1453 S Marina Dr · Salton City, CA 92274

$180,000

3 bd · 2.0 ba · 1,847 sqft · SingleFamily · 105 Days on market

Built 1965 10,863 sqft lot $97/sqft · 42% below area Est $312k · 42% under

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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 +25.9/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +8.7/10.0
• 1% rule +7.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Schools +1.5/10.0

Listing remarks MLS

Mid-Century Modern Restoration Opportunity in Salton City! Bring your vision and your contractor to this 1,847-square-foot architectural canvas. Located at 1453 Marina Dr, this property features the unmistakable 'bones' of mid-century design, waiting for a full-scale modern revival. While the home is in physical distress and requires a complete remodel, the spacious layout--including a large living area with a signature fireplace and a 2-car garage--provides a solid foundation for a stunning transformation. The backyard features a pool (currently partially filled) that is ready to be restored into a desert oasis. Offered at just $190K, this is a rare chance to own a piece of Salton City history. Cash or non-traditional financing only.

Key facts

• Mid-century modern
• Large living area
• Desert oasis

Tags

• MID-CENTURY MODERN
• LARGE LIVING AREA
• SIGNATURE FIREPLACE
• BACKYARD POOL
• DESERT OASIS
• PIECE OF SALTON CITY HISTORY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $164k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 4.4% in Salton City — 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 46/100 on livability (#1,265 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A-; Watch: schools F, crime F, amenities F.
• Coachella Valley Unified (rural): math 12% / reading 23% proficiency, ranked #481 of 517 in CA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 492 active listings in the ZIP; 271 units permitted in Imperial County in 2024 (112 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Imperial County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.24% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.54%
• DSCR: 1.47
• GRM: 6.7

CMA / ARV

• ARV (median comp): $311,745
• List price: $180,000
• Delta: -42.26%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.0%
• Equity multiple: 3.51×
• Total profit: $126,308
• Equity at exit: $162,158

10-year hold

• IRR: 27.7%
• Equity multiple: 7.94×
• Total profit: $349,955
• Equity at exit: $349,700

Cash invested: $50,400 (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 92274

• Home prices YoY: 31.9%
• Active inventory: 492
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,239 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$308 /mo · $3,690/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $443

Break-even live

Break-even rent $1,679

Max offer price $180,000

Occupancy floor 75%

Sensitivity live

Price	-10% $545	-5% $494	+0% $443	+5% $392	+10% $341
Rent	-10% $266	-5% $354	+0% $443	+5% $531	+10% $620
Rate	-1.0pp $533	-0.5pp $488	base $443	+0.5pp $396	+1.0pp $349

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $180,000 Active 105 DOM
2. 2026-06-17
   days on market $180,000 Active 104 DOM
3. 2026-06-16
   days on market $180,000 Active 103 DOM
4. 2026-06-15
   days on market $180,000 Active 102 DOM
5. 2026-06-13
   days on market $180,000 Active 100 DOM
6. 2026-06-13
   days on market $180,000 Active 99 DOM
7. 2026-06-09
   days on market $180,000 Active 96 DOM
8. 2026-06-08
   days on market $180,000 Active 95 DOM
9. 2026-06-07
   days on market $180,000 Active 94 DOM
10. 2026-06-04
    days on market $180,000 Active 91 DOM
11. 2026-06-03
    days on market $180,000 Active 90 DOM
12. 2026-06-02
    days on market $180,000 Active 89 DOM
13. 2026-06-01
    days on market $180,000 Active 88 DOM
14. 2026-05-31
    days on market $180,000 Active 87 DOM
15. 2026-04-04
    price $180,000 744-char remark

    Show marketing remark (744 chars)

    Mid-Century Modern Restoration Opportunity in Salton City! Bring your vision and your contractor to this 1,847-square-foot architectural canvas. Located at 1453 Marina Dr, this property features the unmistakable 'bones' of mid-century design, waiting for a full-scale modern revival. While the home is in physical distress and requires a complete remodel, the spacious layout--including a large living area with a signature fireplace and a 2-car garage--provides a solid foundation for a stunning transformation. The backyard features a pool (currently partially filled) that is ready to be restored into a desert oasis. Offered at just $190K, this is a rare chance to own a piece of Salton City history. Cash or non-traditional financing only.

16. 2026-03-04
    listed $190,000 Active 744-char remark

    Show marketing remark (744 chars)

    Mid-Century Modern Restoration Opportunity in Salton City! Bring your vision and your contractor to this 1,847-square-foot architectural canvas. Located at 1453 Marina Dr, this property features the unmistakable 'bones' of mid-century design, waiting for a full-scale modern revival. While the home is in physical distress and requires a complete remodel, the spacious layout--including a large living area with a signature fireplace and a 2-car garage--provides a solid foundation for a stunning transformation. The backyard features a pool (currently partially filled) that is ready to be restored into a desert oasis. Offered at just $190K, this is a rare chance to own a piece of Salton City history. Cash or non-traditional financing only.

17. 2019-04-11
    soldstatus $167,000
18. 2001-10-31
    soldstatus $60,000
19. 1993-03-29
    soldstatus $65,000
20. 1992-05-14
    soldstatus $65,000

ⓘ 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: $3,690 · $308/mo
• Projected year-2 tax: $3,690 · $308/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥113°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,872
• − Mortgage interest: −$10,083
• − Property taxes: −$3,690
• − Insurance: −$900
• − Repairs & maintenance: −$2,150
• − Management: −$2,150
• − Depreciation: −$5,236
• Taxable income: $2,663
• Est. tax owed @ 24.0%: −$639
• After-tax cash flow: $4,672/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: Coachella Valley Unified
• NCES district ID: 0609070
• Math proficiency: 12% ▼ -8.00%
• Reading proficiency: 23% ▼ -6.00%
• Median HH income: $37,683
• Composite: 14.62/100
• National rank: #9408
• State rank: #481 of 517 in CA

Livability — Salton City

• Score: 46/100
• State rank: #1265
• US rank: #26406

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Salton City, CA
• Population (ZIP): 17,909

Population outlook (Imperial County) Hauer SSP2

• Today (2025): 186,713 people
• By 2030: 190,022 · +1.8%
• By 2040: 195,993 · +5.0%
• By 2050: 199,534 · +6.9%
• By 2075: 216,878 · +16.2%
• By 2100: 352,705 · +88.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (88%)
• Race & ethnicity: Hispanic / Latino 88% Two or more races 49% White 10%
• Hispanic origin (detail): Mexican 87%
• Common ancestry: Italian 1% Portuguese 1%
• Foreign-born: 42% · Canada
• Languages at home: 24% English-only · Spanish 76%

Political lean MEDSL · Imperial

• 2024 margin: Toss-up / Even · D 48.3% · R 49.1% · Other 2.6%
• 2008→2024 swing: -27.0pp toward R · 2008: 26.2pp · 2024: -0.9pp
• All cycles: 2024: R+0.9 2020: D+24.4 2016: D+41.1 2012: D+28.8 2008: D+26.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 179.97%
• Current HPI: 744.8454
• Rent YoY: —
• Metro: —
• 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

+176.9% since first listed

6 events — show timeline

• 2026-04-04 Price Changed $180,000 GPSMLS
• 2026-03-04 Listed $190,000 GPSMLS
• 2019-04-11 Sold (Public Records) $167,000 Public Records
• 2001-10-31 Sold (Public Records) $60,000 Public Records
• 1993-03-29 Sold (Public Records) $65,000 Public Records
• 1992-05-14 Sold (Public Records) $65,000 Public Records

Property tax history

+9.7%/yr

Latest (2025): $3,690 · +2.5% YoY. Source: county tax records.