519 W Taylor #267 · Santa Maria, CA 93458

$215,900

2 bd · 2.0 ba · 1,840 sqft · Manufactured public records · 74 Days on market

Built 1981 2,080 sqft lot Est $234k · 8% under

---

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 +27.4/30.0
• ARV discount +10.9/15.0
• DSCR +9.6/10.0
• 1% rule +6.2/10.0
• Livability +3.6/5.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Central Coast! This spacious triple-wide home features a large living area, formal dining room, and a cozy den with fireplace and abundant natural light. The kitchen offers plenty of cabinetry, and all appliances are included. The oversized primary bedroom includes an ensuite bathroom and ample space to relax. Located on a quiet street in the desirable 55+ gated community of Casa Grande mobile home estates, residents enjoy amenities such as a heated pool, spa, clubhouse, billiard room, and a 9-hole pitch-and-putt golf course. Enjoy comfortable living in a peaceful setting with beautiful coastal weather year-round. Financing available for qualified buyers.

Key facts

• 2,080 sq ft lot
• Community pool
• Built 1981

Property features AI

Finance

• Other: Listing agent: Isabel Gerardo; Directions: off Taylor
• Financial info: Land lease of $1,060 per month (seller reported); Manager approval required for park residency; Pets allowed with breed restrictions; Property is a multi-unit triple body type
• HOA & community: Senior community; Park: Casa Grande Mobile Home Estates; Community features include golf course

Exterior

• Parking: Attached carport
• Utilities: Public sewer; District/public water
• Home design: Manufactured/mobile home (12' x 60'); Model: Kaufman/Broad; Single-story; Front-facing entry; Turnkey condition; Termite clearance
• Construction: Composition roof; Pillar/post/pier foundation; Mobile home remains on site; Year built per assessor
• Exterior features: Covered concrete patio; Back yard; Community pool; Wood fencing

Interior

• Flooring: Vinyl; Carpet; Laminate
• Bathrooms: 2 full bathrooms with bathtub and shower
• Heating & cooling: Forced air heating
• Interior features: Front entry; One-level home; Community spa
• Laundry & utility: Laundry in an individual room; Washer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $216k.

Deal economics

• At list price, monthly cash flow is $634 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $216k).
• Recommended offer: $203k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 3.5% in Santa Maria — 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 71/100 on livability (#202 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: schools F, crime F, cost of living F.
• Santa Maria-Bonita (urban): math 26% / reading 34% proficiency, ranked #1,023 of 1,400 in CA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.3%/yr); 56 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 719 units permitted in Santa Barbara County in 2024 (217 in 5+ unit buildings).
• This rent runs 39% of the median local income ($75k/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.
• Santa Barbara County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $60k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y ago 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.
• Current owner paid $158k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,946 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.12% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.59%
• DSCR: 1.56
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $233,680
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
519 W Taylor St Spc 286	0.10mi	2/2.0	1,830 (-0%)	2mo	$215,000	$117	92
519 W Taylor St #216	0.12mi	2/2.0	1,830 (-0%)	3mo	$284,000	$155	92
519 W Taylor St #260	0.07mi	2/2.0	1,830 (-0%)	10mo	$299,000	$163	88
519 W Taylor St #293	0.10mi	2/2.0	1,880 (+2%)	9mo	$172,000	$91	84
519 W Taylor St #209	0.18mi	2/2.0	1,830 (-0%)	19mo	$233,000	$127	75
2155 Sierra Vis	0.29mi	3/2.0 (+1)	1,762 (-4%)	3mo	$305,000	$173	72
519 W Taylor St #371	0.26mi	2/2.0	1,620 (-12%)	6mo	$130,000	$80	63

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 · 2.31% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $3,644
• Equity at exit: $32,191

10-year hold

• IRR: 10.5%
• Equity multiple: 1.79×
• Total profit: $48,048
• Equity at exit: $18,667

Cash invested: $60,452 (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.

Methodology + full state rankings →

ZIP-level market 93458

• Rents YoY: 2.3%
• Active inventory: 56
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,416 medium
• Mortgage (P&I): −$1,132
• Tax from tax record: −$52 /mo · $628/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$507
• Net cashflow: $634

Break-even live

Break-even rent $1,613

Max offer price $215,900

Occupancy floor 69%

Sensitivity live

Price	-10% $756	-5% $695	+0% $634	+5% $573	+10% $512
Rent	-10% $443	-5% $539	+0% $634	+5% $730	+10% $825
Rate	-1.0pp $743	-0.5pp $689	base $634	+0.5pp $578	+1.0pp $521

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: $53,975
• Closing costs: $6,477
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
Lynne Dr Santa Maria, CA	3.0	2.5	1264	$3,000	$2.37	15d	1	1.03mi

Listing history 26 events

1. 2026-06-21
   days on market $215,900 Active 74 DOM
2. 2026-06-18
   days on market $215,900 Active 71 DOM
3. 2026-06-17
   days on market $215,900 Active 70 DOM
4. 2026-06-16
   days on market $215,900 Active 69 DOM
5. 2026-06-15
   days on market $215,900 Active 68 DOM
6. 2026-06-14
   days on market $215,900 Active 66 DOM
7. 2026-06-13
   days on market $215,900 Active 65 DOM
8. 2026-06-10
   days on market $215,900 Active 63 DOM
9. 2026-06-09
   days on market $215,900 Active 62 DOM
10. 2026-06-08
    days on market $215,900 Active 61 DOM
11. 2026-06-07
    days on market $215,900 Active 60 DOM
12. 2026-06-05
    days on market $215,900 Active 57 DOM
13. 2026-06-03
    days on market $215,900 Active 56 DOM
14. 2026-06-02
    days on market $215,900 Active 55 DOM
15. 2026-06-01
    days on market $215,900 Active 54 DOM
16. 2026-05-31
    days on market $215,900 Active 53 DOM
17. 2026-05-30
    days on market $215,900 Active 52 DOM
18. 2026-04-08
    listed $215,900 Active
19. 2026-04-07
    listed $215,900 Active 680-char remark

    Show marketing remark (680 chars)

    Welcome to the Central Coast! This spacious triple-wide home features a large living area, formal dining room, and a cozy den with fireplace and abundant natural light. The kitchen offers plenty of cabinetry, and all appliances are included. The oversized primary bedroom includes an ensuite bathroom and ample space to relax. Located on a quiet street in the desirable 55+ gated community of Casa Grande mobile home estates, residents enjoy amenities such as a heated pool, spa, clubhouse, billiard room, and a 9-hole pitch-and-putt golf course. Enjoy comfortable living in a peaceful setting with beautiful coastal weather year-round. Financing available for qualified buyers.

20. 2022-07-29
    soldstatus $158,500 Closed 824-char remark

    Show marketing remark (824 chars)

    Great Triple Wide Home!! This spacious home features a cozy fireplace in den, with lots of natural lighting, open to the great kitchen. The kitchen provides abundant storage. Separate dining room, and a very large living room. Natural lighting throughout. The Master suite is very impressive, large walk in closet, spacious room will accommodate king bed and dressers and a sitting area to read your books or just relax. Ther laundry room has 2 pantries, plenty of storage cabinets and a sink. The sales price includes the washer, dryer, and newer refigerator. The gated, 55+Casa Grande community offers many amenities, Clubhouse with activities, Heated Pool, Spa, Billiard Room, and a 9 Hole Pitch and Putt Golf Course. With a monthly space rent of only $880.00, don't delay !! Call your agent , SEE AND BUY TODAY!!!

21. 2022-06-10
    status Pending 824-char remark

    Show marketing remark (824 chars)

    Great Triple Wide Home!! This spacious home features a cozy fireplace in den, with lots of natural lighting, open to the great kitchen. The kitchen provides abundant storage. Separate dining room, and a very large living room. Natural lighting throughout. The Master suite is very impressive, large walk in closet, spacious room will accommodate king bed and dressers and a sitting area to read your books or just relax. Ther laundry room has 2 pantries, plenty of storage cabinets and a sink. The sales price includes the washer, dryer, and newer refigerator. The gated, 55+Casa Grande community offers many amenities, Clubhouse with activities, Heated Pool, Spa, Billiard Room, and a 9 Hole Pitch and Putt Golf Course. With a monthly space rent of only $880.00, don't delay !! Call your agent , SEE AND BUY TODAY!!!

22. 2022-05-26
    listed $179,900 Active 824-char remark

    Show marketing remark (824 chars)

    Great Triple Wide Home!! This spacious home features a cozy fireplace in den, with lots of natural lighting, open to the great kitchen. The kitchen provides abundant storage. Separate dining room, and a very large living room. Natural lighting throughout. The Master suite is very impressive, large walk in closet, spacious room will accommodate king bed and dressers and a sitting area to read your books or just relax. Ther laundry room has 2 pantries, plenty of storage cabinets and a sink. The sales price includes the washer, dryer, and newer refigerator. The gated, 55+Casa Grande community offers many amenities, Clubhouse with activities, Heated Pool, Spa, Billiard Room, and a 9 Hole Pitch and Putt Golf Course. With a monthly space rent of only $880.00, don't delay !! Call your agent , SEE AND BUY TODAY!!!

23. 2021-06-16
    historical
24. 2021-06-08
    listed $145,000 Active
25. 2000-05-09
    soldstatus $44,900
26. 2000-03-14
    listed $44,900

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

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $628 · $52/mo
• Projected year-2 tax: $1,641 · $137/mo
• Expected delta: +$1,013/yr (+$84/mo · 161.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥84°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,993
• − Mortgage interest: −$12,094
• − Property taxes: −$628
• − Insurance: −$1,080
• − Repairs & maintenance: −$2,319
• − Management: −$2,319
• − Depreciation: −$6,281
• Taxable income: $4,272
• Est. tax owed @ 24.0%: −$1,025
• After-tax cash flow: $6,585/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.

Schools (NCES district)

• District: Santa Maria-Bonita
• NCES district ID: 0605580
• Math proficiency: 26% ▲ 3.00%
• Reading proficiency: 34% ▲ 3.00%
• Median HH income: $50,959
• Composite: 29.11/100
• National rank: #11891
• State rank: #1023 of 1400 in CA

Livability — Santa Maria

• Score: 71/100
• State rank: #202
• US rank: #6519

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santa Maria, CA
• County: Santa Barbara County · 410,380 people
• City population: 145,655
• Metro: Santa Maria-Santa Barbara, CA
• Population (ZIP): 59,148
• Household income: $75,257
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2583.0

Population outlook (Santa Barbara County) Hauer SSP2

• Today (2025): 484,679 people
• By 2030: 505,323 · +4.3%
• By 2040: 545,783 · +12.6%
• By 2050: 584,263 · +20.5%
• By 2075: 682,586 · +40.8%
• By 2100: 723,188 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (87%)
• Race & ethnicity: Hispanic / Latino 87% Two or more races 41% White 8% Asian 4% Native American 4%
• Hispanic origin (detail): Mexican 83%
• Common ancestry: Lithuanian 1%
• Foreign-born: 40% · Canada, Jamaica
• Languages at home: 21% English-only · Spanish 72% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · Santa Barbara

• 2024 margin: Strong D (+26.7) · D 61.8% · R 35.1% · Other 3.1%
• 2008→2024 swing: +3.8pp toward D · 2008: 22.9pp · 2024: 26.7pp
• All cycles: 2024: D+26.7 2020: D+32.1 2016: D+28.2 2012: D+17.1 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -422.91%
• Current HPI: 347.9281
• Rent YoY: ▲ 2.31%
• Metro: Santa Maria-Santa Barbara, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+380.8% since first listed

9 events — show timeline

• 2026-04-08 Listed $215,900 CRMLS
• 2026-04-07 Listed $215,900 NSBCRMLS
• 2022-07-29 Sold (MLS) $158,500 NSBCRMLS
• 2022-06-10 Pending — NSBCRMLS
• 2022-05-26 Listed $179,900 NSBCRMLS
• 2021-06-16 Listing Removed — NSBCRMLS
• 2021-06-08 Listed $145,000 NSBCRMLS
• 2000-05-09 Sold (MLS) $44,900 NSBCRMLS
• 2000-03-14 Listed $44,900 NSBCRMLS

Property tax history

+0.8%/yr

Latest (2025): $628 · +4.8% YoY. Source: county tax records.