4901 Green River rd #224 · Corona, CA 92878

$135,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured · 3 Days on market

Built 1973 Fair condition Est $157k · 14% under ↓ 25% since listing

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Why this score? — see what drove the A 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 +13.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Schools +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.0/5.0

Listing remarks MLS

3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

Key facts

• 3 garage spots
• Community pool
• Built 1973

Property features AI

Finance

• Financial info: Monthly land lease: $1,895; Rent includes trash
• HOA & community: Land lease in place (park lease)

Exterior

• Parking: Three parking spaces; Three garage spaces
• Utilities: Water from district/public supply; Sewer: other
• Home design: Single-story property; Mobile home (12' x 56') remains on site
• Construction: Year built per public records
• Exterior features: Association pool; Lot in suburban setting; Lot density approximately 0–1 unit per acre

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Central cooling
• Interior features: Single-level entry
• Laundry & utility: Laundry inside with washer hookup and gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $135k).
• Cap rate 20.2% vs local median 2.9% in Corona — 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 63/100 on livability (#461 in CA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A-; Watch: commute C-, health & safety D, amenities F.
• Corona-Norco Unified (suburban): math 46% / reading 61% proficiency, ranked #312 of 1,400 in CA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.6%/yr); 22 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($933 loan paydown + $14k appreciation (10.0% local appreciation)).
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 1.6% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,000

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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.34% ✓
• Cap rate: 20.23%
• Cash-on-cash: 49.76%
• DSCR: 3.21
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $156,960
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4901 Green River Rd #140	0.08mi	3/2.0	1,440 (0%)	1mo	$140,000	$97	95
4901 Green River Rd #228	0.02mi	3/2.0	1,456 (+1%)	3mo	$159,000	$109	95
4901 Green River Rd #227	0.00mi	3/2.0	1,440 (0%)	8mo	$124,500	$86	94
4901 Green River Rd #248	0.09mi	3/2.0	1,440 (0%)	6mo	$103,000	$72	91
4901 Green Riv #303	0.02mi	3/2.0	1,344 (-7%)	1mo	$220,000	$164	87
4901 Green Riv #113	0.11mi	4/2.0 (+1)	1,440 (0%)	4mo	$140,000	$97	87
4901 Green River Rd #188	0.00mi	3/2.0	1,560 (+8%)	8mo	$235,000	$151	79
4901 Green River Rd #39	0.10mi	3/2.0	1,508 (+5%)	10mo	$165,000	$109	79
4901 Green River Rd #173	0.11mi	3/2.0	1,534 (+6%)	9mo	$235,000	$153	77
4901 Green River Rd #330	0.11mi	3/2.0	1,620 (+12%)	8mo	$168,000	$104	68
4901 Green River Rd #268	0.08mi	4/2.0 (+1)	1,608 (+12%)	8mo	$268,000	$167	66
4901 Green Riv #229	0.11mi	2/2.0 (-1)	1,248 (-13%)	6mo	$155,000	$124	63

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

Projected returns pro-forma

10.0% appreciation · 1.64% rent growth · sell at horizon

5-year hold

• IRR: 59.0%
• Equity multiple: 5.27×
• Total profit: $161,232
• Equity at exit: $121,619

10-year hold

• IRR: 52.0%
• Equity multiple: 11.44×
• Total profit: $394,615
• Equity at exit: $262,275

Cash invested: $37,800 (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.

Methodology + full state rankings →

ZIP-level market 92878

• Home prices YoY: 2.2%
• Rents YoY: 1.6%
• Active inventory: 22
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $3,165 medium
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$665
• Net cashflow: $1,442

Break-even live

Break-even rent $1,339

Max offer price $135,000

Occupancy floor 49%

Sensitivity live

Price	-10% $1,536	-5% $1,489	+0% $1,442	+5% $1,396	+10% $1,349
Rent	-10% $1,192	-5% $1,317	+0% $1,442	+5% $1,567	+10% $1,692
Rate	-1.0pp $1,510	-0.5pp $1,477	base $1,442	+0.5pp $1,407	+1.0pp $1,372

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11533 Chadwick Rd Corona, CA	3.0	2.5	1599	$3,675	$2.30	18d	1	0.50mi

Listing history 16 events

1. 2026-06-13
   days on market $135,000 Active 3 DOM
2. 2026-06-08
   statusdays on market $135,000 Active 1 DOM
3. 2026-06-07
   days on market $135,000 Coming Soon 19 DOM
4. 2026-06-04
   days on market $135,000 Coming Soon 16 DOM
5. 2026-06-03
   days on market $135,000 Coming Soon 15 DOM
6. 2026-06-02
   days on market $135,000 Coming Soon 14 DOM
7. 2026-06-01
   days on market $135,000 Coming Soon 13 DOM
8. 2026-05-31
   days on market $135,000 Coming Soon 12 DOM
9. 2026-05-19
   historical $135,000
10. 2022-09-22
    soldstatus $145,000 Closed Sale 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

11. 2022-09-08
    status Pending Sale 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

12. 2022-08-18
    historical Active Under Contract 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

13. 2022-07-11
    price $150,000 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

14. 2022-07-06
    listed $175,000 Active 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

15. 2022-06-15
    price $175,000 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

16. 2022-06-15
    historical $180,000 542-char remark

    Show marketing remark (542 chars)

    3 bedrooms, 2 baths, with an extra room that could be used for an office or guest room, 3 parking spaces, open floor plan, living room, nice spacious kitchen, individual laundry room, master bedroom, master bath, 3 other nice size rooms, side yard. This is a family-friendly park with 2 swimming pools, spa, exercise facility, sauna, clubhouse, BBQ. The wonderful setting among high hills and mountains along the Santa Ana River, a bridge between Orange County and the Inland Empire. The park is next to the River Golf Club. Pets are welcome.

ⓘ 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 4/10 Moderate FEMA zone A · 22% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,980
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$2,178
• − Repairs & maintenance: −$3,038
• − Management: −$3,038
• − Depreciation: −$3,927
• Taxable income: $16,212
• Est. tax owed @ 24.0%: −$3,891
• After-tax cash flow: $13,416/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

Fair 40/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance to improve its condition and value. Key areas needing attention include exterior siding, flooring, and interior walls.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major flooring — Worn carpet
• Major interior walls — Peeling paint

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal
• Rental Replace carpet — Improves comfort and reduces maintenance
• Both Paint interior walls — Improves aesthetics and reduces maintenance

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
flooring · Worn carpet	Major	$15,000–50,000
interior walls · Peeling paint	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal ↑
• Rental Replace carpet — Improves comfort and reduces maintenance ↑
• Both Paint interior walls — Improves aesthetics and reduces maintenance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Corona-Norco Unified
• NCES district ID: 0609850
• Math proficiency: 46% ▲ 1.00%
• Reading proficiency: 61% ▬ 0.00%
• Median HH income: $83,380
• Composite: 50.72/100
• National rank: #3920
• State rank: #312 of 1400 in CA

Livability — Corona

• Score: 63/100
• State rank: #461
• US rank: #15787

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corona, CA
• County: Riverside County · 2,287,001 people
• City population: 188,369
• Metro: Riverside-San Bernardino-Ontario, CA

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: ▲ 12.32%
• Current HPI: 574.78
• Rent YoY: ▲ 1.64%
• Metro: Riverside-San Bernardino-Ontario, 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

-25.0% since first listed

10 events — show timeline

• 2026-06-09 Relisted — CRMLS
• 2026-06-08 Listed $135,000 CRMLS
• 2026-05-19 Coming Soon — CRMLS
• 2022-09-22 Sold (MLS) $145,000 CRMLS
• 2022-09-08 Pending — CRMLS
• 2022-08-18 Contingent — CRMLS
• 2022-07-11 Price Changed $150,000 CRMLS
• 2022-07-06 Listed $175,000 CRMLS
• 2022-06-15 Price Changed $175,000 CRMLS
• 2022-06-15 Coming Soon $180,000 CRMLS