1826 W 19th St #18 · San Bernardino, CA 92411

$155,000

3 bd · 2.0 ba · 1,068 sqft · Manufactured public records · 241 Days on market

Built 2009 $145/sqft · 6% above area Est $144k · 7% over ↓ 22% since listing

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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
• Appreciation +10.0/10.0
• ARV discount +4.1/15.0
• Schools +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for the right home in a family park? this is it! community is gated and well kept and near 210 and 215 freeways and close to stores, schools and restaurants, this one will go fast! make your appointment to take a look before is too late!!

Key facts

• Gated community
• Close to schools
• Close to restaurants

Tags

• GATED COMMUNITY
• NEAR FREEWAYS
• CLOSE TO STORES
• CLOSE TO SCHOOLS
• CLOSE TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.9% vs local median 3.5% in San Bernardino — 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 59/100 on livability (#661 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+, housing A; Watch: schools D, employment D, crime F.
• San Bernardino City Unified (urban): math 27% / reading 40% proficiency, ranked #959 of 1,400 in CA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 41 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• At $2,585/mo this rent would consume 57% of the median local household income ($54k/yr) (locally 956% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F 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: 1.67% ✓
• Cap rate: 14.94%
• Cash-on-cash: 30.88%
• DSCR: 2.37
• GRM: 5.0

CMA / ARV

• ARV (median comp): $144,225
• List price: $155,000
• Delta: 7.47%
• Verdict: FAIR
• Comps: 6 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 47.8%
• Equity multiple: 4.58×
• Total profit: $155,509
• Equity at exit: $139,636

10-year hold

• IRR: 41.6%
• Equity multiple: 10.26×
• Total profit: $401,901
• Equity at exit: $301,131

Cash invested: $43,400 (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 92411

• Home prices YoY: 3.9%
• Active inventory: 41
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,585 high
• Mortgage (P&I): −$813
• Tax from tax record: −$48 /mo · $571/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $1,117

Break-even live

Break-even rent $1,171

Max offer price $155,000

Occupancy floor 52%

Sensitivity live

Price	-10% $1,205	-5% $1,161	+0% $1,117	+5% $1,073	+10% $1,029
Rent	-10% $913	-5% $1,015	+0% $1,117	+5% $1,219	+10% $1,321
Rate	-1.0pp $1,195	-0.5pp $1,156	base $1,117	+0.5pp $1,077	+1.0pp $1,036

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1949 Adams St Unit 4 Muscoy, CA	2.0	1.0	806	$1,750	$2.17	25d	1	0.38mi
1855 W 13th St San Bernardino, CA	4.0	2.0	1480	$3,100	$2.09	25d	1	0.77mi
1356 W Trenton St Unit A San Bernardino, CA	3.0	1.0	1300	$2,500	$1.92	19d	1	0.79mi
2041 Darby St Apt 3 Muscoy, CA	2.0	1.5	1000	$2,250	$2.25	45d	1	1.02mi
2770 Ladera Rd San Bernardino, CA	3.0	2.0	1457	$3,600	$2.47	6d	1	1.35mi
1432 W 9th St San Bernardino, CA	3.0	1.0	1225	$2,700	$2.20	45d	1	1.39mi
3007 Serrano Rd San Bernardino, CA	3.0	2.0	1347	$2,595	$1.93	23d	1	1.40mi
1121 W Base Line St San Bernardino, CA	2.0	1.0	1100	$2,000	$1.82	45d	1	1.41mi
2250 W Darby St Unit 2240 San Bernardino, CA	2.0	1.0	1100	$2,300	$2.09	45d	1	1.42mi
872 W 18th St Unit 874 San Bernardino, CA	2.0	1.0	850	$2,049	$2.41	0d	1	1.48mi

Listing history 24 events

1. 2026-06-21
   days on market $155,000 Active 241 DOM
2. 2026-06-18
   days on market $155,000 Active 238 DOM
3. 2026-06-17
   days on market $155,000 Active 237 DOM
4. 2026-06-16
   days on market $155,000 Active 236 DOM
5. 2026-06-15
   days on market $155,000 Active 235 DOM
6. 2026-06-13
   days on market $155,000 Active 233 DOM
7. 2026-06-09
   days on market $155,000 Active 229 DOM
8. 2026-06-08
   days on market $155,000 Active 228 DOM
9. 2026-06-07
   days on market $155,000 Active 227 DOM
10. 2026-06-04
    days on market $155,000 Active 224 DOM
11. 2026-06-03
    days on market $155,000 Active 223 DOM
12. 2026-06-02
    days on market $155,000 Active 222 DOM
13. 2026-06-01
    days on market $155,000 Active 221 DOM
14. 2026-05-31
    days on market $155,000 Active 220 DOM
15. 2026-04-28
    status Active 246-char remark

    Show marketing remark (246 chars)

    Looking for the right home in a family park? this is it! community is gated and well kept and near 210 and 215 freeways and close to stores, schools and restaurants, this one will go fast! make your appointment to take a look before is too late!!

16. 2026-03-31
    status Pending Sale 246-char remark

    Show marketing remark (246 chars)

    Looking for the right home in a family park? this is it! community is gated and well kept and near 210 and 215 freeways and close to stores, schools and restaurants, this one will go fast! make your appointment to take a look before is too late!!

17. 2026-02-02
    price $155,000 246-char remark

    Show marketing remark (246 chars)

    Looking for the right home in a family park? this is it! community is gated and well kept and near 210 and 215 freeways and close to stores, schools and restaurants, this one will go fast! make your appointment to take a look before is too late!!

18. 2025-09-24
    listed $165,000 Active 246-char remark

    Show marketing remark (246 chars)

    Looking for the right home in a family park? this is it! community is gated and well kept and near 210 and 215 freeways and close to stores, schools and restaurants, this one will go fast! make your appointment to take a look before is too late!!

19. 2024-12-31
    historical
20. 2024-10-07
    status Active
21. 2024-09-19
    status Pending Sale
22. 2024-08-20
    price $165,000
23. 2024-08-12
    listed $200,000 Active
24. 2024-08-02
    historical

ⓘ 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: $571 · $48/mo
• Projected year-2 tax: $1,178 · $98/mo
• Expected delta: +$607/yr (+$51/mo · 106.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 25 unhealthy d/yr today · 31 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,018
• − Mortgage interest: −$8,682
• − Property taxes: −$571
• − Insurance: −$775
• − Repairs & maintenance: −$2,481
• − Management: −$2,481
• − Depreciation: −$4,509
• Taxable income: $11,518
• Est. tax owed @ 24.0%: −$2,764
• After-tax cash flow: $10,640/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: San Bernardino City Unified
• NCES district ID: 0634170
• Math proficiency: 27% ▲ 1.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $39,758
• Composite: 30.8/100
• National rank: #11385
• State rank: #959 of 1400 in CA

Livability — San Bernardino

• Score: 59/100
• State rank: #661
• US rank: #20479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Bernardino, CA
• County: San Bernardino County · 2,030,291 people
• City population: 255,614
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 27,249
• Household income: $54,324
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 956.0

Population outlook (San Bernardino County) Hauer SSP2

• Today (2025): 2,300,329 people
• By 2030: 2,378,907 · +3.4%
• By 2040: 2,523,137 · +9.7%
• By 2050: 2,642,388 · +14.9%
• By 2075: 2,880,769 · +25.2%
• By 2100: 2,909,436 · +26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (83%)
• Race & ethnicity: Hispanic / Latino 83% Two or more races 15% Black 9% White 3% Asian 2%
• Hispanic origin (detail): Mexican 77%
• Foreign-born: 27% · Canada, Vietnam
• Languages at home: 34% English-only · Spanish 64% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · San Bernardino

• 2024 margin: Toss-up / Even · D 47.5% · R 49.7% · Other 2.8%
• 2008→2024 swing: -8.5pp toward R · 2008: 6.3pp · 2024: -2.1pp
• All cycles: 2024: R+2.1 2020: D+10.7 2016: D+9.8 2012: D+5.4 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 23.96%
• Current HPI: 633.7636
• Rent YoY: —
• Metro: Riverside-San Bernardino-Ontario, 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

-22.5% since first listed

10 events — show timeline

• 2026-04-28 Relisted — CRMLS
• 2026-03-31 Pending — CRMLS
• 2026-02-02 Price Changed $155,000 CRMLS
• 2025-09-24 Listed $165,000 CRMLS
• 2024-12-31 Listing Removed — CRMLS
• 2024-10-07 Relisted — CRMLS
• 2024-09-19 Pending — CRMLS
• 2024-08-20 Price Changed $165,000 CRMLS
• 2024-08-12 Listed $200,000 CRMLS
• 2024-08-02 Coming Soon — CRMLS

Property tax history

+10.5%/yr

Latest (2025): $571 · +0.1% YoY. Source: county tax records.