8200 Bolsa #37 · Midway City, CA 92655

$99,900

2 bd · 2.0 ba · 1,344 sqft · Manufactured · 46 Days on market

Built 1970 Est $179k · 44% under

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Why this score? — see what drove the A 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
• Appreciation +10.0/10.0
• Schools +6.5/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Charming 2-bedroom, 2-bath manufactured home situated on a desirable corner lot in a clean, well-kept community. This home offers a functional layout with a spacious living area, dedicated dining space, and a primary bedroom with its own private bathroom. While the property does need some TLC, it presents a great opportunity for buyers to update and customize to their own style. The corner location provides added privacy and extra outdoor space, highlighted by a mature avocado tree—perfect for enjoying the Southern California lifestyle. Located in a quiet neighborhood with a welcoming atmosphere, this home is ideal for someone looking for value and potential in a great location.

Key facts

• Private bathroom
• Quiet neighborhood
• Corner lot

Tags

• CORNER LOT
• PRIVATE BATHROOM
• MATURE AVOCADO TREE
• QUIET NEIGHBORHOOD

Property features AI

Finance

• Financial info: Land lease of $3,500 per period
• HOA & community: Community offers biking

Exterior

• Parking: Located in Del Prado Bolsa park
• Utilities: Public sewer; District/public water
• Home design: Single-story property; Mobile home remains on site (12' x 56')
• Construction: Estimated year built; Estimated living area
• Exterior features: No pool; Corner lot

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Entry on the main level; Entry faces northeast
• Laundry & utility: No laundry hookup on site

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#624 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+; Watch: crime D+, amenities D, employment F.
• Huntington Beach Union High (suburban): math 65% / reading 82% proficiency, ranked #39 of 517 in CA (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 15 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($691 loan paydown + $10k appreciation (10.0% local appreciation)).
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $20k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,903 (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 1970 — 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. 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?
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: 3.25% ✓
• Cap rate: 28.76%
• Cash-on-cash: 80.26%
• DSCR: 4.57
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $178,752
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8200 BOLSA #181	0.10mi	3/2.0 (+1)	1,368 (+2%)	11mo	$140,000	$102	78
8200 Bosa Ave #92	0.00mi	3/2.0 (+1)	1,147 (-15%)	5mo	$295,000	$257	66
15621 Beach Blvd #30 #30	0.68mi	2/5.0	1,344 (0%)	0mo	$165,000	$123	56
8200 Bolsa Avenue, Unit 58	0.00mi	3/2.0 (+1)	1,152 (-14%)	22mo	$140,000	$122	53
15621 Beach Blvd. #10	0.68mi	2/2.0	1,440 (+7%)	7mo	$191,000	$133	51
15621 Beach Blvd #8	0.68mi	3/2.0 (+1)	1,310 (-2%)	13mo	$250,000	$191	48
15621 Beach Blvd #24	0.68mi	3/2.0 (+1)	1,248 (-7%)	9mo	$157,000	$126	44
15621 Beach Blvd #158	0.68mi	2/2.0	1,248 (-7%)	17mo	$95,000	$76	42
15621 BEACH Blvd #153	0.68mi	3/2.0 (+1)	1,316 (-2%)	23mo	$240,000	$182	40
15621 Beach Blvd #9	0.68mi	2/2.0	1,458 (+8%)	20mo	$164,000	$112	37
15621 Beach Blvd #113	0.68mi	2/2.0	1,224 (-9%)	20mo	$290,000	$237	36
15621 Beach Blvd #112	0.68mi	2/2.0	1,152 (-14%)	18mo	$210,000	$182	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 90.2%
• Equity multiple: 7.21×
• Total profit: $173,608
• Equity at exit: $89,998

10-year hold

• IRR: 85.0%
• Equity multiple: 15.93×
• Total profit: $417,646
• Equity at exit: $194,084

Cash invested: $27,972 (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 92655

• Home prices YoY: 11.1%
• Active inventory: 15
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $3,242 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$681
• Net cashflow: $1,871

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 37%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8041 Worthy Dr Westminster, CA	2.0	1.0	900	$2,700	$3.00	1d	1	0.53mi
14332 Joyce Ave Westminster, CA	3.0	2.0	1100	$3,890	$3.54	1d	1	0.99mi
14322 Joyce Ave Westminster, CA	3.0	2.0	1200	$4,190	$3.49	5d	1	0.99mi
8400 Edinger Ave Huntington Beach, CA	2.0	1.0–2.0	778	$3,007	$3.87	1d	13	1.00mi
7861 14th St Unit C Westminster, CA	2.0	2.0	925	$2,800	$3.03	1d	1	1.02mi
16121 Malaga Ln Unit D Huntington Beach, CA	2.0	2.0	1000	$2,800	$2.80	1d	1	1.02mi
7861 14th St Westminster, CA	2.0	2.0	1025	$2,700	$2.63	3d	1	1.02mi
15100 Moran St Westminster, CA	1.0–2.0	1.0–2.0	1204	$3,847	$3.19	2d	8	1.04mi
7792 15th St Westminster, CA	1.0	1.0	950	$2,400	$2.53	3d	1	1.07mi
7400 Center Ave Huntington Beach, CA	2.0	1.0–2.0	990	$4,119	$4.16	1d	1	1.08mi
7521 Edinger Ave Huntington Beach, CA	3.0	1.0–2.0	1035	$3,703	$3.58	1d	23	1.08mi
7942 Stark Dr Huntington Beach, CA	2.0	2.0	1000	$2,495	$2.50	15d	1	1.11mi
7643 14th St Westminster, CA	2.0	2.0	1002	$3,250	$3.24	1d	1	1.13mi
7461 Edinger Ave Huntington Beach, CA	2.0	1.0–2.0	1031	$4,325	$4.19	1d	26	1.15mi
16162 Sher Ln Huntington Beach, CA	1.0–3.0	1.0–1.5	1090	$2,522	$2.31	1d	9	1.16mi
7661 Baylor Dr Westminster, CA	1.0–2.0	1.0	787	$2,400	$3.05	1d	2	1.22mi
7672 Amazon Dr Unit 3 Huntington Beach, CA	2.0	2.5	1400	$2,975	$2.12	10d	1	1.25mi
7601 Amazon Dr Unit 2 Huntington Beach, CA	2.0	2.0	1000	$2,650	$2.65	1d	1	1.26mi
7267 Aura Cir Huntington Beach, CA	3.0	2.5	1389	$4,500	$3.24	1d	1	1.27mi
9551 Robin Ave Westminster, CA	3.0	2.0	1302	$4,000	$3.07	44d	1	1.32mi
7912 Glencoe Dr Huntington Beach, CA	3.0	1.0	1100	$3,900	$3.55	1d	1	1.34mi
7290 Edinger Ave Huntington Beach, CA	1.0–2.0	1.0–2.0	941	$3,824	$4.06	1d	19	1.36mi
8810 Hewitt Pl #22 Garden Grove, CA	2.0	2.5	1025	$3,200	$3.12	1d	1	1.37mi
14452 Goldenwest St Westminster, CA	2.0	1.5	1300	$3,098	$2.38	1d	1	1.42mi
15596 Dawson Ln Huntington Beach, CA	3.0	2.0	1000	$3,600	$3.60	1d	1	1.46mi
7012 Main St Westminster, CA	1.0–2.0	1.0	812	$2,395	$2.95	11d	5	1.49mi
7012 Main St Unit 7042-11 Westminster, CA	2.0	1.0	900	$2,395	$2.66	1d	1	1.50mi
7012 Main St Unit 7022-16 Westminster, CA	2.0	1.0	900	$2,395	$2.66	7d	1	1.50mi
7012 Main St Unit 7042-06 Westminster, CA	2.0	1.0	900	$2,395	$2.66	17d	1	1.50mi

Listing history 21 events

1. 2026-06-18
   days on market $99,900 Active 46 DOM
2. 2026-06-17
   days on market $99,900 Active 45 DOM
3. 2026-06-16
   days on market $99,900 Active 44 DOM
4. 2026-06-15
   days on market $99,900 Active 43 DOM
5. 2026-06-13
   days on market $99,900 Active 41 DOM
6. 2026-06-13
   days on market $99,900 Active 40 DOM
7. 2026-06-09
   days on market $99,900 Active 37 DOM
8. 2026-06-08
   days on market $99,900 Active 36 DOM
9. 2026-06-07
   days on market $99,900 Active 35 DOM
10. 2026-06-04
    days on market $99,900 Active 32 DOM
11. 2026-06-03
    days on market $99,900 Active 31 DOM
12. 2026-06-02
    days on market $99,900 Active 30 DOM
13. 2026-06-01
    days on market $99,900 Active 29 DOM
14. 2026-05-31
    days on market $99,900 Active 28 DOM
15. 2026-05-20
    price $109,900
16. 2026-05-03
    listed $119,900 Active
17. 2013-11-15
    historical
18. 2013-10-24
    price $18,000
19. 2013-09-20
    listed $29,000 Active
20. 2005-09-02
    historical
21. 2005-06-16
    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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥87°F today · 23 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,904
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$3,112
• − Management: −$3,112
• − Depreciation: −$2,906
• Taxable income: $22,179
• Est. tax owed @ 24.0%: −$5,323
• After-tax cash flow: $17,126/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: Huntington Beach Union High
• NCES district ID: 0618060
• Math proficiency: 65% ▲ 17.00%
• Reading proficiency: 82% ▲ 8.00%
• Median HH income: $78,159
• Composite: 64.9/100
• National rank: #511
• State rank: #39 of 517 in CA

Livability — Midway City

• Score: 59/100
• State rank: #624
• US rank: #19816

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midway City, CA
• City population: 8,101
• Population (ZIP): 8,101

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Asian 44% Hispanic / Latino 35% White 16% Two or more races 9% Native American 2%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Lithuanian 1% Iranian 1%
• Foreign-born: 49% · Vietnam, Canada, China
• Languages at home: 28% English-only · Vietnamese 39% Spanish 26% Chinese 2%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 97.88%
• Current HPI: 980.41
• Rent YoY: —
• Metro: —
• 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

+69.1% since first listed

7 events — show timeline

• 2026-05-20 Price Changed $109,900 CRMLS
• 2026-05-03 Listed $119,900 CRMLS
• 2013-11-15 Listing Removed — CRMLS
• 2013-10-24 Price Changed $18,000 CRMLS
• 2013-09-20 Listed $29,000 CRMLS
• 2005-09-02 Listing Removed — CRMLS
• 2005-06-16 Listed $65,000 CRMLS