3340 Del Sol Blvd Spc 136 · San Diego, CA 92154

$178,000

2 bd · 2.0 ba · 1,440 sqft · Manufactured · 188 Days on market

Built 1979 Est $190k · 6% under

---

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
• ARV discount +10.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 3340 Del Sol Blvd, Space 136, located in the desirable Ocean Bluffs Estates, a gated 55+ community in South San Diego. This well-maintained manufactured home was built in 1979 and offers approximately 1,440 sq ft of comfortable single-level living. The home features 2 spacious bedrooms and 2 full bathrooms, including a generously sized primary suite. The open layout provides ample living space with a large living room, dining area, family room, and an interior laundry room. Natural light flows throughout the home, creating a bright and inviting atmosphere. Situated on a quiet cul-de-sac and backing to a greenbelt, the property offers peaceful surroundings along with city and pano

Key facts

• Gated community
• Clubhouse
• Quiet cul-de-sac

Tags

• GATED COMMUNITY
• QUIET CUL-DE-SAC
• GREENBELT VIEWS
• COVERED PATIO
• RESORT-STYLE AMENITIES
• CLUBHOUSE

Property features AI

Finance

• HOA & community: Located in a senior community (Ocean Bluffs); Community clubhouse

Exterior

• Parking: 2 parking spaces
• Utilities: Sewer connected
• Home design: Manufactured home; Single-story
• Construction: Manufactured construction
• Exterior features: Community pool; Shingle roof

Interior

• Kitchen: Dishwasher; Cooktop (gas); Refrigerator
• Bedrooms: Up to 3 bedrooms possible
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Community clubhouse access; Breed restrictions for pets
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $178k.

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 $178k).
• Recommended offer: $157k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 2.0% in San Diego — 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 75/100 on livability (#123 in CA, #4,206 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, crime D+, cost of living F.
• Sweetwater Union High (suburban): math 36% / reading 52% proficiency, ranked #187 of 517 in CA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.5%/yr); 210 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 43% of the median local income ($95k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $50k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 188 days — a 12% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $44k; list at $178k implies a 305% gain — meaningful room to come down on a strong offer.

Recommended offer $156,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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 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. Crime grade is D 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: 1.90% ✓
• Cap rate: 16.04%
• Cash-on-cash: 34.81%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $190,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3340 Del Sol #215	0.00mi	2/2.0	1,440 (0%)	6mo	$190,000	$132	95
3340 Del Sol Blvd, Unit 158	0.09mi	2/2.0	1,440 (0%)	2mo	$125,000	$87	94
3340 Del Sol Blvd Spc 126	0.00mi	2/2.0	1,440 (0%)	7mo	$150,000	$104	94
3340 Del Sol Blvd #180	0.09mi	2/2.0	1,440 (0%)	2mo	$85,000	$59	94
3340 Del Sol Blvd #21	0.00mi	2/2.0	1,440 (0%)	8mo	$177,000	$123	93
3340 Del Sol Blvd #237	0.00mi	3/2.0 (+1)	1,440 (0%)	5mo	$198,000	$138	91
3340 Del Sol Blvd #102	0.09mi	3/2.0 (+1)	1,440 (0%)	1mo	$217,000	$151	90
3340 Del Sol Blvd #246	0.00mi	2/2.0	1,440 (0%)	16mo	$195,400	$136	87
3340 Del Sol Blvd #144	0.09mi	2/2.0	1,344 (-7%)	2mo	$195,000	$145	83
3340 Del Sol Blvd Spc 4	0.09mi	2/2.0	1,536 (+7%)	3mo	$80,000	$52	82
3340 Del Sol Blvd #196	0.00mi	2/2.0	1,344 (-7%)	8mo	$170,000	$126	82
3340 Del Sol Blvd #209	0.00mi	3/2.0 (+1)	1,431 (-1%)	15mo	$275,000	$192	82

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 26.9%
• Equity multiple: 2.07×
• Total profit: $53,369
• Equity at exit: $26,540

10-year hold

• IRR: 32.6%
• Equity multiple: 3.55×
• Total profit: $126,896
• Equity at exit: $15,390

Cash invested: $49,840 (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 92154

• Rents YoY: -0.5%
• Active inventory: 210
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $3,387 high
• Mortgage (P&I): −$933
• Tax est. 1.5%: −$222 /mo · $2,670/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$711
• Net cashflow: $1,446

Break-even live

Break-even rent $1,557

Max offer price $178,000

Occupancy floor 52%

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: $44,500
• Closing costs: $5,340
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3580 Marzo St San Diego, CA	3.0	2.0	1700	$3,500	$2.06	17d	1	0.32mi
3624 Marzo St San Diego, CA	3.0	2.0	1330	$3,295	$2.48	19d	1	0.34mi
3590 Arey Dr San Diego, CA	3.0	2.0	1061	$3,995	$3.77	2d	1	0.36mi
813 Beyer Way San Diego, CA	3.0	2.5	1495	$3,500	$2.34	3d	1	0.38mi
3822 Enero Ct San Diego, CA	3.0	2.0	1012	$3,850	$3.80	10d	1	0.50mi
1515 Kenalan Dr San Diego, CA	3.0	2.0	1140	$3,500	$3.07	2d	1	0.74mi
3763 Via del Bardo San Ysidro, CA	3.0	2.5	1472	$4,200	$2.85	3d	1	0.76mi
2709 Elm Ave Unit B San Diego, CA	3.0	3.0	1560	$3,449	$2.21	2d	1	0.94mi
2683 Caulfield Dr San Diego, CA	3.0	2.0	1445	$3,995	$2.76	2d	1	0.97mi
1587 Oro Vista Rd San Diego, CA	1.0–2.0	1.0–2.0	805	$2,495	$3.10	2d	4	1.12mi
1394 Oro Vista Rd San Diego, CA	2.0–3.0	2.0	1088	$2,725	$2.50	2d	4	1.19mi
4483 Corona Borealis San Diego, CA	2.0	2.5	1400	$3,800	$2.71	15d	1	1.32mi
2367 Grove Ave San Diego, CA	1.0–2.0	1.0	741	$2,495	$3.36	2d	4	1.34mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	2d	9	1.38mi
1001 Outer Rd San Diego, CA	2.0	2.0	1000	$2,538	$2.54	2d	5	1.40mi
217 Date St Unit B Chula Vista, CA	3.0	2.5	1228	$3,500	$2.85	3d	1	1.41mi

Listing history 29 events

1. 2026-06-18
   days on market $178,000 Active 188 DOM
2. 2026-06-17
   days on market $178,000 Active 187 DOM
3. 2026-06-16
   days on market $178,000 Active 186 DOM
4. 2026-06-15
   days on market $178,000 Active 185 DOM
5. 2026-06-13
   days on market $178,000 Active 183 DOM
6. 2026-06-13
   days on market $178,000 Active 182 DOM
7. 2026-06-09
   days on market $178,000 Active 179 DOM
8. 2026-06-08
   days on market $178,000 Active 178 DOM
9. 2026-06-07
   days on market $178,000 Active 177 DOM
10. 2026-06-04
    days on market $178,000 Active 174 DOM
11. 2026-06-03
    days on market $178,000 Active 173 DOM
12. 2026-06-02
    days on market $178,000 Active 172 DOM
13. 2026-06-01
    days on market $178,000 Active 171 DOM
14. 2026-05-31
    days on market $178,000 Active 170 DOM
15. 2026-05-04
    price $178,000
16. 2025-12-12
    listed $189,000 Active
17. 2025-01-18
    historical
18. 2020-12-06
    historical
19. 2020-07-25
    price $61,000
20. 2020-06-06
    listed $65,000 Active
21. 2020-05-21
    historical
22. 2020-01-24
    price $65,000
23. 2019-11-25
    listed $72,000
24. 2019-11-20
    listed $72,000 Active
25. 2019-08-14
    historical
26. 2019-02-21
    listed $75,000 Active
27. 2015-10-02
    soldstatus $43,900 Sold
28. 2015-09-20
    status Pending
29. 2015-08-19
    listed $44,900 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 2/10 Low
• 🌡 Heat 4/10 Moderate 5 d/yr ≥86°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,648
• − Mortgage interest: −$9,971
• − Property taxes: −$2,670
• − Insurance: −$890
• − Repairs & maintenance: −$3,252
• − Management: −$3,252
• − Depreciation: −$5,178
• Taxable income: $15,435
• Est. tax owed @ 24.0%: −$3,705
• After-tax cash flow: $13,646/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: Sweetwater Union High
• NCES district ID: 0638640
• Math proficiency: 36% ▲ 3.00%
• Reading proficiency: 52% ▼ -2.00%
• Median HH income: $59,051
• Composite: 38.61/100
• National rank: #4158
• State rank: #187 of 517 in CA

Livability — San Diego

• Score: 75/100
• State rank: #123
• US rank: #4206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Diego, CA
• County: San Diego County · 3,178,799 people
• City population: 1,397,612
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 80,445
• Household income: $94,901
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2959.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (68%)
• Race & ethnicity: Hispanic / Latino 68% Two or more races 30% White 12% Asian 12% Black 5% Native American 1%
• Hispanic origin (detail): Mexican 65%
• Foreign-born: 32% · Canada, China
• Languages at home: 35% English-only · Spanish 56% Tagalog/Filipino 7% Chinese 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -568.62%
• Current HPI: 393.1836
• Rent YoY: ▼ -0.52%
• Metro: San Diego-Chula Vista-Carlsbad, 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

+296.4% since first listed

15 events — show timeline

• 2026-05-04 Price Changed $178,000 SDMLS
• 2025-12-12 Listed $189,000 SDMLS
• 2025-01-18 Listing Removed — SDMLS
• 2020-12-06 Listing Removed — SDMLS
• 2020-07-25 Price Changed $61,000 SDMLS
• 2020-06-06 Listed $65,000 SDMLS
• 2020-05-21 Listing Removed — SDMLS
• 2020-01-24 Price Changed $65,000 SDMLS
• 2019-11-25 Listed $72,000 SDMLS
• 2019-11-20 Listed $72,000 SDMLS
• 2019-08-14 Listing Removed — SDMLS
• 2019-02-21 Listed $75,000 SDMLS
• 2015-10-02 Sold (MLS) $43,900 SDMLS
• 2015-09-20 Pending — SDMLS
• 2015-08-19 Listed $44,900 SDMLS