78 El Prado Ln · Oceanside, CA 92058

$249,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured · 50 Days on market

Built 1968 14 ac lot $216/sqft · 8% below area Est $270k · 8% under

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Why this score? — see what drove the C 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 +23.4/30.0
• ARV discount +11.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.1/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready 2-bedroom, 2-bath home located in a well-maintained 55+/18+ community with low space rent of only $592/month. This home has been thoughtfully improved with new flooring, fresh interior paint, and a renovated kitchen featuring modern finishes that enhance the overall feel of the space. The functional layout offers comfortable everyday living with bright, open living areas and natural light throughout. The kitchen and main living spaces flow easily, creating a practical and inviting environment for both relaxing and entertaining. Residents enjoy access to a community pool and peaceful surroundings, all within close proximity to shopping, dining, and a short drive to the beach. A

Key facts

• Move-in ready
• Recently remodeled
• Refreshed interior

Tags

• RECENTLY REMODELED
• MOVE-IN READY
• REFRESHED INTERIOR
• MODERN FINISHES
• FUNCTIONAL LAYOUT
• MINUTES FROM SHOPPING

Property features AI

Finance

• Other: Park name: Mission View West
• Financial info: Monthly land lease: $591
• HOA & community: Senior community; Land lease community

Exterior

• Parking: 2 carport spaces; 2 total parking spaces; Located in the Mission View West park
• Utilities: Assessor's data lists lot size
• Home design: Mobile home (12' x 48'); Single-story; Mobile home remains
• Construction: Mobile construction
• Exterior features: Community pool; Close to clubhouse; Curbs

Interior

• Kitchen: Kitchen (appliances not listed)
• Bedrooms: Primary bedroom; Primary suite
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: One-level home; Entry located at the carport; Has view
• Laundry & utility: Laundry inside; Washer included; Dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $249k.

Deal economics

• At list price, monthly cash flow is $334 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $249k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.5% in Oceanside — 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 64/100 on livability (#413 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A; Watch: schools D+, crime D, cost of living F.
• Oceanside Unified (suburban): math 31% / reading 51% proficiency, ranked #221 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.1%/yr); 69 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• At $2,759/mo this rent would consume 47% of the median local household income ($70k/yr) (locally 4169% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A99 (mandatory federal flood insurance); extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $241,530 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.11% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.90%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (median comp): $270,000
• List price: $249,000
• Delta: -7.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
88 Estrella Ln	0.07mi	2/2.0	1,168 (+1%)	6mo	$249,000	$213	90
221 N El Camino Real #67	0.13mi	3/2.0 (+1)	1,080 (-6%)	3mo	$265,000	$245	76
138 Steven Ln	0.30mi	2/2.0	1,136 (-1%)	10mo	$255,500	$225	75
41 Chico Ln	0.09mi	2/2.0	1,080 (-6%)	16mo	$160,000	$148	72
2 Bahia Ln	0.10mi	2/2.0	1,000 (-13%)	2mo	$150,000	$150	72
200 N El Camino Real #293	0.39mi	2/2.0	1,152 (0%)	14mo	$209,000	$181	70
57 El Morro Ln	0.07mi	2/2.0	1,040 (-10%)	14mo	$200,000	$192	69
221 N El Camino Real #46	0.09mi	2/2.0	1,296 (+12%)	10mo	$268,500	$207	67
200 N El Camino Real #67	0.32mi	2/2.0	1,080 (-6%)	9mo	$230,000	$213	67
221 N El Camino Real Real #57	0.09mi	2/2.0	1,008 (-12%)	14mo	$262,000	$260	63
276 N El Camino Real #120	0.32mi	2/2.0	1,248 (+8%)	12mo	$365,500	$293	61
276 N El Camino Real #59	0.32mi	2/2.0	1,296 (+12%)	7mo	$285,000	$220	58

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: -11.0%
• Equity multiple: 0.61×
• Total profit: $-27,058
• Equity at exit: $37,127

10-year hold

• IRR: -7.1%
• Equity multiple: 0.61×
• Total profit: $-26,956
• Equity at exit: $21,529

Cash invested: $69,720 (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 92058

• Home prices YoY: -34.9%
• Rents YoY: -0.1%
• Active inventory: 69
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,759 high
• Mortgage (P&I): −$1,306
• Tax est. 1.5%: −$311 /mo · $3,735/yr
• Insurance: −$104
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$579
• Net cashflow: $334

Break-even live

Break-even rent $2,337

Max offer price $249,000

Occupancy floor 83%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
141 Douglas Dr Unit 75 Oceanside, CA	2.0	2.0	1298	$2,375	$1.83	4d	1	0.03mi
266 N El Camino Real Oceanside, CA	2.0	1.0	865	$2,500	$2.89	11d	4	0.12mi
200 N El Camino Real #263 Oceanside, CA	2.0	2.0	1440	$2,475	$1.72	4d	1	0.30mi
200 N El Camino Real #52 Oceanside, CA	2.0	2.0	1500	$2,750	$1.83	4d	1	0.30mi
200 N El Camino Real #291 Oceanside, CA	2.0	1.0	756	$2,055	$2.72	24d	1	0.30mi
283 Douglas Dr Oceanside, CA	2.0–3.0	2.0	1017	$2,439	$2.40	1d	7	0.35mi
550 Los Arbolitos Blvd Oceanside, CA	1.0–3.0	1.0–2.0	933	$2,634	$2.82	1d	19	0.50mi
615 Fredricks Ave #166 Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	43d	1	0.51mi
615 Fredricks Ave Unit 2nd floor Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	24d	1	0.51mi
263 San Dimas Ave Oceanside, CA	2.0	2.0	908	$3,850	$4.24	43d	1	0.52mi
3891 San Ramon Dr Oceanside, CA	1.0–2.0	1.0–2.0	814	$2,908	$3.57	1d	20	0.59mi
264 Rancho Del Oro Dr Oceanside, CA	2.0	1.0–2.0	988	$2,774	$2.81	1d	17	0.65mi
359 San Dimas Ave Oceanside, CA	2.0	1.0	820	$3,000	$3.66	20d	1	0.71mi
4110 Sitio Flor Oceanside, CA	3.0	2.0	1366	$3,595	$2.63	43d	1	0.75mi
3685 Vista Campana N #74 Oceanside, CA	2.0	2.0	1099	$2,550	$2.32	24d	1	0.80mi
4213 La Casita Way #4 Oceanside, CA	2.0	2.5	1210	$2,695	$2.23	43d	1	0.84mi
4212 Vista del Rio Way #2 Oceanside, CA	2.0	2.5	1224	$2,800	$2.29	43d	1	0.84mi
4203 Mission Ranch Way Oceanside, CA	2.0	2.5	1284	$3,400	$2.65	43d	1	0.85mi
4398 Rainier Way Oceanside, CA	1.0–2.0	1.0–2.0	827	$2,750	$3.32	1d	6	0.93mi
4233 Vista Panorama Way Oceanside, CA	2.0	2.5	1250	$1,500	$1.20	43d	1	0.94mi
4479 Brisbane Way #6 Oceanside, CA	2.0	2.0	1141	$2,995	$2.62	4d	1	0.94mi
3452 Las Vegas Dr Oceanside, CA	3.0	2.0	1150	$3,995	$3.47	24d	1	0.95mi
4236 Vista del Rio Way #2 Oceanside, CA	2.0	2.5	1500	$2,695	$1.80	20d	1	0.95mi
4483 Brisbane Way #1 Oceanside, CA	2.0	2.0	1141	$3,000	$2.63	43d	1	0.96mi
4265 Mesa Vista Way #3 Oceanside, CA	2.0	2.5	1210	$2,900	$2.40	43d	1	0.98mi
4243 Arroyo Vista Way #330 Oceanside, CA	2.0	2.0	791	$3,700	$4.68	43d	1	1.00mi
4251 Arroyo Vista Way #344 Oceanside, CA	3.0	2.0	1094	$3,850	$3.52	43d	1	1.04mi
634 Sumner Way #1 Oceanside, CA	2.0	2.0	1141	$2,895	$2.54	4d	1	1.05mi
771 Iverson Point Way Oceanside, CA	2.0	1.5	1104	$3,050	$2.76	14d	1	1.12mi
3625 Dearborn St Oceanside, CA	2.0	1.5	1050	$3,000	$2.86	12d	1	1.19mi
3901 Mesa Dr Oceanside, CA	1.0–3.0	1.0–2.0	846	$2,755	$3.26	1d	19	1.21mi
185 Avenida Las Brisas Apt A Oceanside, CA	3.0	2.0	1350	$3,100	$2.30	43d	1	1.25mi
4269 Black Duck Way Oceanside, CA	2.0	2.0	1056	$2,800	$2.65	10d	1	1.30mi
746 Point Arguello Oceanside, CA	3.0	2.0	1260	$3,495	$2.77	24d	1	1.36mi
4504 Goldfinch Way Oceanside, CA	3.0	2.5	1436	$3,400	$2.37	24d	1	1.36mi
4459 Anne Sladon St Oceanside, CA	3.0	1.0	1161	$2,950	$2.54	24d	1	1.37mi
190 Avenida Descanso Oceanside, CA	2.0	2.0	912	$2,650	$2.91	1d	1	1.42mi
4401 Mission Ave Oceanside, CA	1.0–3.0	1.0–2.0	975	$3,218	$3.30	1d	12	1.42mi
4560 Anne Sladon St Oceanside, CA	2.0	1.0	837	$3,000	$3.58	43d	1	1.47mi
757 Sunningdale Dr Oceanside, CA	3.0	2.0	1400	$4,200	$3.00	17d	1	1.47mi

Listing history 15 events

1. 2026-06-18
   days on market $249,000 Active 50 DOM
2. 2026-06-17
   days on market $249,000 Active 49 DOM
3. 2026-06-16
   days on market $249,000 Active 48 DOM
4. 2026-06-15
   days on market $249,000 Active 47 DOM
5. 2026-06-13
   days on market $249,000 Active 45 DOM
6. 2026-06-13
   days on market $249,000 Active 44 DOM
7. 2026-06-09
   days on market $249,000 Active 41 DOM
8. 2026-06-08
   days on market $249,000 Active 40 DOM
9. 2026-06-07
   days on market $249,000 Active 39 DOM
10. 2026-06-04
    days on market $249,000 Active 36 DOM
11. 2026-06-03
    days on market $249,000 Active 35 DOM
12. 2026-06-02
    days on market $249,000 Active 34 DOM
13. 2026-06-01
    days on market $249,000 Active 33 DOM
14. 2026-05-31
    days on market $249,000 Active 32 DOM
15. 2026-04-03
    listed $249,000 Active 841-char remark

ⓘ 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 4/10 Moderate FEMA zone A99 · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥86°F today · 23 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,110
• − Mortgage interest: −$13,948
• − Property taxes: −$3,735
• − Insurance: −$2,748
• − Repairs & maintenance: −$2,649
• − Management: −$2,649
• − Depreciation: −$7,244
• Taxable income: $139
• Est. tax owed @ 24.0%: −$33
• After-tax cash flow: $3,972/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: Oceanside Unified
• NCES district ID: 0628250
• Math proficiency: 31% ▼ -5.00%
• Reading proficiency: 51% ▲ 6.00%
• Median HH income: $55,158
• Composite: 35.74/100
• National rank: #4853
• State rank: #221 of 517 in CA

Livability — Oceanside

• Score: 64/100
• State rank: #413
• US rank: #14081

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oceanside, CA
• County: San Diego County · 3,178,799 people
• City population: 198,702
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 49,834
• Household income: $69,970
• Rent vs Own: 74.6% rent · 25.4% own
• Severe rent burden: 4169.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 43% White 38% Two or more races 25% Black 6% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 34% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 1% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 68% English-only · Spanish 26% Tagalog/Filipino 2% Other Asian/Pacific 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: ▼ -223.54%
• Current HPI: 417.6464
• Rent YoY: ▼ -0.11%
• 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

1 event — show timeline

• 2026-04-03 Listed $249,000 CRMLS