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1045 N Azusa #145
B+ Composite 76.12
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 +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +5.0/5.0
  • Schools +4.4/10.0
  • Livability +3.6/5.0
  • Appreciation +2.5/10.0
  • Condition / age +2.2/5.0
  • Manufactured-home adj. -6.6

$60,000

1045 N Azusa #145 · Covina, CA 91722
2 bd · 1.0 ba · 648 sqft · Manufactured public records · 13 Days on market
Manufactured home Built 1970 Fair condition $93/sqft · 45% below area Est $110k · 45% under

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

Listing remarks MLS

Beautifully maintained home with lovely well-planned layout. It makes you feel comfortable and welcomed. The open space features the kitchen, dining area, and living area. The two bedrooms are on each end of the home: One on the west end and one on the East end of the home. The well-designed kitchen is small however very functional is on the east side. The living and dining areas are in the center of the home and the sliding glass door allows natural lighting in. This door leads out into an area where you can bbq or set up a seating area with an umbrella and enjoy after a hard day's work. The mobile home park has a car wash and a library. Starlite Estates Mobile Home Park a cozy community of 250 homes situated in the north part of Covina. It is behind Vintage Walk, an antique shop and El Tepeyac is next to Vintage Walk. Costco's OutLet store is on Azusa and Arrow Hwy and there is a bus stop on Azusa and Covina Bl. It is between the 210 and 10 freeways and close to eateries and shopping. It is calling you to come to see it and call home for the summer.

Key facts

  • Laundry facilities
  • Community amenities
  • Car wash area

Tags

COVERED PATIOCOMMUNITY AMENITIESBEAUTIFUL POOLEXERCISE FITNESS CENTERLAUNDRY FACILITIESCAR WASH AREA

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 2-bed/1.0-bath manufactured listed at $60k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $951 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $60k).
  • Cap rate 25.3% vs local median 2.2% in Covina — 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 72/100 on livability (#181 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime C-, health & safety C-, cost of living F.
  • Covina-Valley Unified (suburban): math 39% / reading 55% proficiency, ranked #462 of 1,400 in CA (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Las Palmas Middle (802 students, 77% FRL); Northview High (1,292 students, 71% FRL) — zoned schools average 74% FRL vs 53% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+12.9%/yr); 115 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 81d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
  • 8 sale attempts since 6y 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.
Recommended offer $60,000

Questions for the listing agent

  1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  2. Built in 1970 — 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
2.76% ✓
Cap rate
25.31%
Cash-on-cash
67.90%
DSCR
4.02
GRM
3.0

CMA / ARV

ARV (median comp)
$110,000
List price
$60,000
Delta
-45.45%
Verdict
UNDERPRICED
Comps
3 within 2.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
16719 E Renwick Rd 1.05mi 2/1.0 630 (-3%) 18mo $632,000 $1,003 46
1081 W Arrow #11 0.92mi 2/1.0 600 (-7%) 14mo $65,000 $108 41
600 W Gladstone St Spc 44 1.06mi 2/1.0 784 (+21%) 2mo $110,000 $140 38
1380 N Citrus Unit D-10 1.29mi 2/1.0 552 (-15%) 5mo $63,000 $114 36
777 S Citrus Ave #155 1.31mi 1/1.0 (-1) 709 (+9%) 14mo $400,000 $564 33
777 S Citrus Ave #164 1.31mi 1/1.0 (-1) 709 (+9%) 14mo $400,000 $564 33
777 S Citrus Ave #266 1.31mi 1/1.0 (-1) 709 (+9%) 16mo $400,000 $564 31
5238 N Roxburgh Ave 0.81mi 2/1.0 572 (-12%) 19mo $580,000 $1,014 30
777 S Citrus Ave #108 1.31mi 1/1.0 (-1) 709 (+9%) 20mo $395,000 $557 27
777 S Citrus Ave #264 1.31mi 1/1.0 (-1) 709 (+9%) 24mo $387,000 $546 24
147 S Lemon Ave 1.49mi 2/1.0 746 (+15%) 28mo $630,000 $845 20
271 Pin Ln 0.79mi 1/1.5 (-1) 736 (+14%) 29mo $480,970 $653 15

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
72.6%
Equity multiple
4.54×
Total profit
$59,552
Equity at exit
$8,946
10-year hold
IRR
77.9%
Equity multiple
11.09×
Total profit
$169,558
Equity at exit
$5,188

Cash invested: $16,800 (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.

Active competition Active MLS

For sale now
3 active · 1 under contract
Median asking
$65,000 ($97/sqft)
Median days on market
102 d
This list price
33% of active listings are priced below it
ARV vs active asking
+75.5% above current asking $/sqft

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

ZIP-level market 91722

Rents YoY
12.9%
Active inventory
115
Price-to-rent
3.0×

Monthly cashflow live

Estimated rent
$1,654 high interval (Pro) →
Mortgage (P&I)
−$315
Tax from tax record
−$16 /mo · $197/yr
Insurance
−$25
HOA
−$0
Lot rent leased land?
−$0
Vacancy / Maint / Mgmt
−$347
Net cashflow
$951

Break-even live

Break-even rent $451
Max offer price $60,000
Occupancy floor 38%

Sensitivity live

Price -10% $985 -5% $968 +0% $951 +5% $934 +10% $917
Rent -10% $820 -5% $885 +0% $951 +5% $1,016 +10% $1,081
Rate -1.0pp $981 -0.5pp $966 base $951 +0.5pp $935 +1.0pp $919

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
$15,000
Closing costs
$1,800
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 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1160 N Conwell Ave Covina, CA 1.0–3.0 1.0–2.0 1048 $2,005 $1.91 0d 8 0.40mi
273 W Arrow Hwy Azusa, CA 1.0–2.0 1.0–2.0 825 $2,495 $3.02 1d 6 0.69mi
1130 W San Bernardino Rd Covina, CA 1.0 1.0 600 $1,695 $2.83 185d 6 0.69mi
1091 Spare Rd Covina, CA 1.0 1.5 740 $2,400 $3.24 3d 1 0.73mi
1343 W San Bernardino Rd Covina, CA 1.0 1.0 698 $2,228 $3.19 7d 3 0.75mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,795 $2.39 135d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,850 $2.47 124d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,850 $2.47 93d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,695 $2.26 140d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,750 $2.33 160d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,850 $2.47 127d 1 0.79mi
1375 W San Bernardino Rd Covina, CA 1.0 1.0 750 $1,850 $2.47 115d 1 0.79mi
457 W Front St Apt 4 Covina, CA 1.0 1.0 656 $1,795 $2.74 80d 1 0.80mi
565 E Arrow Hwy Azusa, CA 1.0 1.0 560 $1,695 $3.03 10d 1 0.88mi
747 N Azusa Ave West Covina, CA 1.0 1.0 615 $1,900 $3.09 0d 2 0.94mi
1151 W Arrow Hwy Azusa, CA 1.0–2.0 1.0–2.0 862 $2,195 $2.54 10d 1 1.07mi
850 S Vincent Ave Azusa, CA 2.0 2.0 750 $2,145 $2.86 10d 1 1.09mi
200 E Gladstone St Azusa, CA 1.0 1.0 460 $1,489 $3.24 10d 1 1.10mi
360 E Gladstone St Azusa, CA 1.0 1.0 600 $1,900 $3.17 17d 1 1.15mi
136 W Orange St Covina, CA 1.0 1.0 650 $2,200 $3.38 165d 1 1.24mi
777 S Citrus Ave Azusa, CA 1.0 1.0 709 $2,000 $2.82 95d 1 1.32mi
131 S 3rd Ave Covina, CA 1.0 1.0 750 $2,300 $3.07 87d 1 1.32mi
139 S 3rd Ave Covina, CA 1.0 1.0 450 $2,200 $4.89 6d 1 1.32mi
137 S 3rd Ave Covina, CA 1.0 1.0 450 $2,300 $5.11 29d 1 1.33mi
211 W Dexter St Covina, CA 1.0 1.0 500 $1,650 $3.30 133d 1 1.38mi
211 W Dexter St Unit NA Covina, CA 1.0 1.0 490 $1,700 $3.47 184d 1 1.38mi
116 E Center St Unit 1/2 Covina, CA 1.0 1.0 650 $1,900 $2.92 20d 1 1.48mi

Property features AI

Finance

Financial info
Monthly land lease of $1,845
HOA & community
Community spaManager approval required

Exterior

Parking
Attached carport
Utilities
Public sewerPublic water
Home design
One storySide entry
Construction
Composition roof
Exterior features
Covered patioCommunity poolClose to clubhouse

Interior

Kitchen
6-burner stove
Bedrooms
All bedrooms on one level
Flooring
Vinyl flooring
Bathrooms
1 full bathroom
Heating & cooling
Central furnaceWall/window cooling
Interior features
Open floor plan
Laundry & utility
Community laundry

Listing history 50 events

  1. 2026-11-08
    days on market $60,000 Active 13 DOM
  2. 2026-11-07
    days on market $60,000 Active 12 DOM
  3. 2026-11-06
    days on market $60,000 Active 11 DOM
  4. 2026-11-05
    days on market $60,000 Active 10 DOM
  5. 2026-11-04
    days on market $60,000 Active 9 DOM
  6. 2026-11-02
    days on market $60,000 Active 7 DOM
  7. 2026-11-01
    days on market $60,000 Active 6 DOM
  8. 2026-10-31
    days on market $60,000 Active 5 DOM
  9. 2026-10-30
    days on market $60,000 Active 4 DOM
  10. 2026-10-29
    days on market $60,000 Active 3 DOM
  11. 2026-10-28
    days on market $60,000 Active 2 DOM
  12. 2026-10-27
    remarks 699-char remark
  13. 2026-10-27
    pricedays on marketlisting id $60,000 Active 1 DOM
  14. 2026-07-22
    days on market $75,000 Active 182 DOM
  15. 2026-07-21
    days on market $75,000 Active 181 DOM
  16. 2026-07-20
    days on market $75,000 Active 180 DOM
  17. 2026-07-18
    days on market $75,000 Active 178 DOM
  18. 2026-07-18
    days on market $75,000 Active 177 DOM
  19. 2026-07-16
    days on market $75,000 Active 176 DOM
  20. 2026-07-15
    days on market $75,000 Active 175 DOM
  21. 2026-07-14
    days on market $75,000 Active 174 DOM
  22. 2026-07-13
    days on market $75,000 Active 173 DOM
  23. 2026-07-13
    days on market $75,000 Active 172 DOM
  24. 2026-07-11
    days on market $75,000 Active 171 DOM
  25. 2026-07-10
    days on market $75,000 Active 170 DOM
  26. 2026-07-09
    days on market $75,000 Active 169 DOM
  27. 2026-07-07
    days on market $75,000 Active 167 DOM
  28. 2026-07-06
    days on market $75,000 Active 166 DOM
  29. 2026-07-06
    days on market $75,000 Active 165 DOM
  30. 2026-07-05
    days on market $75,000 Active 164 DOM
  31. 2026-07-03
    days on market $75,000 Active 163 DOM
  32. 2026-07-02
    days on market $75,000 Active 162 DOM
  33. 2026-07-01
    days on market $75,000 Active 161 DOM
  34. 2026-06-30
    days on market $75,000 Active 160 DOM
  35. 2026-06-29
    days on market $75,000 Active 159 DOM
  36. 2026-06-28
    days on market $75,000 Active 158 DOM
  37. 2026-06-27
    days on market $75,000 Active 157 DOM
  38. 2026-06-26
    days on market $75,000 Active 156 DOM
  39. 2026-06-24
    days on market $75,000 Active 154 DOM
  40. 2026-06-22
    days on market $75,000 Active 152 DOM
  41. 2026-06-21
    days on market $75,000 Active 151 DOM
  42. 2026-06-18
    days on market $75,000 Active 148 DOM
  43. 2026-06-17
    days on market $75,000 Active 147 DOM
  44. 2026-06-16
    days on market $75,000 Active 146 DOM
  45. 2026-06-15
    days on market $75,000 Active 145 DOM
  46. 2026-06-13
    days on market $75,000 Active 143 DOM
  47. 2026-06-13
    days on market $75,000 Active 142 DOM
  48. 2026-06-09
    days on market $75,000 Active 139 DOM
  49. 2026-06-08
    days on market $75,000 Active 138 DOM
  50. 2026-06-07
    days on market $75,000 Active 137 DOM

ⓘ 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
$197 · $16/mo
Projected year-2 tax
$456 · $38/mo
Expected delta
+$259/yr (+$22/mo · 131.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$19,849
− Mortgage interest
−$3,361
− Property taxes
−$197
− Insurance
−$300
− Repairs & maintenance
−$1,588
− Management
−$1,588
− Depreciation
−$1,745
Taxable income
$11,069
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,657
After-tax cash flow
$8,751/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 · 12 photos

Fair 45/100 Moderate rehab Est. rehab $16,200–$29,160 screening

This mobile home requires moderate repairs and maintenance, with potential for significant value increase through painting and window upgrades.

Repairs flagged

  • Minor Paint — Some wear on interior walls
  • Moderate Windows — Single-pane windows may not be energy-efficient

Value-add opportunities

  • Both Paint interior walls — Enhances curb appeal and interior aesthetics ↑
  • Both Replace windows — Improves energy efficiency and curb appeal ↑

ⓘ Rehab cost is a screening estimate — Moderate 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.

Zoned Schools

Elementary Cypress Elementary Middle Las Palmas Middle High Northview High

Schools (NCES district)

District
Covina-Valley Unified
NCES district ID
0610050
Math proficiency
39% ▲ 2.00%
Reading proficiency
55% ▲ 2.00%
Median HH income
$65,808
Composite
43.91/100
National rank
#6290
State rank
#462 of 1400 in CA
B Composite livability gradescore 72/100

Livability — Covina

Score
72/100
State rank
#181
US rank
#5811

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Covina, CA
County
Los Angeles County · 10,940,515 people
City population
81,184
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
35,099
Household income
$102,062
Rent vs Own
29.5% rent · 70.5% own
Severe rent burden
9% 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 Hispanic (64%)
Race & ethnicity
Hispanic / Latino 64% Two or more races 23% Asian 15% White 14% Black 3%
Hispanic origin (detail)
Mexican 54%
Languages at home
45% English-only · Spanish 42% Chinese 6% Tagalog/Filipino 3%

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

+20.3% since first listed
19 events — show timeline
  • 2026-10-26 Listed $60,000 CRMLS
  • 2026-07-21 Listing Removed — CRMLS
  • 2026-04-26 Price Changed $75,000 CRMLS
  • 2026-01-21 Listed $85,000 CRMLS
  • 2022-09-30 Sold (MLS) $72,000 CRMLS
  • 2022-08-25 Listing Removed — CRMLS
  • 2022-08-08 Pending — CRMLS
  • 2022-08-06 Relisted — CRMLS
  • 2022-07-25 Listed $75,000 CRMLS
  • 2022-04-15 Price Changed $65,000 CRMLS
  • 2022-01-20 Contingent — CRMLS
  • 2021-12-28 Listed $55,000 CRMLS
  • 2021-08-18 Listing Removed — CRMLS
  • 2021-06-03 Listed $50,000 CRMLS
  • 2021-05-31 Listing Removed — CRMLS
  • 2021-04-16 Listed $50,000 CRMLS
  • 2021-03-05 Listing Removed — CRMLS
  • 2021-02-02 Contingent — CRMLS
  • 2020-11-06 Listed $49,888 CRMLS

Property tax history

+7.1%/yr

Latest (2025): $197 · +7.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…