1123 Via Delicia · Santa Maria, CA 93454

$215,000

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 163 Days on market

Built 2003 436 sqft lot Est $162k · 33% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

Key facts

• Cozy breakfast nook
• Oak cabinetry
• New flooring

Tags

• NEW FLOORING
• FRESH INTERIOR PAINT
• OAK CABINETRY
• SOLID-SURFACE COUNTERTOPS
• COZY BREAKFAST NOOK
• FORMAL DINING AREA

Property features AI

Finance

• Other: Building area reported as 1,456 (per tax records); Green/energy features listed as 'Other'
• HOA & community: Monthly land lease of $1,285.89

Exterior

• Utilities: Natural gas heating available
• Home design: Manufactured home; Made by Delaware Western Homes
• Construction: Composition/Shingle roof; Pillar/Post/Pier foundation
• Exterior features: Shingle/composition roof; Pillar/post/pier foundation; Mobile/manufactured home sited on leased lot

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Ceiling fan(s) for cooling
• Interior features: Age-restricted community; Pets allowed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $215k.

Deal economics

• At list price, monthly cash flow is $863 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 3.5% in Santa Maria — 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 71/100 on livability (#202 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: schools F, crime F, cost of living F.
• Santa Maria-Bonita (urban): math 26% / reading 34% proficiency, ranked #1,023 of 1,400 in CA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.3%/yr); 79 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 719 units permitted in Santa Barbara County in 2024 (217 in 5+ unit buildings).
• This rent runs 41% of the median local income ($82k/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.
• Santa Barbara County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $60k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 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 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?
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: 1.30% ✓
• Cap rate: 11.11%
• Cash-on-cash: 17.19%
• DSCR: 1.77
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $161,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1602 Via Tropico	0.09mi	3/2.0	1,512 (+4%)	0mo	$320,000	$212	89
1620 Via Ynez	0.20mi	3/2.0	1,488 (+2%)	1mo	$165,000	$111	86
1403 Via Asueto	0.16mi	2/2.0 (-1)	1,440 (-1%)	2mo	$210,000	$146	84
1608 Via Quantico	0.08mi	3/2.0	1,536 (+6%)	4mo	$115,000	$75	84
1651 Via Quantico	0.12mi	3/2.0	1,521 (+4%)	4mo	$200,000	$131	83
1127 Via Contento	0.04mi	2/2.0 (-1)	1,392 (-4%)	6mo	$115,000	$83	81
1127 Via Estio	0.04mi	2/2.0 (-1)	1,536 (+6%)	7mo	$152,000	$99	78
1201 Via Gusto	0.10mi	3/2.0	1,536 (+6%)	10mo	$165,000	$107	78
1627 Via Sabroso	0.12mi	2/2.0 (-1)	1,440 (-1%)	12mo	$60,000	$42	77
1617 Via Rico	0.04mi	3/2.0	1,568 (+8%)	11mo	$174,000	$111	76
1632 Via Undoso	0.18mi	2/2.0 (-1)	1,320 (-9%)	8mo	$149,000	$113	64
1205 Via Hielo	0.14mi	2/2.0 (-1)	1,248 (-14%)	15mo	$65,000	$52	52

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 · 3.26% rent growth · sell at horizon

5-year hold

• IRR: 8.8%
• Equity multiple: 1.35×
• Total profit: $20,789
• Equity at exit: $32,057

10-year hold

• IRR: 18.2%
• Equity multiple: 2.52×
• Total profit: $91,697
• Equity at exit: $18,589

Cash invested: $60,200 (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 93454

• Rents YoY: 3.3%
• Active inventory: 79
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,798 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$131 /mo · $1,566/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $863

Break-even live

Break-even rent $1,706

Max offer price $215,000

Occupancy floor 64%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1124 N Suey Rd Santa Maria, CA	2.0	2.0	1296	$2,500	$1.93	13d	1	0.16mi
914 E El Camino St Santa Maria, CA	3.0	2.0	1441	$3,400	$2.36	21d	1	0.98mi
Lynne Dr Santa Maria, CA	3.0	2.5	1264	$3,000	$2.37	13d	1	1.25mi

Listing history 37 events

1. 2026-06-18
   days on market $215,000 Active 163 DOM
2. 2026-06-17
   days on market $215,000 Active 162 DOM
3. 2026-06-16
   days on market $215,000 Active 161 DOM
4. 2026-06-15
   days on market $215,000 Active 160 DOM
5. 2026-06-14
   days on market $215,000 Active 158 DOM
6. 2026-06-13
   days on market $215,000 Active 157 DOM
7. 2026-06-10
   days on market $215,000 Active 155 DOM
8. 2026-06-09
   days on market $215,000 Active 154 DOM
9. 2026-06-08
   days on market $215,000 Active 153 DOM
10. 2026-06-07
    days on market $215,000 Active 152 DOM
11. 2026-06-05
    days on market $215,000 Active 149 DOM
12. 2026-06-03
    days on market $215,000 Active 148 DOM
13. 2026-06-02
    days on market $215,000 Active 147 DOM
14. 2026-06-01
    days on market $215,000 Active 146 DOM
15. 2026-05-31
    days on market $215,000 Active 145 DOM
16. 2026-05-30
    days on market $215,000 Active 144 DOM
17. 2026-03-27
    price $215,000
18. 2025-12-22
    listed $225,000 Active
19. 2024-06-07
    soldstatus $210,000 Closed 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

20. 2024-05-18
    historical Active Under Contract 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

21. 2024-05-18
    price $219,000 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

22. 2024-05-17
    status Active 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

23. 2024-04-24
    historical 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

24. 2024-04-24
    status Pending 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

25. 2024-04-01
    price $229,000 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

26. 2024-02-06
    listed $245,000 Active 558-char remark

    Show marketing remark (558 chars)

    This is a newer home built in 2003 with a large gourmet kitchen with oak cabinets and Corian type solid counter tops with molded sink . Breakfast nook and formal dining room ! Vaulted cielings with fireplace in the living room . 3 bedrooms with the largest having a walk in closet with large soaking tub and seperate shower and dual seperated sinks . Rose garden in the front yard and lots of fruit trees in the back yard with nice sized locking storage shed . Blinds thru-out , dual pane windows , washer , dryer and stainless steal refrigerator included !

27. 2014-04-11
    soldstatus $79,500 Closed Sale 207-char remark

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

28. 2014-04-11
    historical

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

29. 2014-04-04
    historical 207-char remark

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

30. 2014-01-28
    status Pending 207-char remark

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

31. 2013-11-19
    price $79,500 207-char remark

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

32. 2013-10-03
    listed $85,000 Active 207-char remark

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

33. 2013-10-03
    listed $79,500

    Show marketing remark (207 chars)

    A beautiful home, move in ready. Fire place, high ceilings, a 10 year roof, separate shower and tub in the master bedroom. A great kitchen with lots of storage spaces. The third bedroom makes a great office.

34. 2005-10-28
    soldstatus $186,500
35. 2005-07-10
    listed $186,500
36. 1998-10-13
    historical
37. 1997-12-10
    listed $9,000

ⓘ 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: $1,566 · $131/mo
• Projected year-2 tax: $1,634 · $136/mo
• Expected delta: +$68/yr (+$6/mo · 4.3%)

ⓘ 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) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥84°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,572
• − Mortgage interest: −$12,043
• − Property taxes: −$1,566
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,686
• − Management: −$2,686
• − Depreciation: −$6,255
• Taxable income: $7,261
• Est. tax owed @ 24.0%: −$1,743
• After-tax cash flow: $8,608/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: Santa Maria-Bonita
• NCES district ID: 0605580
• Math proficiency: 26% ▲ 3.00%
• Reading proficiency: 34% ▲ 3.00%
• Median HH income: $50,959
• Composite: 29.11/100
• National rank: #11891
• State rank: #1023 of 1400 in CA

Livability — Santa Maria

• Score: 71/100
• State rank: #202
• US rank: #6519

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santa Maria, CA
• County: Santa Barbara County · 410,380 people
• City population: 145,655
• Metro: Santa Maria-Santa Barbara, CA
• Population (ZIP): 41,896
• Household income: $81,522
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 1893.0

Population outlook (Santa Barbara County) Hauer SSP2

• Today (2025): 484,679 people
• By 2030: 505,323 · +4.3%
• By 2040: 545,783 · +12.6%
• By 2050: 584,263 · +20.5%
• By 2075: 682,586 · +40.8%
• By 2100: 723,188 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (73%)
• Race & ethnicity: Hispanic / Latino 73% Two or more races 37% White 20% Native American 3% Asian 3%
• Hispanic origin (detail): Mexican 69%
• Common ancestry: Russian 1% Italian 1% Lithuanian 1%
• Foreign-born: 26% · Canada, Vietnam
• Languages at home: 43% English-only · Spanish 52% Tagalog/Filipino 1%

Political lean MEDSL · Santa Barbara

• 2024 margin: Strong D (+26.7) · D 61.8% · R 35.1% · Other 3.1%
• 2008→2024 swing: +3.8pp toward D · 2008: 22.9pp · 2024: 26.7pp
• All cycles: 2024: D+26.7 2020: D+32.1 2016: D+28.2 2012: D+17.1 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -543.97%
• Current HPI: 313.0849
• Rent YoY: ▲ 3.26%
• Metro: Santa Maria-Santa Barbara, 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

+2288.9% since first listed

21 events — show timeline

• 2026-03-27 Price Changed $215,000 NSBCRMLS
• 2025-12-22 Listed $225,000 NSBCRMLS
• 2024-06-07 Sold (MLS) $210,000 NSBCRMLS
• 2024-05-18 Contingent — NSBCRMLS
• 2024-05-18 Price Changed $219,000 NSBCRMLS
• 2024-05-17 Relisted — NSBCRMLS
• 2024-04-24 Listing Removed — NSBCRMLS
• 2024-04-24 Pending — NSBCRMLS
• 2024-04-01 Price Changed $229,000 NSBCRMLS
• 2024-02-06 Listed $245,000 NSBCRMLS
• 2014-04-11 Listing Removed — NSBCRMLS
• 2014-04-11 Sold (MLS) $79,500 CRMLS
• 2014-04-04 Listing Removed — CRMLS
• 2014-01-28 Pending — CRMLS
• 2013-11-19 Price Changed $79,500 CRMLS
• 2013-10-03 Listed $85,000 CRMLS
• 2013-10-03 Listed $79,500 NSBCRMLS
• 2005-10-28 Sold (MLS) $186,500 NSBCRMLS
• 2005-07-10 Listed $186,500 NSBCRMLS
• 1998-10-13 Listing Removed — NSBCRMLS
• 1997-12-10 Listed $9,000 NSBCRMLS

Property tax history

+5.2%/yr

Latest (2025): $1,566 · +159.9% YoY. Source: county tax records.