3340 Del Sol Blvd Spc 223 · San Diego, CA 92154

$199,999

2 bd · 2.0 ba · 1,440 sqft · Manufactured · 73 Days on market

Built 1979 39 ac lot Est $190k · 5% over

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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 +5.2/15.0
• 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

Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

Key facts

• Gated community
• Private backyard
• Jacuzzi

Tags

• GATED COMMUNITY
• ENCLOSED PATIO
• PRIVATE BACKYARD
• LARGE SWIMMING POOL
• JACUZZI
• BEAUTIFULLY MAINTAINED GROUNDS

Property features AI

Finance

• HOA & community: Community clubhouse; Meeting room; Pool; Recreation facilities; Playground; Senior community (Ocean Bluffs)

Exterior

• Parking: 2 parking spaces
• Security: Gated community with security gate
• Utilities: Sewer connected
• Home design: Manufactured home; Single-story; Residential property in a gated community
• Construction: Aluminum siding
• Exterior features: Enclosed patio/porch; Shed(s); Community pool; Community spa/hot tub

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas oven; Gas range; Range hood
• Bedrooms: 2 possible bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Wall/window air conditioning (electric)
• Interior features: Updated/remodeled interior; Range hood; Gas water heater
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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 $6k 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 $56k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $200k implies a 471% gain — meaningful room to come down on a strong offer.

Recommended offer $187,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.69% ✓
• Cap rate: 14.06%
• Cash-on-cash: 27.73%
• DSCR: 2.23
• GRM: 4.9

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: 18.4%
• Equity multiple: 1.72×
• Total profit: $40,122
• Equity at exit: $29,821

10-year hold

• IRR: 24.6%
• Equity multiple: 2.84×
• Total profit: $102,892
• Equity at exit: $17,292

Cash invested: $56,000 (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: 4.9×

Monthly cashflow live

• Estimated rent: $3,387 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$711
• Net cashflow: $1,294

Break-even live

Break-even rent $1,750

Max offer price $199,999

Occupancy floor 57%

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: $50,000
• Closing costs: $6,000
• 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	16d	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	1d	1	0.36mi
813 Beyer Way San Diego, CA	3.0	2.5	1495	$3,500	$2.34	2d	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	1d	1	0.74mi
3763 Via del Bardo San Ysidro, CA	3.0	2.5	1472	$4,200	$2.85	2d	1	0.76mi
2709 Elm Ave Unit B San Diego, CA	3.0	3.0	1560	$3,449	$2.21	1d	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	1d	4	1.12mi
1394 Oro Vista Rd San Diego, CA	2.0–3.0	2.0	1088	$2,725	$2.50	1d	4	1.19mi
4483 Corona Borealis San Diego, CA	2.0	2.5	1400	$3,800	$2.71	14d	1	1.32mi
2367 Grove Ave San Diego, CA	1.0–2.0	1.0	741	$2,495	$3.36	1d	4	1.34mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	1d	9	1.38mi
1001 Outer Rd San Diego, CA	2.0	2.0	1000	$2,538	$2.54	1d	5	1.40mi
217 Date St Unit B Chula Vista, CA	3.0	2.5	1228	$3,500	$2.85	2d	1	1.41mi

Listing history 27 events

1. 2026-06-18
   days on market $199,999 Active 73 DOM
2. 2026-06-17
   days on market $199,999 Active 72 DOM
3. 2026-06-16
   days on market $199,999 Active 71 DOM
4. 2026-06-15
   days on market $199,999 Active 70 DOM
5. 2026-06-13
   days on market $199,999 Active 68 DOM
6. 2026-06-13
   days on market $199,999 Active 67 DOM
7. 2026-06-09
   days on market $199,999 Active 64 DOM
8. 2026-06-08
   days on market $199,999 Active 63 DOM
9. 2026-06-07
   days on market $199,999 Active 62 DOM
10. 2026-06-04
    days on market $199,999 Active 59 DOM
11. 2026-06-03
    days on market $199,999 Active 58 DOM
12. 2026-06-02
    days on market $199,999 Active 57 DOM
13. 2026-06-01
    days on market $199,999 Active 56 DOM
14. 2026-05-31
    days on market $199,999 Active 55 DOM
15. 2026-04-07
    listed $220,000 Active
16. 2019-09-04
    soldstatus $35,000 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

17. 2019-09-04
    soldstatus $35,000 Sold 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

18. 2019-09-01
    historical 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

19. 2019-08-14
    price $35,000 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

20. 2019-08-14
    status Active 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

21. 2019-08-10
    status Pending 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

22. 2019-05-07
    price $43,500 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

23. 2019-01-21
    price $49,500 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

24. 2018-11-16
    listed $35,000 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

25. 2018-11-16
    listed $56,500 Active 201-char remark

    Show marketing remark (201 chars)

    Great deal on this mobile home in an upscale gated senior community. Community features greenbelts, gorgeous landscape and great amenities. Spacious home with lots of potential! Large rooms throughout.

26. 2009-07-21
    historical
27. 2009-05-05
    listed $65,000

ⓘ 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: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$3,252
• − Management: −$3,252
• − Depreciation: −$5,818
• Taxable income: $13,123
• Est. tax owed @ 24.0%: −$3,150
• After-tax cash flow: $12,377/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

+238.5% since first listed

13 events — show timeline

• 2026-04-07 Listed $220,000 SDMLS
• 2019-09-04 Sold (MLS) $35,000 SDMLS
• 2019-09-04 Sold (MLS) $35,000 CRMLS
• 2019-09-01 Listing Removed — SDMLS
• 2019-08-14 Price Changed $35,000 SDMLS
• 2019-08-14 Relisted — SDMLS
• 2019-08-10 Pending — SDMLS
• 2019-05-07 Price Changed $43,500 SDMLS
• 2019-01-21 Price Changed $49,500 SDMLS
• 2018-11-16 Listed $56,500 SDMLS
• 2018-11-16 Listed $35,000 CRMLS
• 2009-07-21 Listing Removed — SDMLS
• 2009-05-05 Listed $65,000 SDMLS