3340 Del Sol Blvd #217 · San Diego, CA 92154

$130,000

2 bd · 2.0 ba · 1,296 sqft · Manufactured public records · 46 Days on market

Built 1979 39 ac lot Est $171k · 24% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 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 MLS

Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

Key facts

• Huge back deck
• Natural light
• Curb appeal

Tags

• HUGE BACK DECK
• NATURAL LIGHT
• CURB APPEAL

Property features AI

Finance

• Other: Park name: Ocean Bluffs Mobile Home Estates; Directions: Take the first immediate left after entering community gate, then the first right; property is at the end of the street
• Financial info: Land lease amount: $1,818 (buyer to verify assessments)
• HOA & community: Senior community; Community features include a park; Land lease present

Exterior

• Parking: 2 parking spaces; 2-car garage spaces
• Utilities: Septic (type unknown)
• Home design: Single-story property; Mobile home (12' x 54') — mobile home remains; Located in a senior community (Ocean Bluffs Mobile Home Estates)
• Construction: Mobile home construction
• Exterior features: Community pool; Patio home; Located on a cul-de-sac; Level/flat lot; Close to clubhouse; Garden; Has a view

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Cooling: see remarks
• Interior features: One-level home with entry on the side; Entry room
• Laundry & utility: Laundry inside in a dedicated room; Laundry notes: see remarks

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 23.7% 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.
• Zoned schools: Howard Pence Elementary (math 11% / reading 17%, grade F, #1,452 of 1,571 statewide, top 93%, 495 students, 74% FRL); Montgomery Middle (math 23% / reading 38%, grade F, #215 of 498 statewide, top 43%, 730 students, 82% FRL); Montgomery Senior High (math 28% / reading 53%, grade F, #508 of 1,170 statewide, top 44%, 1,745 students, 80% FRL) — zoned schools average 79% FRL vs 53% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 44% district-wide (-16 pts) — the specific schools serving this property underperform the Sweetwater Union High average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 208 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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 $899 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 9y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; list at $130k implies a 183% gain — meaningful room to come down on a strong offer.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 2.59% ✓
• Cap rate: 23.67%
• Cash-on-cash: 62.08%
• DSCR: 3.76
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $171,072
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3340 Del Sol Blvd #144	0.09mi	2/2.0	1,344 (+4%)	2mo	$195,000	$145	88
3340 Del Sol Blvd #196	0.00mi	2/2.0	1,344 (+4%)	8mo	$170,000	$126	87
3340 Del Sol Blvd #161	0.00mi	2/2.0	1,200 (-7%)	2mo	$85,000	$71	86
3340 Del Sol #215	0.00mi	2/2.0	1,440 (+11%)	6mo	$190,000	$132	76
3340 Del Sol Blvd, Unit 158	0.09mi	2/2.0	1,440 (+11%)	2mo	$125,000	$87	76
3340 Del Sol Blvd Spc 126	0.00mi	2/2.0	1,440 (+11%)	7mo	$150,000	$104	76
3340 Del Sol Blvd #180	0.09mi	2/2.0	1,440 (+11%)	2mo	$85,000	$59	75
3340 Del Sol Blvd #21	0.00mi	2/2.0	1,440 (+11%)	8mo	$177,000	$123	74
3340 Del Sol Blvd #237	0.00mi	3/2.0 (+1)	1,440 (+11%)	5mo	$198,000	$138	72
3340 Del Sol Blvd #102	0.09mi	3/2.0 (+1)	1,440 (+11%)	1mo	$217,000	$151	71
3340 Del Sol Blvd #249	0.00mi	2/2.0	1,152 (-11%)	13mo	$163,000	$141	71
3340 Del Sol Blvd #209	0.00mi	3/2.0 (+1)	1,431 (+10%)	15mo	$275,000	$192	65

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: 57.7%
• Equity multiple: 3.44×
• Total profit: $88,967
• Equity at exit: $19,383

10-year hold

• IRR: 61.5%
• Equity multiple: 6.32×
• Total profit: $193,642
• Equity at exit: $11,240

Cash invested: $36,400 (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 92154

• Rents YoY: -0.5%
• Active inventory: 208
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $3,370 high
• Mortgage (P&I): −$682
• Tax from tax record: −$44 /mo · $522/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $1,883

Break-even live

Break-even rent $987

Max offer price $130,000

Occupancy floor 39%

Sensitivity live

Price	-10% $1,957	-5% $1,920	+0% $1,883	+5% $1,846	+10% $1,809
Rent	-10% $1,617	-5% $1,750	+0% $1,883	+5% $2,016	+10% $2,149
Rate	-1.0pp $1,949	-0.5pp $1,916	base $1,883	+0.5pp $1,849	+1.0pp $1,815

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 17 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	18d	1	0.32mi
3624 Marzo St San Diego, CA	3.0	2.0	1330	$3,295	$2.48	20d	1	0.34mi
3590 Arey Dr San Diego, CA	3.0	2.0	1061	$3,995	$3.77	0d	1	0.36mi
813 Beyer Way San Diego, CA	3.0	2.5	1495	$3,500	$2.34	4d	1	0.38mi
3822 Enero Ct San Diego, CA	3.0	2.0	1012	$3,850	$3.80	11d	1	0.50mi
1515 Kenalan Dr San Diego, CA	3.0	2.0	1140	$3,500	$3.07	0d	1	0.74mi
3763 Via del Bardo San Ysidro, CA	3.0	2.5	1472	$4,200	$2.85	4d	1	0.76mi
2709 Elm Ave Unit B San Diego, CA	3.0	3.0	1560	$3,449	$2.21	0d	1	0.94mi
2683 Caulfield Dr San Diego, CA	3.0	2.0	1445	$3,995	$2.76	0d	1	0.97mi
1587 Oro Vista Rd San Diego, CA	1.0–2.0	1.0–2.0	805	$2,495	$3.10	0d	3	1.12mi
1394 Oro Vista Rd San Diego, CA	2.0	2.0	1027	$2,772	$2.70	0d	3	1.19mi
4483 Corona Borealis San Diego, CA	2.0	2.5	1400	$3,800	$2.71	16d	1	1.32mi
2367 Grove Ave San Diego, CA	1.0–2.0	1.0	741	$2,495	$3.36	3d	4	1.34mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	0d	9	1.38mi
1001 Outer Rd San Diego, CA	2.0	2.0	1000	$2,538	$2.54	3d	5	1.40mi
217 Date St Unit B Chula Vista, CA	3.0	2.5	1228	$3,500	$2.85	4d	1	1.41mi
1100 Dennery Rd San Diego, CA	1.0–3.0	1.0–2.0	975	$3,052	$3.13	0d	27	1.41mi

Listing history 50 events

1. 2026-06-21
   pricedays on market $130,000 Active 46 DOM
2. 2026-06-18
   days on market $150,000 Active 43 DOM
3. 2026-06-17
   days on market $150,000 Active 42 DOM
4. 2026-06-16
   days on market $150,000 Active 41 DOM
5. 2026-06-15
   days on market $150,000 Active 40 DOM
6. 2026-06-13
   days on market $150,000 Active 38 DOM
7. 2026-06-13
   days on market $150,000 Active 37 DOM
8. 2026-06-09
   days on market $150,000 Active 34 DOM
9. 2026-06-08
   days on market $150,000 Active 33 DOM
10. 2026-06-07
    days on market $150,000 Active 32 DOM
11. 2026-06-04
    days on market $150,000 Active 29 DOM
12. 2026-06-03
    days on market $150,000 Active 28 DOM
13. 2026-06-02
    days on market $150,000 Active 27 DOM
14. 2026-06-01
    days on market $150,000 Active 26 DOM
15. 2026-05-31
    days on market $150,000 Active 25 DOM
16. 2026-05-04
    listed $150,000 Active
17. 2021-07-22
    soldstatus $46,000 Closed Sale 321-char remark

    Show marketing remark (321 chars)

    Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

18. 2021-05-18
    historical Active Under Contract 321-char remark

    Show marketing remark (321 chars)

    Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

19. 2021-05-02
    price $44,900 321-char remark

    Show marketing remark (321 chars)

    Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

20. 2021-04-02
    price $49,900 321-char remark

    Show marketing remark (321 chars)

    Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

21. 2021-02-12
    listed $59,900 Active 321-char remark

    Show marketing remark (321 chars)

    Beautiful mobile home at Ocean Bluffs Estates. Spacious 2 bedroom, 2 bathroom with panoramic wide porch looking over trees and park. An oasis of tranquility in the heart of Otay. Has 2 space carport, community pool, community jacuzzi, laundry room, clubhouse and guest parking. Buyer must be approved by mobile home park.

22. 2020-09-30
    historical
23. 2020-08-07
    price $49,000
24. 2020-08-07
    price $49,000
25. 2020-03-02
    listed $55,000 Active
26. 2020-02-20
    historical
27. 2020-02-20
    historical
28. 2020-02-19
    price $65,000
29. 2020-02-19
    price $65,000
30. 2020-02-18
    status Active
31. 2020-02-18
    status Active
32. 2020-01-25
    listed Active Under Contract
33. 2020-01-24
    listed Contingent
34. 2019-12-19
    listed $90,000
35. 2019-12-19
    listed $90,000
36. 2019-12-18
    historical
37. 2019-12-17
    historical
38. 2019-09-18
    status Active
39. 2019-09-16
    historical
40. 2019-09-06
    price $68,000
41. 2019-05-31
    price $79,999
42. 2019-03-30
    listed $112,000 Active
43. 2019-03-30
    listed $68,000
44. 2018-02-15
    soldstatus $38,000
45. 2018-02-15
    soldstatus $38,000 Sold
46. 2018-02-06
    status Pending
47. 2018-02-01
    historical
48. 2018-01-18
    price $33,000
49. 2018-01-04
    price $38,000
50. 2018-01-04
    status Active

ⓘ 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: $522 · $44/mo
• Projected year-2 tax: $988 · $82/mo
• Expected delta: +$466/yr (+$39/mo · 89.3%)

ⓘ 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 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: $40,442
• − Mortgage interest: −$7,282
• − Property taxes: −$522
• − Insurance: −$650
• − Repairs & maintenance: −$3,235
• − Management: −$3,235
• − Depreciation: −$3,782
• Taxable income: $21,735
• Est. tax owed @ 24.0%: −$5,217
• After-tax cash flow: $17,380/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

+354.5% since first listed

40 events — show timeline

• 2026-05-04 Listed $150,000 CRMLS
• 2021-07-22 Sold (MLS) $46,000 CRMLS
• 2021-05-18 Contingent — CRMLS
• 2021-05-02 Price Changed $44,900 CRMLS
• 2021-04-02 Price Changed $49,900 CRMLS
• 2021-02-12 Listed $59,900 CRMLS
• 2020-09-30 Listing Removed — CRMLS
• 2020-08-07 Price Changed $49,000 SDMLS
• 2020-08-07 Price Changed $49,000 CRMLS
• 2020-03-02 Listed $55,000 CRMLS
• 2020-02-20 Listing Removed — CRMLS
• 2020-02-20 Listing Removed — SDMLS
• 2020-02-19 Price Changed $65,000 SDMLS
• 2020-02-19 Price Changed $65,000 CRMLS
• 2020-02-18 Relisted — CRMLS
• 2020-02-18 Relisted — SDMLS
• 2020-01-25 Listed — CRMLS
• 2020-01-24 Listed — SDMLS
• 2019-12-19 Listed $90,000 CRMLS
• 2019-12-19 Listed $90,000 SDMLS
• 2019-12-18 Listing Removed — SDMLS
• 2019-12-17 Listing Removed — CRMLS
• 2019-09-18 Relisted — SDMLS
• 2019-09-16 Listing Removed — SDMLS
• 2019-09-06 Price Changed $68,000 SDMLS
• 2019-05-31 Price Changed $79,999 SDMLS
• 2019-03-30 Listed $68,000 CRMLS
• 2019-03-30 Listed $112,000 SDMLS
• 2018-02-15 Sold (MLS) $38,000 SDMLS
• 2018-02-15 Sold (MLS) $38,000 CRMLS
• 2018-02-06 Pending — SDMLS
• 2018-02-01 Listing Removed — CRMLS
• 2018-01-18 Price Changed $33,000 SDMLS
• 2018-01-04 Price Changed $38,000 SDMLS
• 2018-01-04 Relisted — SDMLS
• 2017-12-29 Pending — SDMLS
• 2017-11-15 Price Changed $43,000 SDMLS
• 2017-11-03 Price Changed $49,000 SDMLS
• 2017-11-01 Listed $49,900 SDMLS
• 2017-10-30 Listed $33,000 CRMLS

Property tax history

+3.2%/yr

Latest (2013): $522 · +4.7% YoY. Source: county tax records.