144 La Fortuna · Thousand Oaks, CA 91320

$377,000

2 bd · None ba · 1,440 sqft · Manufactured · 14 Days on market

Built 1974 Good condition 1,440 sqft lot Est $354k · 6% over

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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 +17.5/30.0
• Schools +6.0/10.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• ARV discount +4.6/15.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautifully renovated 2-bedroom, 2-bath home offering 1,440 square feet of thoughtfully designed living space in the highly desirable Vallecito Estates. Nestled on a quiet cul-de-sac near guest parking, this move-in-ready residence showcases exceptional attention to detail throughout. Step inside through the elegant leaded-glass front door and discover beautiful laminate flooring, upgraded baseboards, crown molding, and a freshly painted interior. The open-concept floor plan seamlessly connects the spacious living room, featuring an electric fireplace, abundant natural light, and custom plantation shutters, to the inviting dining area complete with a built-in storage cabinet

Key facts

• Laminate flooring
• Renovated home
• Upgraded baseboards

Tags

• RENOVATED HOME
• LEADED GLASS FRONT DOOR
• LAMINATE FLOORING
• UPGRADED BASEBOARDS
• CROWN MOLDING
• OPEN CONCEPT FLOOR PLAN

Property features AI

Finance

• Other: Disclosures: Pet restrictions, Rent control; Possession at close of escrow; Property is approved (approval status: Yes)
• Financial info: Acceptable financing: Conventional or Cash
• HOA & community: Land lease: Lease (park model); Association pet rules apply

Exterior

• Parking: 2-space carport; No attached garage
• Security: Carbon monoxide detector(s); Gated community
• Utilities: Walkable location
• Home design: Single-level mobile home (Model: Kirkwood); Mobile home dimensions approximately 24' x 60'; Entry at ground level with steps; Located in a senior, gated community (community security)
• Construction: Metal roof; Raised foundation with pier jacks; Built in 1974; Manufactured home (Make: FUQUA)
• Exterior features: Covered front porch; Plantation shutters; Window screens; Vertical blinds; Private heated and filtered pool; Spa (yes); Updated/remodeled condition; View

Interior

• Kitchen: Gas appliances
• Bedrooms: 2 bedrooms
• Bathrooms: No bathrooms listed
• Heating & cooling: Ceiling fan(s); Heating present
• Interior features: Recessed lighting; Wet bar; Bar; Grab bars in bath(s); No interior steps; Handicap access; Ramp to main level
• Laundry & utility: Laundry in a dedicated interior room (inside)

What this means for you Summary

Snapshot

• This is a 2-bed/?-bath manufactured listed at $377k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $291 ($3k/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 $367k (2.7% below list).
• Recommended offer: $367k (2.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 2.8% in Thousand Oaks — 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 70/100 on livability (#226 in CA) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, employment A+; Watch: cost of living F, health & safety F.
• Conejo Valley Unified (urban): math 57% / reading 72% proficiency, ranked #59 of 517 in CA (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 144 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,759 units permitted in Ventura County in 2024 (1,196 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Ventura County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $366,685 (2.7% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.97% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.31%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $354,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
252 El Gallardo	0.06mi	2/2.0	1,428 (-1%)	3mo	$350,000	$245	93
249 El Gallardo	0.05mi	2/2.0	1,440 (0%)	6mo	$340,000	$236	93
277 Monte Vis	0.12mi	2/2.0	1,440 (0%)	11mo	$360,000	$250	85
110 La Fortuna #110	0.07mi	2/2.0	1,404 (-2%)	10mo	$260,000	$185	84
296 Vista Conejo	0.24mi	3/2.0 (+1)	1,440 (0%)	1mo	$399,000	$277	83
10 La Lomita #0	0.22mi	2/2.0	1,440 (0%)	8mo	$250,000	$174	83
272 Monte Vis	0.11mi	2/2.0	1,348 (-6%)	3mo	$372,000	$276	82
46 La Encina	0.19mi	2/2.0	1,344 (-7%)	7mo	$190,000	$141	74
24 La Encina	0.22mi	3/2.0 (+1)	1,344 (-7%)	2mo	$330,000	$246	72
19 La Encina #0	0.21mi	3/2.0 (+1)	1,536 (+7%)	8mo	$399,000	$260	67
188 La Reina #188	0.18mi	3/2.0 (+1)	1,344 (-7%)	10mo	$267,000	$199	67
238 Vista Conejo	0.22mi	3/2.0 (+1)	1,344 (-7%)	10mo	$334,000	$249	66

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 · 0.3% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.51×
• Total profit: $-52,172
• Equity at exit: $56,212

10-year hold

• IRR: -10.5%
• Equity multiple: 0.44×
• Total profit: $-59,013
• Equity at exit: $32,596

Cash invested: $105,560 (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 91320

• Rents YoY: 0.3%
• Active inventory: 144
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $3,667 medium
• Mortgage (P&I): −$1,977
• Tax est. 1.5%: −$471 /mo · $5,655/yr
• Insurance: −$157
• HOA: −$0
• Vacancy / Maint / Mgmt: −$770
• Net cashflow: $291

Break-even live

Break-even rent $3,298

Max offer price $377,000

Occupancy floor 87%

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: $94,250
• Closing costs: $11,310
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1194 Vista Canyon Ln Newbury Park, CA	3.0	3.0	1384	$3,800	$2.75	44d	1	0.29mi
1194 Vista Conyon #17 Newbury Park, CA	3.0	2.5	1384	$3,800	$2.75	24d	1	0.29mi
3444 Melvin Ct Newbury Park, CA	3.0	2.0	1308	$3,600	$2.75	10d	1	0.76mi
198 San Vincente Cir Newbury Park, CA	2.0	2.0	1334	$3,500	$2.62	44d	1	0.89mi

Listing history 12 events

1. 2026-06-18
   days on market $377,000 Active 14 DOM
2. 2026-06-17
   days on market $377,000 Active 13 DOM
3. 2026-06-16
   days on market $377,000 Active 12 DOM
4. 2026-06-15
   days on market $377,000 Active 11 DOM
5. 2026-06-13
   days on market $377,000 Active 9 DOM
6. 2026-06-13
   days on market $377,000 Active 8 DOM
7. 2026-06-10
   days on market $377,000 Active 6 DOM
8. 2026-06-09
   days on market $377,000 Active 5 DOM
9. 2026-06-08
   days on market $377,000 Active 4 DOM
10. 2026-06-07
    days on market $377,000 Active 3 DOM
11. 2026-06-05
    remarks 699-char remark
12. 2026-06-05
    listed $377,000 Active 1 DOM

ⓘ 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 7/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,002
• − Mortgage interest: −$21,118
• − Property taxes: −$5,655
• − Insurance: −$1,885
• − Repairs & maintenance: −$3,520
• − Management: −$3,520
• − Depreciation: −$10,967
• Taxable loss: −$2,663
• Est. tax savings @ 24.0%: +$639
• After-tax cash flow: $4,137/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 · 13 photos

Good 80/100 Cosmetic rehab

This beautifully renovated 2-bedroom home in Vallecito Estates is move-in ready and in good condition. It has a well-maintained exterior, clean interior, and vibrant landscaping.

Value-add opportunities

• Both Painting the exterior and interior walls — Painting the exterior and interior walls can enhance the home's curb appeal and interior aesthetics, making it more attractive to potential buyers and renters.
• Both Landscaping improvements — Landscaping improvements can enhance the home's curb appeal and increase its value by making it more attractive to potential buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Painting the exterior and interior walls can enhance the home's curb appeal and interior aesthetics, making it more attractive to potential buyers and renters. ↑
• Both Landscaping improvements — Landscaping improvements can enhance the home's curb appeal and increase its value by making it more attractive to potential buyers and renters. ↑

ⓘ 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: Conejo Valley Unified
• NCES district ID: 0609640
• Math proficiency: 57% ▬ 0.00%
• Reading proficiency: 72% ▲ 6.00%
• Median HH income: $100,413
• Composite: 59.57/100
• National rank: #914
• State rank: #59 of 517 in CA

Livability — Thousand Oaks

• Score: 70/100
• State rank: #226
• US rank: #7364

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Thousand Oaks, CA
• County: Ventura County · 829,955 people
• City population: 121,704
• Metro: Oxnard-Thousand Oaks-Ventura, CA
• Population (ZIP): 43,472
• Household income: $148,991
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 756.0

Population outlook (Ventura County) Hauer SSP2

• Today (2025): 895,754 people
• By 2030: 912,134 · +1.8%
• By 2040: 931,454 · +4.0%
• By 2050: 934,609 · +4.3%
• By 2075: 924,899 · +3.3%
• By 2100: 864,712 · -3.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Hispanic / Latino 19% Two or more races 16% Asian 11% Black 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 3%
• Foreign-born: 19% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 12% Other Indo-European 4% Chinese 2%

Political lean MEDSL · Ventura

• 2024 margin: D (+15.1) · D 56.1% · R 41.0% · Other 2.9%
• 2008→2024 swing: +2.8pp toward D · 2008: 12.3pp · 2024: 15.1pp
• All cycles: 2024: D+15.1 2020: D+21.1 2016: D+16.8 2012: D+5.3 2008: D+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -917.39%
• Current HPI: 283.6467
• Rent YoY: ▲ 0.30%
• Metro: Oxnard-Thousand Oaks-Ventura, 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

1 event — show timeline

• 2026-06-04 Listed $377,000 CSMAR