519 W Taylor St #259 · Santa Maria, CA 93458

$229,000

2 bd · 2.0 ba · 1,830 sqft · Manufactured public records · 47 Days on market

Built 1984 1,742 sqft lot Est $232k · at est.

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Why this score? — see what drove the C- 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 +21.1/30.0
• ARV discount +8.2/15.0
• DSCR +6.7/10.0
• 1% rule +5.6/10.0
• 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

Contingent Upon Financing. Outstanding Triple Wide. 1800 Sq Ft. In Casa Grande. 2br, 2ba, Seperate Dining Room, Fr W/Fp, Inside Laundry Room With Washer & Dryer Included. Open Floor Plan-roof 2yrs New. Excellent Location

Key facts

• Two year new roof
• Built-in hutch
• 1,742 sq ft lot

Tags

• TRIPLE WIDE MANUFACTURED HOME
• TWO YEAR NEW ROOF
• WOOD BURNING FIREPLACE
• OPEN CONCEPT LIVING AREA
• BUILT-IN HUTCH
• YEAR-ROUND HEATED POOL

Property features AI

Finance

• Other: Located within a gated park; park map at entry
• HOA & community: Age-restricted community; Pets allowed with restrictions; Land lease: $1,081

Exterior

• Utilities: Land lease applies ($1,081); Listing indicates green features (see remarks)
• Home design: Manufactured home; Baywood model; 60 ft by 30 ft
• Construction: Wood siding; Composition roof; Pillar/post/pier foundation; Built by Kaufman/Broad
• Exterior features: Covered patio; Greenbelt and level lot

Interior

• Kitchen: Gas cooktop; Double oven; Dishwasher; Garbage disposal; Refrigerator
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced-air heating (natural gas); Ceiling fans for cooling
• Interior features: Breakfast bar; Pantry; Cathedral ceilings; One masonry, wood-burning fireplace in the family room
• Laundry & utility: Interior laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $326 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $229k).
• Recommended offer: $222k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 2 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 $50k; list at $229k implies a 358% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $222,130 (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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.00%
• Cash-on-cash: 6.10%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $232,410
• 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	0.08mi	2/2.0	1,830 (0%)	2mo	$215,000	$117	94
519 W Taylor St #216	0.14mi	2/2.0	1,830 (0%)	3mo	$284,000	$155	91
519 W Taylor St #260	0.01mi	2/2.0	1,830 (0%)	10mo	$299,000	$163	91
519 W Taylor St #293	0.05mi	2/2.0	1,880 (+3%)	9mo	$172,000	$91	86
519 W Taylor St #209	0.21mi	2/2.0	1,830 (0%)	19mo	$233,000	$127	74
2155 Sierra Vis	0.27mi	3/2.0 (+1)	1,762 (-4%)	3mo	$305,000	$173	74
519 W Taylor St #371	0.28mi	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: -7.6%
• Equity multiple: 0.72×
• Total profit: $-17,965
• Equity at exit: $34,145

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $4,511
• Equity at exit: $19,800

Cash invested: $64,120 (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: 7.9×

Monthly cashflow live

• Estimated rent: $2,416 medium
• Mortgage (P&I): −$1,201
• Tax est. 1.5%: −$286 /mo · $3,435/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$507
• Net cashflow: $326

Break-even live

Break-even rent $2,003

Max offer price $229,000

Occupancy floor 82%

Sensitivity live

Price	-10% $484	-5% $405	+0% $326	+5% $247	+10% $168
Rent	-10% $135	-5% $231	+0% $326	+5% $422	+10% $517
Rate	-1.0pp $441	-0.5pp $384	base $326	+0.5pp $267	+1.0pp $206

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: $57,250
• Closing costs: $6,870
• 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	1.12mi

Listing history 20 events

1. 2026-06-21
   pricedays on market $229,000 Active 47 DOM
2. 2026-06-18
   days on market $239,000 Active 44 DOM
3. 2026-06-17
   days on market $239,000 Active 43 DOM
4. 2026-06-16
   days on market $239,000 Active 42 DOM
5. 2026-06-15
   days on market $239,000 Active 41 DOM
6. 2026-06-14
   days on market $239,000 Active 39 DOM
7. 2026-06-13
   days on market $239,000 Active 38 DOM
8. 2026-06-10
   days on market $239,000 Active 36 DOM
9. 2026-06-09
   days on market $239,000 Active 35 DOM
10. 2026-06-08
    days on market $239,000 Active 34 DOM
11. 2026-06-07
    days on market $239,000 Active 33 DOM
12. 2026-06-05
    days on market $239,000 Active 30 DOM
13. 2026-06-03
    days on market $239,000 Active 29 DOM
14. 2026-06-02
    days on market $239,000 Active 28 DOM
15. 2026-06-01
    days on market $239,000 Active 27 DOM
16. 2026-05-31
    days on market $239,000 Active 26 DOM
17. 2026-05-30
    days on market $239,000 Active 25 DOM
18. 2026-05-03
    listed $239,000 Active
19. 2000-08-30
    soldstatus $50,000 224-char remark

    Show marketing remark (224 chars)

    Contingent Upon Financing. Outstanding Triple Wide. 1800 Sq Ft. In Casa Grande. 2br, 2ba, Seperate Dining Room, Fr W/Fp, Inside Laundry Room With Washer & Dryer Included. Open Floor Plan-roof 2yrs New. Excellent Location

20. 2000-06-19
    listed $55,000 224-char remark

    Show marketing remark (224 chars)

    Contingent Upon Financing. Outstanding Triple Wide. 1800 Sq Ft. In Casa Grande. 2br, 2ba, Seperate Dining Room, Fr W/Fp, Inside Laundry Room With Washer & Dryer Included. Open Floor Plan-roof 2yrs New. Excellent Location

ⓘ 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 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: −$12,828
• − Property taxes: −$3,435
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,319
• − Management: −$2,319
• − Depreciation: −$6,662
• Taxable income: $285
• Est. tax owed @ 24.0%: −$68
• After-tax cash flow: $3,845/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

+334.5% since first listed

3 events — show timeline

• 2026-05-03 Listed $239,000 NSBCRMLS
• 2000-08-30 Sold (MLS) $50,000 NSBCRMLS
• 2000-06-19 Listed $55,000 NSBCRMLS

Property tax history

-3.2%/yr

Latest (2025): $186 · +5.4% YoY. Source: county tax records.