CA 3.0 2.0 1120 $3,300 $2.95 66d 1 1.00mi
2243 Otterbein Ave Rowland Heights, CA 3.0 2.0 1286 $3,600 $2.80 93d 1 1.01mi
18626 Barroso St Rowland Heights, CA 3.0 2.0 1446 $3,600 $2.49 19d 1 1.04mi
18626 Barroso St Rowland Heights, CA 3.0 2.0 1446 $3,890 $2.69 52d 1 1.04mi
19530 Springport Dr Rowland Heights, CA 5.0 2.0 1600 $3,499 $2.19 93d 1 1.12mi
4037 S Ellesford Ave West Covina, CA 4.0 2.0 1790 $4,195 $2.34 14d 1 1.13mi
1862 Hollandale Ave Rowland Heights, CA 4.0 2.0 1588 $4,250 $2.68 66d 1 1.13mi
18448 La Guardia St Rowland Heights, CA 4.0 2.0 1386 $6,900 $4.98 0d 1 1.15mi
19358 Alcona St Rowland Heights, CA 4.0 2.0 1613 $3,950 $2.45 93d 1 1.16mi
18814 Elizondo St La Puente, CA 3.0 2.0 1268 $3,800 $3.00 4d 1 1.17mi
684 Panorama Ln La Puente, CA 3.0 3.5 1683 $3,600 $2.14 70d 1 1.17mi
684 Panorama Ln La Puente, CA 3.0 3.5 1683 $3,600 $2.14 66d 1 1.17mi
2143 Arcdale Ave Rowland Heights, CA 3.0 2.0 1386 $3,500 $2.53 73d 1 1.20mi
19307 Oakview Ln Rowland Heights, CA 4.0 2.0 1789 $3,850 $2.15 93d 1 1.26mi
2454 Hillman Ln Rowland Heights, CA 3.0 2.5 1506 $3,800 $2.52 93d 1 1.39mi
2448 Cuatro Dr Rowland Heights, CA 4.0 2.0 1559 $3,850 $2.47 8d 1 1.45mi
2640 Batson Ave Unit A La Puente, CA 4.0 2.0 1800 $3,600 $2.00 43d 1 1.45mi

Property features AI

Finance

Other
Mobile home remains on propertyEstimated living area and lot sizeMobile dimensions approximately 24 ft wide by 62 ft long
Financial info
Land lease (current) with annual amount $1,490.05
HOA & community
Part of an associationPark name: Rowland EstateSidewalks in the communityManager approval requiredPets allowed

Exterior

Parking
Attached carportParking available in Rowland Estate community
Utilities
Public sewerDistrict/public water
Home design
Mobile home (model 4563A)Double-wide body typeSingle-story
Construction
Pillar/post/pier foundation with pier jacks
Exterior features
Enclosed patioAwningShedCommunity pool

Interior

Kitchen
Gas range and gas ovenDishwasherVented exhaust fanGas water heater
Flooring
Laminate flooring
Bathrooms
2 full bathrooms
Heating & cooling
Central furnace heatingCentral air conditioning
Interior features
One-level homeGround-level entry with stepsLiving roomFamily room
Laundry & utility
Inside laundryGas dryer hookup

Listing history 40 events

  1. 2026-08-08
    days on market $188,000 Active 47 DOM
  2. 2026-08-06
    days on market $188,000 Active 45 DOM
  3. 2026-08-05
    days on market $188,000 Active 44 DOM
  4. 2026-08-04
    days on market $188,000 Active 43 DOM
  5. 2026-08-03
    days on market $188,000 Active 42 DOM
  6. 2026-07-31
    days on market $188,000 Active 39 DOM
  7. 2026-07-30
    days on market $188,000 Active 37 DOM
  8. 2026-07-28
    days on market $188,000 Active 36 DOM
  9. 2026-07-26
    days on market $188,000 Active 34 DOM
  10. 2026-07-24
    days on market $188,000 Active 32 DOM
  11. 2026-07-23
    days on market $188,000 Active 31 DOM
  12. 2026-07-22
    days on market $188,000 Active 30 DOM
  13. 2026-07-21
    days on market $188,000 Active 29 DOM
  14. 2026-07-20
    days on market $188,000 Active 28 DOM
  15. 2026-07-18
    days on market $188,000 Active 26 DOM
  16. 2026-07-18
    days on market $188,000 Active 25 DOM
  17. 2026-07-16
    days on market $188,000 Active 24 DOM
  18. 2026-07-15
    days on market $188,000 Active 23 DOM
  19. 2026-07-14
    days on market $188,000 Active 22 DOM
  20. 2026-07-13
    days on market $188,000 Active 21 DOM
  21. 2026-07-13
    days on market $188,000 Active 20 DOM
  22. 2026-07-11
    days on market $188,000 Active 19 DOM
  23. 2026-07-10
    days on market $188,000 Active 18 DOM
  24. 2026-07-09
    days on market $188,000 Active 17 DOM
  25. 2026-07-07
    days on market $188,000 Active 15 DOM
  26. 2026-07-06
    days on market $188,000 Active 14 DOM
  27. 2026-07-06
    days on market $188,000 Active 13 DOM
  28. 2026-07-05
    days on market $188,000 Active 12 DOM
  29. 2026-07-03
    days on market $188,000 Active 11 DOM
  30. 2026-07-02
    days on market $188,000 Active 10 DOM
  31. 2026-07-01
    days on market $188,000 Active 9 DOM
  32. 2026-06-30
    days on market $188,000 Active 8 DOM
  33. 2026-06-29
    days on market $188,000 Active 7 DOM
  34. 2026-06-28
    days on market $188,000 Active 6 DOM
  35. 2026-06-27
    days on market $188,000 Active 5 DOM
  36. 2026-06-26
    days on market $188,000 Active 4 DOM
  37. 2026-06-24
    pricestatusdays on marketlisting id $188,000 Active 2 DOM
  38. 2026-05-18
    historical
  39. 2026-05-12
    price $189,000
  40. 2026-05-04
    listed $199,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 2/10 Low
  • 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 14 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$34,752
− Mortgage interest
−$10,531
− Property taxes
−$2,820
− Insurance
−$940
− Repairs & maintenance
−$2,780
− Management
−$2,780
− Depreciation
−$5,469
Taxable income
$9,432
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,264
After-tax cash flow
$9,600/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab Est. rehab $7,440–$22,320 screening

This manufactured home is in good condition with a good condition score of 80. It has a good kitchen, bathrooms, roof, exterior, flooring, and systems. The home is ready for a cosmetic rehab to enhance its curb appeal and value.

Value-add opportunities

  • Both Paint the exterior siding — Painting the exterior siding can enhance curb appeal and increase the home's value.
  • Both Clean the windows — Clean windows improve natural light and make the home appear more inviting to potential buyers or renters.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 58/100

Zoned Schools

Elementary Jellick Elementary Middle Alvarado Intermediate High John A. Rowland High C CA #223/1,170 Nat'l #3,934/17,239

Schools (NCES district)

District
Rowland Unified
NCES district ID
0633750
Math proficiency
40% ▼ -1.00%
Reading proficiency
62% ▲ 11.00%
Median HH income
$63,667
Composite
44.83/100
National rank
#2733
State rank
#134 of 517 in CA
D Composite livability gradescore 50/100

Livability — Rowland Heights

Score
50/100
State rank
#1123
US rank
#25637

Category grades

Amenities F Commute F Cost of living F Crime C- Employment A Housing C Health & safety D- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Rowland Heights, CA
County
Los Angeles County · 10,940,515 people
City population
42,463
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
42,463
Household income
$83,428
Rent vs Own
33.4% rent · 66.6% own
Severe rent burden
11% of renters

Population outlook (Los Angeles County) Hauer SSP2

Today (2025)
10,940,515 people
By 2030
11,256,481 · +2.9%
By 2040
11,729,929 · +7.2%
By 2050
11,948,407 · +9.2%
By 2075
11,818,114 · +8.0%
By 2100
10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Majority Asian (59%)
Race & ethnicity
Asian 59% Hispanic / Latino 31% Two or more races 6% White 6% Black 1%
Hispanic origin (detail)
Mexican 25%
Foreign-born
55% · China, Canada, South Korea
Languages at home
25% English-only · Chinese 37% Spanish 22% Tagalog/Filipino 5%

Political lean MEDSL · Los Angeles

2024 margin
Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
2008→2024 swing
-7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
All cycles
2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

Civics

Price history

-6.0% since first listed
4 events — show timeline
  • 2026-06-22 Listed $188,000 CRMLS
  • 2026-05-18 Listing Removed CRMLS
  • 2026-05-12 Price Changed $189,000 CRMLS
  • 2026-05-04 Listed $199,900 CRMLS

Property tax history

+8.2%/yr

Latest (2025): $375 · +8.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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