18411 Valley Blvd #56 #56 · Bloomington, CA 92316

$57,999

1 bd · 1.0 ba · 624 sqft · Manufactured · 150 Days on market

Built 1972 Fair condition $93/sqft · 28% below area Est $80k · 28% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

Key facts

• Built 1972
• Listed 150 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $58k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 29.9% vs local median 3.1% in Bloomington — 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 53/100 on livability (#977 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, employment B; Watch: commute D, schools F, crime F.
• Colton Joint Unified (suburban): math 16% / reading 38% proficiency, ranked #373 of 517 in CA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 44 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $401 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $17k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,039 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 3.36% ✓
• Cap rate: 29.87%
• Cash-on-cash: 84.21%
• DSCR: 4.75
• GRM: 2.5

CMA / ARV

• ARV (median comp): $80,000
• List price: $57,999
• Delta: -27.50%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9847 Cedar Ave #8	0.73mi	2/1.0 (+1)	600 (-4%)	13mo	$125,000	$208	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 84.6%
• Equity multiple: 4.89×
• Total profit: $63,218
• Equity at exit: $8,648

10-year hold

• IRR: 87.8%
• Equity multiple: 10.15×
• Total profit: $148,636
• Equity at exit: $5,015

Cash invested: $16,240 (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 92316

• Home prices YoY: -34.1%
• Active inventory: 44
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,950 medium
• Mortgage (P&I): −$304
• Tax est. 1.5%: −$72 /mo · $870/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $1,140

Break-even live

Break-even rent $507

Max offer price $57,999

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: $14,500
• Closing costs: $1,740
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18355 Courtney Ct Unit 2 Bloomington, CA	1.0	1.0	600	$1,950	$3.25	43d	1	0.77mi

Listing history 16 events

1. 2026-06-13
   days on market $57,999 Active 150 DOM
2. 2026-06-09
   days on market $57,999 Active 147 DOM
3. 2026-06-04
   days on market $57,999 Active 146 DOM
4. 2026-06-03
   days on market $57,999 Active 145 DOM
5. 2026-06-02
   days on market $57,999 Active 144 DOM
6. 2026-06-01
   days on market $57,999 Active 143 DOM
7. 2026-05-31
   pricedays on market $57,999 Active 142 DOM
8. 2026-04-22
   price $59,999 467-char remark

   Show marketing remark (467 chars)

   Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

9. 2026-03-22
   status Active 467-char remark

   Show marketing remark (467 chars)

   Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

10. 2026-03-19
    historical Active Under Contract 467-char remark

    Show marketing remark (467 chars)

    Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

11. 2026-02-24
    price $65,000 467-char remark

    Show marketing remark (467 chars)

    Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

12. 2026-02-14
    price $70,000 467-char remark

    Show marketing remark (467 chars)

    Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

13. 2026-01-09
    listed $75,000 Active 467-char remark

    Show marketing remark (467 chars)

    Highly motivated seller! Don’t miss this opportunity to own in a convenient Bloomington location. This home offers comfortable living with great potential and easy access to shopping, dining, and major freeways. Cozy, comfortable, great value! One bedroom one bathroom manufactured home with recent upgrades and enhancements. Great opportunity to own your own home in the Log Cabin Mobile Home Park which is not age restricted. Seller is ready to review offers!

14. 2022-07-01
    soldstatus $57,000 Closed Sale 214-char remark

    Show marketing remark (214 chars)

    Location Location Location!!! Great opportunity for first time buyers. Home is very well kept and cozy. It is centrally located in the city of Bloomington and it is close to freeways, shopping centers, and schools.

15. 2022-05-24
    status Pending Sale 214-char remark

    Show marketing remark (214 chars)

    Location Location Location!!! Great opportunity for first time buyers. Home is very well kept and cozy. It is centrally located in the city of Bloomington and it is close to freeways, shopping centers, and schools.

16. 2022-04-27
    listed $55,000 Active 214-char remark

    Show marketing remark (214 chars)

    Location Location Location!!! Great opportunity for first time buyers. Home is very well kept and cozy. It is centrally located in the city of Bloomington and it is close to freeways, shopping centers, and schools.

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 27 unhealthy d/yr today · 32 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,400
• − Mortgage interest: −$3,249
• − Property taxes: −$870
• − Insurance: −$290
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$1,687
• Taxable income: $13,560
• Est. tax owed @ 24.0%: −$3,254
• After-tax cash flow: $10,422/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 · 4 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate renovations to its kitchen and bathroom, as well as some exterior improvements. Upgrading these areas would significantly increase its value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate kitchen countertops — dated and in need of replacement
• Moderate bathroom fixtures — basic and in need of updating
• Moderate interior paint — basic and in need of freshening
• Moderate landscaping — basic and in need of improvement

Value-add opportunities

• Both kitchen renovation — modernizing the kitchen would significantly increase both resale and rental value
• Both bathroom renovation — updating the bathroom would also boost both resale and rental value
• Both exterior landscaping — improving the landscaping would enhance curb appeal and attract more buyers/renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
kitchen countertops · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · basic and in need of updating	Moderate	$3,000–15,000
interior paint · basic and in need of freshening	Moderate	$3,000–15,000
landscaping · basic and in need of improvement	Moderate	$3,000–15,000
Total estimated repair cost · 5 items		$15,000–75,000

Value-add ROI direction

• Both kitchen renovation — modernizing the kitchen would significantly increase both resale and rental value ↑
• Both bathroom renovation — updating the bathroom would also boost both resale and rental value ↑
• Both exterior landscaping — improving the landscaping would enhance curb appeal and attract more buyers/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: Colton Joint Unified
• NCES district ID: 0609390
• Math proficiency: 16% ▼ -9.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $51,178
• Composite: 23.74/100
• National rank: #7820
• State rank: #373 of 517 in CA

Livability — Bloomington

• Score: 53/100
• State rank: #977
• US rank: #24604

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomington, CA
• City population: 31,909
• Population (ZIP): 31,909

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 (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 24% White 12% Black 3% Native American 2%
• Hispanic origin (detail): Mexican 76%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 34% English-only · Spanish 64% Arabic 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: ▼ -250.05%
• Current HPI: 483.5611
• 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

+9.1% since first listed

9 events — show timeline

• 2026-04-22 Price Changed $59,999 CRMLS
• 2026-03-22 Relisted — CRMLS
• 2026-03-19 Contingent — CRMLS
• 2026-02-24 Price Changed $65,000 CRMLS
• 2026-02-14 Price Changed $70,000 CRMLS
• 2026-01-09 Listed $75,000 CRMLS
• 2022-07-01 Sold (MLS) $57,000 CRMLS
• 2022-05-24 Pending — CRMLS
• 2022-04-27 Listed $55,000 CRMLS