17700 S Western Ave #148 · Gardena, CA 90248

$195,000

2 bd · 2.0 ba · 1,040 sqft · Manufactured · 82 Days on market

Built 1971 Good condition $188/sqft · 52% above area

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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
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS HOME IS ONE OF A KIND! Beautifully Remodeled Mobile Home – Quality Craftsmanship and beautiful details throughout. This 2-bedroom, 2-bath home has been transformed by its owner, a retired contractor known for precision and quality. Every upgrade was done with care, intention, and a keen eye for detail, making this home truly one-of-a-kind. The kitchen has been completely remodeled with custom touches you won’t find in standard homes—premium finishes, plenty of storage, and two refrigerators for added convenience. Custom window coverings and beautiful flooring run throughout the house, adding warmth and personality to every room. The primary bedroom offers a private, luxurious bathroom, offering both comfort and privacy. The second bedroom and full bath provide flexible space for guests, an office, or hobbies. A split-unit AC system keeps the temperature just right year-round, and the washer and dryer are located inside for easy laundry days. Outside, you’ll find a covered carport, extra storage space, and a low-maintenance exterior. This isn’t just a remodel—it’s a home upgraded with pride, skill, and a sense of style that stands out from the rest. The community is conveniently located and always nice and clean. This is the perfect time to enjoy the nice sparkling pools. Come check it out, you will be nicely surprised!

Key facts

• Extra storage space
• Split-unit ac system
• Covered carport

Tags

• REMODELED MOBILE HOME
• CUSTOM WINDOW COVERINGS
• SPLIT-UNIT AC SYSTEM
• COVERED CARPORT
• EXTRA STORAGE SPACE
• LOW-MAINTENANCE EXTERIOR

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $195k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $941 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $195k).
• Recommended offer: $183k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 2.9% in Gardena — 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 60/100 on livability (#604 in CA) — a middle-class / working-renter tenant base. Strengths: employment A-; Watch: amenities C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 25 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).

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.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y 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.
• Current owner paid $68k; list at $195k implies a 187% gain — meaningful room to come down on a strong offer.

Recommended offer $183,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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?
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: 1.49% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.67%
• DSCR: 1.92
• GRM: 5.6

CMA / ARV

• ARV (median comp): $128,230
• List price: $195,000
• Delta: 52.07%
• Verdict: OVERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17700 S Western Ave #116	0.06mi	2/2.0	1,040 (0%)	9mo	$155,000	$149	90
17700 S Western Ave #174	0.00mi	2/2.0	960 (-8%)	1mo	$178,000	$185	86
17700 Western Ave S #190	0.07mi	2/2.0	960 (-8%)	5mo	$95,000	$99	80
17700 Western Ave SPC 111	0.00mi	2/2.0	960 (-8%)	10mo	$159,000	$166	79
17700 S Western Ave #162	0.07mi	2/2.0	960 (-8%)	7mo	$152,500	$159	78
17700 S Western Ave #35	0.07mi	2/2.0	960 (-8%)	10mo	$130,000	$135	75
17705 S Western Ave #18	0.30mi	2/2.0	1,080 (+4%)	9mo	$117,000	$108	72
17700 Western #76	0.07mi	3/2.0 (+1)	1,152 (+11%)	2mo	$85,000	$74	72
17705 S Western #24	0.21mi	3/2.0 (+1)	1,000 (-4%)	12mo	$114,900	$115	69
17705 S Western Ave #53	0.30mi	3/2.0 (+1)	990 (-5%)	7mo	$155,000	$157	67
17705 S Western #102	0.25mi	2/2.0	1,100 (+6%)	14mo	$115,000	$105	67
16950 S Gramercy Pl Unit 7A	0.67mi	3/2.0 (+1)	920 (-12%)	12mo	$180,000	$196	34

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: 13.0%
• Equity multiple: 1.52×
• Total profit: $28,359
• Equity at exit: $29,075

10-year hold

• IRR: 21.9%
• Equity multiple: 2.87×
• Total profit: $102,020
• Equity at exit: $16,860

Cash invested: $54,600 (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 90248

• Active inventory: 25
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,897 high
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$608
• Net cashflow: $941

Break-even live

Break-even rent $1,706

Max offer price $195,000

Occupancy floor 63%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17310 S Dalton Ave #3 Gardena, CA	2.0	2.5	1400	$3,500	$2.50	25d	1	0.28mi
17313 Denker Ave Unit 4 Gardena, CA	2.0	1.0	985	$2,300	$2.34	44d	1	0.29mi
18012 Manhattan Pl Torrance, CA	3.0	2.0	1446	$3,595	$2.49	2d	1	0.31mi
1443 W 179th St Apt 104 Gardena, CA	2.0	2.0	850	$2,500	$2.94	44d	1	0.33mi
1443 W 179th St Unit 107 Gardena, CA	2.0	1.0	800	$2,450	$3.06	25d	1	0.33mi
1243 Electric St Gardena, CA	2.0	2.0	866	$2,850	$3.29	8d	1	0.62mi
17405 Van Ness Ave Torrance, CA	2.0	2.0	850	$2,775	$3.26	15d	1	0.71mi
18405 Haas Ave Torrance, CA	3.0	2.0	1240	$3,500	$2.82	44d	1	0.77mi
16507 Saint Andrews Pl Unit C Gardena, CA	2.0	1.0	850	$2,650	$3.12	44d	1	0.81mi
1616 W Gardena Blvd Gardena, CA	2.0	1.0	882	$2,800	$3.17	3d	1	0.81mi
16326 Denker Ave Gardena, CA	2.0	1.0	908	$3,000	$3.30	44d	1	0.85mi
1328 W Gardena Blvd Apt 3 Gardena, CA	2.0	2.0	1080	$2,700	$2.50	44d	1	0.87mi
1261 W 166th St Gardena, CA	3.0	2.0	1280	$3,000	$2.34	44d	1	0.88mi
1343 W 164th St Gardena, CA	2.0	2.0	800	$2,700	$3.38	25d	1	0.95mi
16935 S Vermont Ave Gardena, CA	2.0	1.0	850	$2,295	$2.70	25d	1	0.97mi
16920 S Vermont Ave Unit D Gardena, CA	2.0	1.5	1100	$2,795	$2.54	19d	1	1.01mi
16920 S Vermont Ave Gardena, CA	2.0	1.5	1100	$2,795	$2.54	25d	1	1.01mi
1040 W 165th Pl Unit 1 Gardena, CA	3.0	3.0	1500	$4,500	$3.00	5d	1	1.05mi
2314 W 165th St Torrance, CA	3.0	2.0	1304	$4,000	$3.07	18d	1	1.08mi
860 W 165th Pl Apt 201 Gardena, CA	2.0	2.0	925	$2,395	$2.59	44d	1	1.13mi
17229 Atkinson Ave Torrance, CA	3.0	1.0	967	$3,600	$3.72	44d	1	1.16mi
15825 Denker Ave Unit A Gardena, CA	2.0	1.0	900	$2,750	$3.06	44d	1	1.17mi
16901 Crenshaw Blvd Unit 1 Torrance, CA	2.0	1.0	800	$2,500	$3.12	25d	1	1.29mi
17309 Elgar Ave Torrance, CA	2.0	1.0	838	$3,400	$4.06	13d	1	1.33mi
17309 Elgar Ave Torrance, CA	2.0	1.0	838	$3,400	$4.06	8d	1	1.33mi
16713 Crenshaw Blvd Torrance, CA	3.0	1.0	850	$2,450	$2.88	44d	1	1.34mi
15702 Brighton Ave Unit 4 Gardena, CA	2.0	1.0	750	$2,500	$3.33	19d	1	1.34mi
1029 W 160th St Gardena, CA	3.0	2.0	1248	$4,150	$3.33	44d	1	1.36mi
2125 W 157th St Unit 10 Gardena, CA	1.0	1.0	700	$2,050	$2.93	4d	1	1.40mi
17513 Glenburn Ave Torrance, CA	2.0	2.0	800	$3,195	$3.99	44d	1	1.42mi
3313 Artesia Blvd Torrance, CA	1.0	1.0	750	$1,895	$2.53	44d	1	1.45mi
1030 Magnolia Ave Gardena, CA	1.0–2.0	1.0	710	$2,700	$3.80	44d	2	1.47mi
16523 S Denver Ave Gardena, CA	2.0	1.5	1200	$2,450	$2.04	44d	1	1.48mi

Listing history 31 events

1. 2026-06-18
   days on market $195,000 Active 82 DOM
2. 2026-06-17
   days on market $195,000 Active 81 DOM
3. 2026-06-16
   days on market $195,000 Active 80 DOM
4. 2026-06-15
   days on market $195,000 Active 79 DOM
5. 2026-06-13
   days on market $195,000 Active 77 DOM
6. 2026-06-09
   days on market $195,000 Active 73 DOM
7. 2026-06-08
   days on market $195,000 Active 72 DOM
8. 2026-06-07
   days on market $195,000 Active 71 DOM
9. 2026-06-04
   days on market $195,000 Active 68 DOM
10. 2026-06-03
    days on market $195,000 Active 67 DOM
11. 2026-06-02
    days on market $195,000 Active 66 DOM
12. 2026-06-01
    days on market $195,000 Active 65 DOM
13. 2026-05-31
    days on market $195,000 Active 64 DOM
14. 2026-03-28
    listed $195,000 Active 1388-char remark

    Show marketing remark (1388 chars)

    THIS HOME IS ONE OF A KIND! Beautifully Remodeled Mobile Home – Quality Craftsmanship and beautiful details throughout. This 2-bedroom, 2-bath home has been transformed by its owner, a retired contractor known for precision and quality. Every upgrade was done with care, intention, and a keen eye for detail, making this home truly one-of-a-kind. The kitchen has been completely remodeled with custom touches you won’t find in standard homes—premium finishes, plenty of storage, and two refrigerators for added convenience. Custom window coverings and beautiful flooring run throughout the house, adding warmth and personality to every room. The primary bedroom offers a private, luxurious bathroom, offering both comfort and privacy. The second bedroom and full bath provide flexible space for guests, an office, or hobbies. A split-unit AC system keeps the temperature just right year-round, and the washer and dryer are located inside for easy laundry days. Outside, you’ll find a covered carport, extra storage space, and a low-maintenance exterior. This isn’t just a remodel—it’s a home upgraded with pride, skill, and a sense of style that stands out from the rest. The community is conveniently located and always nice and clean. This is the perfect time to enjoy the nice sparkling pools. Come check it out, you will be nicely surprised!

15. 2026-03-27
    historical
16. 2025-10-10
    listed $199,900 Active
17. 2021-06-25
    soldstatus $68,000 Closed Sale
18. 2021-06-02
    status Pending Sale
19. 2021-05-18
    listed $72,000 Active
20. 2021-05-17
    historical
21. 2021-05-09
    price $72,000
22. 2021-04-06
    price $78,000
23. 2021-03-02
    price $85,000
24. 2021-02-18
    price $79,999
25. 2021-01-28
    price $80,000
26. 2021-01-21
    price $84,996
27. 2021-01-18
    price $84,997
28. 2021-01-17
    price $84,998
29. 2021-01-15
    price $84,999
30. 2020-12-16
    price $85,000
31. 2020-11-17
    listed $90,000 Active

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 5 d/yr ≥87°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,759
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$2,781
• − Management: −$2,781
• − Depreciation: −$5,673
• Taxable income: $8,702
• Est. tax owed @ 24.0%: −$2,088
• After-tax cash flow: $9,200/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 · 1 photo

Good 80/100 Cosmetic rehab

This beautifully remodeled mobile home is in excellent condition with custom touches throughout, making it a one-of-a-kind property. It is move-in ready and would be ideal for both resale and rental markets.

Value-add opportunities

• Both Landscaping and curb appeal — Enhances the home's curb appeal and can attract more buyers or renters.
• Both Interior lighting — Improves the home's ambiance and can make it more attractive to potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal — Enhances the home's curb appeal and can attract more buyers or renters. ↑
• Both Interior lighting — Improves the home's ambiance and can make it more attractive to potential buyers or 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: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Gardena

• Score: 60/100
• State rank: #604
• US rank: #19337

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gardena, CA
• City population: 73,343
• Population (ZIP): 11,144

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Asian 32% Hispanic / Latino 31% Black 21% Two or more races 12% White 7%
• Hispanic origin (detail): Mexican 20% Puerto Rican 2%
• Common ancestry: British 1%
• Foreign-born: 37% · Canada, South Korea, Vietnam
• Languages at home: 53% English-only · Spanish 25% Other Asian/Pacific 10% Tagalog/Filipino 6%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -318.63%
• Current HPI: 409.9768
• 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

+116.7% since first listed

18 events — show timeline

• 2026-03-28 Listed $195,000 CRMLS
• 2026-03-27 Listing Removed — CRMLS
• 2025-10-10 Listed $199,900 CRMLS
• 2021-06-25 Sold (MLS) $68,000 CRMLS
• 2021-06-02 Pending — CRMLS
• 2021-05-18 Listed $72,000 CRMLS
• 2021-05-17 Listing Removed — CRMLS
• 2021-05-09 Price Changed $72,000 CRMLS
• 2021-04-06 Price Changed $78,000 CRMLS
• 2021-03-02 Price Changed $85,000 CRMLS
• 2021-02-18 Price Changed $79,999 CRMLS
• 2021-01-28 Price Changed $80,000 CRMLS
• 2021-01-21 Price Changed $84,996 CRMLS
• 2021-01-18 Price Changed $84,997 CRMLS
• 2021-01-17 Price Changed $84,998 CRMLS
• 2021-01-15 Price Changed $84,999 CRMLS
• 2020-12-16 Price Changed $85,000 CRMLS
• 2020-11-17 Listed $90,000 CRMLS