1350 Oakland Rd #34 · San Jose, CA 95112

$424,999

3 bd · 2.0 ba · 1,236 sqft · Manufactured · 36 Days on market

Built 2022 $344/sqft · 33% above area Est $320k · 33% over ↓ 6% since listing

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Why this score? — see what drove the D 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 +15.8/30.0
• Schools +5.5/10.0
• DSCR +4.9/10.0
• 1% rule +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the desirable all-age South Bay Mobile Home Park, this beautifully maintained 2022 manufactured home offers modern living in San Jose. This 3-bedroom, 2-bath home features 1,236 sqft of open-concept space with contemporary finishes and an efficient floor plan designed for comfort and convenience.The bright living area flows into a modern kitchen with granite countertops, stainless steel appliances, a center island, and ample storage. The primary suite includes a walk-in closet and private bath with dual sinks and walk-in shower. Two additional bedrooms plus a flexible office space and laundry area provide added functionality.Enjoy privacy with no neighbors directly behind the home, plus a small private yard with persimmon and apple trees.... Additional highlights include an oversized carport for up to 4 vehicles, dual-pane windows, and low-maintenance living.Conveniently located near Highways 101, 880, and 680, and close to San Jos Mineta International Airport, Brokaw Commons, shopping, dining, and major tech employers. Must see!

Key facts

• Walk-in closet
• Private bath
• Modern kitchen

Tags

• MODERN KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• CENTER ISLAND
• WALK-IN CLOSET
• PRIVATE BATH

Property features AI

Finance

• Other: Property primary ID 744630; Lot size from assessor; Directions: From 101 N, turn right on Oakland Rd, pass gate 1 (South Bay Mobile Home), continue to gate 2, go to the end and turn left
• HOA & community: Clubhouse; Community pool; Leased land for park home site

Exterior

• Parking: Covered parking (off-site); Carport spaces minimum 4; 34 parking spaces on site; Assigned space rent $1,485
• Security: Security features noted (see remarks)
• Utilities: Sewer connected to community sewer/septic; Individual electric meters; Individual gas meters; Water: see remarks
• Home design: Single-story; Family park with no age restrictions
• Construction: Park home construction
• Exterior features: Composition roof; Leased land (park home site)

Interior

• Kitchen: Granite countertops; Exhaust fan; Garbage disposal; Microwave; Built-in gas range/oven
• Bedrooms: 3 bedrooms with walk-in closet
• Flooring: Carpet; Laminate; Vinyl/Linoleum
• Bathrooms: 2 full bathrooms with shower and tub and a stall shower
• Heating & cooling: Central forced air heating; Window/wall cooling unit
• Interior features: High ceilings; Dining area in living room; Office area
• Laundry & utility: Laundry hookups only

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $425k.

Deal economics

• At list price, monthly cash flow is $72 ($863/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $396k (6.7% below list).
• Recommended offer: $396k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 1.6% in San Jose — 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 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Orchard Elementary (urban): math 51% / reading 60% proficiency, ranked #225 of 1,400 in CA (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 106 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• At $3,964/mo this rent would consume 53% of the median local household income ($89k/yr) (locally 4364% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($412k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $396,363 (6.7% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (median comp): $320,193
• List price: $424,999
• Delta: 32.73%
• Verdict: OVERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1350 Oakland Rd #152	0.00mi	3/2.0	1,248 (+1%)	13mo	$412,000	$330	88
1358 Oakland Rd #109	0.21mi	3/2.0	1,120 (-9%)	15mo	$325,000	$290	62
1358 Oakland Rd #85	0.26mi	3/2.0	1,332 (+8%)	17mo	$355,000	$267	61
900 Golden Wheel Park Dr #66	0.30mi	3/2.0	1,052 (-15%)	4mo	$315,000	$299	58
900 Golden Wheel Park Dr Spc 29	0.40mi	3/2.0	1,100 (-11%)	7mo	$300,000	$273	57
900 Golden Wheel Park Dr #9	0.40mi	3/2.0	1,080 (-13%)	9mo	$329,000	$305	53
1350 Oakland Rd #15	0.17mi	3/2.0	1,062 (-14%)	22mo	$317,000	$298	50

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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -13.7%
• Equity multiple: 0.50×
• Total profit: $-59,107
• Equity at exit: $63,369

10-year hold

• IRR: -2.8%
• Equity multiple: 0.80×
• Total profit: $-23,779
• Equity at exit: $36,746

Cash invested: $119,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95112

• Rents YoY: 4.2%
• Active inventory: 106
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,964 high
• Mortgage (P&I): −$2,229
• Tax est. 1.5%: −$531 /mo · $6,375/yr
• Insurance: −$177
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$832
• Net cashflow: $72

Break-even live

Break-even rent $3,873

Max offer price $424,999

Occupancy floor 93%

Sensitivity live

Price	-10% $366	-5% $219	+0% $72	+5% $-75	+10% $-222
Rent	-10% $-241	-5% $-85	+0% $72	+5% $228	+10% $385
Rate	-1.0pp $286	-0.5pp $180	base $72	+0.5pp $-38	+1.0pp $-150

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1501 Berryessa Rd San Jose, CA	2.0	1.0–2.0	966	$4,734	$4.90	2d	31	0.50mi
1542 Thornleaf Way San Jose, CA	2.0	2.0	922	$3,700	$4.01	2d	1	0.51mi
725 Modern Ice Dr #1590 San Jose, CA	3.0	2.5	1391	$3,820	$2.75	44d	1	0.63mi
1625 Parkview Green Cir San Jose, CA	2.0	1.0	940	$3,295	$3.51	2d	1	0.67mi
1323 Pebble Ct San Jose, CA	2.0	2.0	1093	$3,500	$3.20	18d	1	0.71mi
750 N 23rd St San Jose, CA	1.0–3.0	1.0	875	$3,199	$3.66	13d	1	0.87mi
1331 Lakeshore Cir San Jose, CA	1.0–3.0	1.0–3.0	1017	$4,767	$4.69	2d	28	0.97mi
817 N 10th St San Jose, CA	2.0	1.0–2.0	851	$3,749	$4.40	2d	10	1.06mi
1600 Whitewood Dr San Jose, CA	1.0–2.0	1.0–2.0	977	$3,806	$3.89	2d	12	1.06mi
923 Sakura Dr San Jose, CA	3.0	3.0	1404	$4,150	$2.96	13d	1	1.07mi
756 N 11th St San Jose, CA	2.0	1.0	800	$2,695	$3.37	44d	1	1.08mi
263 E Hedding St #1535 San Jose, CA	1.0–4.0	1.0–3.5	1629	$4,770	$2.93	3d	2	1.15mi
415 E Taylor St San Jose, CA	2.0	1.0–2.0	900	$4,595	$5.11	2d	11	1.15mi
579 N 22nd St Unit 2 San Jose, CA	2.0	1.0	750	$3,200	$4.27	21d	1	1.17mi
1700 Newbury Park Dr San Jose, CA	2.0	1.0–2.0	793	$3,999	$5.04	2d	10	1.21mi
1700 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	941	$3,667	$3.90	2d	8	1.29mi
978 N 3rd St San Jose, CA	2.0	1.0	1032	$4,500	$4.36	2d	1	1.30mi
350 E Taylor St San Jose, CA	1.0–3.0	1.0–3.0	1116	$5,409	$4.85	2d	10	1.33mi
1105 Pepper Rd San Jose, CA	3.0	3.0	1489	$4,400	$2.96	2d	1	1.41mi
2073 Kiwi Walkway #1673 San Jose, CA	2.0	2.5	1300	$3,470	$2.67	2d	1	1.48mi
1729 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	887	$4,707	$5.31	2d	12	1.49mi

Listing history 16 events

1. 2026-06-18
   days on market $424,999 Active 36 DOM
2. 2026-06-17
   days on market $424,999 Active 35 DOM
3. 2026-06-16
   days on market $424,999 Active 34 DOM
4. 2026-06-15
   days on market $424,999 Active 33 DOM
5. 2026-06-13
   days on market $424,999 Active 31 DOM
6. 2026-06-13
   days on market $424,999 Active 30 DOM
7. 2026-06-09
   days on market $424,999 Active 27 DOM
8. 2026-06-08
   days on market $424,999 Active 26 DOM
9. 2026-06-07
   days on market $424,999 Active 25 DOM
10. 2026-06-05
    days on market $424,999 Active 22 DOM
11. 2026-06-03
    days on market $424,999 Active 21 DOM
12. 2026-06-02
    days on market $424,999 Active 20 DOM
13. 2026-06-01
    days on market $424,999 Active 19 DOM
14. 2026-05-31
    days on market $424,999 Active 18 DOM
15. 2026-05-13
    listed $449,999 Active 1056-char remark

    Show marketing remark (1056 chars)

    Located in the desirable all-age South Bay Mobile Home Park, this beautifully maintained 2022 manufactured home offers modern living in San Jose. This 3-bedroom, 2-bath home features 1,236 sqft of open-concept space with contemporary finishes and an efficient floor plan designed for comfort and convenience.The bright living area flows into a modern kitchen with granite countertops, stainless steel appliances, a center island, and ample storage. The primary suite includes a walk-in closet and private bath with dual sinks and walk-in shower. Two additional bedrooms plus a flexible office space and laundry area provide added functionality.Enjoy privacy with no neighbors directly behind the home, plus a small private yard with persimmon and apple trees.... Additional highlights include an oversized carport for up to 4 vehicles, dual-pane windows, and low-maintenance living.Conveniently located near Highways 101, 880, and 680, and close to San Jos Mineta International Airport, Brokaw Commons, shopping, dining, and major tech employers. Must see!

16. 2026-05-13
    listed $449,999 Active 1056-char remark

    Show marketing remark (1056 chars)

    Located in the desirable all-age South Bay Mobile Home Park, this beautifully maintained 2022 manufactured home offers modern living in San Jose. This 3-bedroom, 2-bath home features 1,236 sqft of open-concept space with contemporary finishes and an efficient floor plan designed for comfort and convenience.The bright living area flows into a modern kitchen with granite countertops, stainless steel appliances, a center island, and ample storage. The primary suite includes a walk-in closet and private bath with dual sinks and walk-in shower. Two additional bedrooms plus a flexible office space and laundry area provide added functionality.Enjoy privacy with no neighbors directly behind the home, plus a small private yard with persimmon and apple trees.... Additional highlights include an oversized carport for up to 4 vehicles, dual-pane windows, and low-maintenance living.Conveniently located near Highways 101, 880, and 680, and close to San Jos Mineta International Airport, Brokaw Commons, shopping, dining, and major tech employers. Must see!

ⓘ 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 8/10 Severe FEMA zone AO · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥93°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,564
• − Mortgage interest: −$23,807
• − Property taxes: −$6,375
• − Insurance: −$3,592
• − Repairs & maintenance: −$3,805
• − Management: −$3,805
• − Depreciation: −$12,364
• Taxable loss: −$6,184
• Est. tax savings @ 24.0%: +$1,484
• After-tax cash flow: $2,347/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: Orchard Elementary
• NCES district ID: 0628680
• Math proficiency: 51% ▲ 1.00%
• Reading proficiency: 60% ▲ 5.00%
• Median HH income: $108,165
• Composite: 54.67/100
• National rank: #2853
• State rank: #225 of 1400 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 57,373
• Household income: $89,103
• Rent vs Own: 73.6% rent · 26.4% own
• Severe rent burden: 4364.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 41% Asian 27% White 22% Two or more races 18% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Slovak 1% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 34% · Canada, Vietnam, China
• Languages at home: 48% English-only · Spanish 29% Vietnamese 9% Chinese 6%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1025.61%
• Current HPI: 297.1788
• Rent YoY: ▲ 4.25%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

-5.6% since first listed

4 events — show timeline

• 2026-05-28 Price Changed $424,999 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-28 Price Changed $424,999 MLSListings
• 2026-05-13 Listed $449,999 MLSListings
• 2026-05-13 Listed $449,999 bridgeMLS, Bay East AOR, or Contra Costa AOR