8250 Lankershim Blvd #29 · Los Angeles, CA 91605

$114,950

2 bd · 1.0 ba · 540 sqft · Manufactured · 286 Days on market

Built 2021 Good condition 9.63 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautiful 2021 Fleetwood 2-bedroom, 1-bathroom home located in North Hollywood, in the highly desirable Hollywood Backlot Bungalows mobile home park. This modern home features a spacious, open layout with contemporary finishes throughout, and comes fully equipped with all appliances, central A/C, and a convenient in-home washer and dryer. Enjoy resort-style amenities including a sparkling pool, relaxing spa, fully equipped gym, clubhouse, outdoor BBQ area, and a dog park. With an affordable monthly space rent of just $1,495, this is an incredible opportunity to own in a prime North Hollywood location. Don t miss out!

Key facts

• Dog park
• Relaxing spa
• Clubhouse

Tags

• IN-HOME WASHER AND DRYER
• RELAXING SPA
• FULLY EQUIPPED GYM
• CLUBHOUSE
• OUTDOOR BBQ AREA
• DOG PARK

Property features AI

Finance

• Other: Lot size approximately 9.63 acres; Zoning: LARMP
• Financial info: Monthly site/lot lease amount: $1,495; Annual land lease amount: $17,940; 182 total units in the community
• HOA & community: Gated community; Exercise room; Spa; Pool; Clubhouse; Association allows pets

Exterior

• Parking: Driveway parking; 1 additional open parking space
• Home design: Residential mobile home; Located on Lankershim Boulevard
• Exterior features: Community pool; Has a view

Interior

• Kitchen: Refrigerator; Dishwasher
• Flooring: Laminate floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Breakfast area; Living room; Community has a pool and clubhouse (see HOA section for community amenities)
• Laundry & utility: Washer and dryer; Laundry located in closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $863 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.3% vs local median 2.1% in Los Angeles — 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 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-3.0%/yr); 75 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• This rent runs 38% of the median local income ($65k/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 $794 of loan paydown is wiped out by about $3k 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 + 0.0% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 286 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,156 (12.0% below list)

Questions for the listing agent

1. It's been on market 286 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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: 1.82% ✓
• Cap rate: 15.30%
• Cash-on-cash: 32.16%
• DSCR: 2.43
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 23.7%
• Equity multiple: 1.94×
• Total profit: $30,195
• Equity at exit: $17,139

10-year hold

• IRR: 29.6%
• Equity multiple: 3.28×
• Total profit: $73,406
• Equity at exit: $9,939

Cash invested: $32,186 (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 Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 91605

• Rents YoY: -3.0%
• Active inventory: 75
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,097 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,724/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $863

Break-even live

Break-even rent $1,006

Max offer price $114,950

Occupancy floor 54%

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: $28,738
• Closing costs: $3,448
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8139 Radford Ave North Hollywood, CA	1.0	1.0	350	$1,000	$2.86	24d	1	0.40mi
7847 Beck Ave North Hollywood, CA	2.0	1.0	675	$2,500	$3.70	22d	1	0.54mi
7847 Beck Ave North Hollywood, CA	2.0	1.0	675	$2,500	$3.70	44d	1	0.54mi
7729 Gentry Ave North Hollywood, CA	1.0	2.0	600	$2,400	$4.00	44d	1	0.80mi
7755 Laurel Canyon Blvd Unit 24 North Hollywood, CA	1.0	1.0	700	$2,000	$2.86	44d	1	0.89mi
11752 Saticoy St North Hollywood, CA	1.0	1.0	750	$1,695	$2.26	44d	1	0.90mi
8747 Lehigh Ave Sun Valley, CA	1.0	1.0	650	$2,200	$3.38	44d	1	0.92mi
7701 Laurel Canyon Blvd North Hollywood, CA	1.0	1.0	623	$1,975	$3.17	44d	2	0.96mi
11038 Arminta St Sun Valley, CA	2.0–3.0	1.0–2.0	975	$2,350	$2.41	2d	3	0.98mi
11721 Runnymede St North Hollywood, CA	1.0–3.0	1.0–2.0	954	$2,725	$2.86	15d	2	1.04mi
10817 White St Sun Valley, CA	2.0	1.0	750	$1,895	$2.53	44d	1	1.08mi
11669 Valerio St North Hollywood, CA	1.0	1.0	650	$1,895	$2.92	3d	5	1.09mi
7401 Lankershim Blvd North Hollywood, CA	1.0–2.0	1.0–2.0	862	$2,850	$3.31	24d	4	1.12mi
7350 Lankershim Blvd North Hollywood, CA	1.0	1.0	700	$1,845	$2.64	44d	1	1.15mi
10888 Dora St Sun Valley, CA	2.0	1.0	500	$2,600	$5.20	44d	1	1.20mi
7308 Farmdale Ave North Hollywood, CA	1.0	1.0	600	$2,500	$4.17	22d	1	1.25mi
12050 Sheldon St Sun Valley, CA	1.0–2.0	1.0	560	$1,859	$3.32	17d	3	1.28mi
7245 Bakman Ave Unit 3 Sun Valley, CA	2.0	1.0	750	$2,500	$3.33	8d	1	1.35mi
7425 Vineland Ave Unit 7425-07 Sun Valley, CA	1.0	1.0	650	$1,500	$2.31	44d	1	1.38mi
8206 Wheatland Ave Sun Valley, CA	1.0	1.0	550	$1,800	$3.27	44d	1	1.40mi
7436 Cleon Ave Sun Valley, CA	2.0	1.0	620	$2,350	$3.79	44d	1	1.47mi

Listing history 18 events

1. 2026-06-18
   days on market $114,950 Active 286 DOM
2. 2026-06-17
   days on market $114,950 Active 285 DOM
3. 2026-06-16
   days on market $114,950 Active 284 DOM
4. 2026-06-15
   days on market $114,950 Active 283 DOM
5. 2026-06-13
   days on market $114,950 Active 281 DOM
6. 2026-06-09
   days on market $114,950 Active 277 DOM
7. 2026-06-08
   days on market $114,950 Active 276 DOM
8. 2026-06-07
   days on market $114,950 Active 275 DOM
9. 2026-06-04
   days on market $114,950 Active 272 DOM
10. 2026-06-03
    days on market $114,950 Active 271 DOM
11. 2026-06-02
    days on market $114,950 Active 270 DOM
12. 2026-06-01
    days on market $114,950 Active 269 DOM
13. 2026-05-31
    days on market $114,950 Active 268 DOM
14. 2026-05-22
    status Active
15. 2026-02-12
    historical Backup Offers Accepted
16. 2025-09-02
    listed $114,950 Active
17. 2025-09-02
    historical
18. 2025-05-13
    listed $114,950 Active

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥96°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,169
• − Mortgage interest: −$6,439
• − Property taxes: −$1,724
• − Insurance: −$575
• − Repairs & maintenance: −$2,014
• − Management: −$2,014
• − Depreciation: −$3,344
• Taxable income: $9,060
• Est. tax owed @ 24.0%: −$2,174
• After-tax cash flow: $8,176/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

Good 80/100 Cosmetic rehab

This 2021 Fleetwood home in Hollywood Backlot Bungalows is in excellent condition with modern finishes and amenities. It's move-in ready and offers a great opportunity for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more renters
• Both Add smart home features — Improves convenience and can increase both resale and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more renters ↑
• Both Add smart home features — Improves convenience and can increase both resale and rental value ↑

ⓘ 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: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 49,868
• Household income: $65,481
• Rent vs Own: 63.0% rent · 37.0% own
• Severe rent burden: 3600.0

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 (62%)
• Race & ethnicity: Hispanic / Latino 62% White 26% Two or more races 22% Asian 8% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Lithuanian 1% Romanian 1%
• Foreign-born: 47% · Canada, South Korea, Vietnam
• Languages at home: 23% English-only · Spanish 55% Other Indo-European 15% 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: —

Market trends

• HPI YoY: ▼ -991.52%
• Current HPI: 504.7685
• Rent YoY: ▼ -2.95%
• Metro: Los Angeles-Long Beach-Anaheim, 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

+0.0% since first listed

5 events — show timeline

• 2026-05-22 Relisted — TheMLS
• 2026-02-12 Contingent — TheMLS
• 2025-09-02 Listing Removed — CRMLS
• 2025-09-02 Listed $114,950 TheMLS
• 2025-05-13 Listed $114,950 CRMLS