13408 Mariposa St · Searles Valley, CA 93562

$69,995

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 309 Days on market

Built 1940 9,148 sqft lot $63/sqft · 32% above area Est $53k · 32% 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 +26.5/30.0
• DSCR +9.0/10.0
• 1% rule +6.0/10.0
• Appreciation +5.0/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

Key facts

• Upgraded home
• Large corner lot
• New carpeting

Tags

• UPGRADED HOME
• LARGE CORNER LOT
• NEW GROUND MOUNTED COOLER
• TANKLESS WATER HEATER
• NEW CARPETING
• INDOOR LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($768 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#500 in CA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools F, amenities F.
• Trona Joint Unified (rural): math 25% / reading 40% proficiency, ranked #1,004 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 56 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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).

Forward outlook

• In year one you build about $3k of equity ($484 loan paydown + $2k appreciation (3.0% 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 (3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 309 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $49k (41%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; list at $70k implies a 164% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,595 (12.0% below list)

Questions for the listing agent

1. It's been on market 309 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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 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?
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: 1.10% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.29%
• DSCR: 1.50
• GRM: 7.6

CMA / ARV

• ARV (median comp): $53,024
• List price: $69,995
• Delta: 32.01%
• Verdict: OVERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13322 Mariposa St	0.11mi	2/1.0	1,104 (0%)	12mo	$62,500	$57	85
13319 Wildrose St	0.21mi	2/1.0	1,145 (+4%)	8mo	$95,000	$83	78
13407 Holly St	0.29mi	2/1.0	1,145 (+4%)	7mo	$109,000	$95	74
13285 Lupine St	0.20mi	2/1.0	1,104 (0%)	23mo	$14,900	$13	71
13448 Aster St	0.07mi	2/1.0	957 (-13%)	5mo	$82,000	$86	70

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: 18.1%
• Equity multiple: 2.03×
• Total profit: $20,153
• Equity at exit: $31,473

10-year hold

• IRR: 19.4%
• Equity multiple: 3.82×
• Total profit: $55,254
• Equity at exit: $48,503

Cash invested: $19,599 (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 93562

• Active inventory: 56
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $768 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$26 /mo · $309/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$161
• Net cashflow: $184

Break-even live

Break-even rent $534

Max offer price $69,995

Occupancy floor 71%

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: $17,499
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13350 Aster St Trona, CA	2.0	1.0	720	$825	$1.15	43d	1	0.11mi
13366 Verbena St Trona, CA	2.0	1.0	800	$700	$0.88	43d	1	0.29mi
13358 Verbena St Trona, CA	2.0	1.0	835	$700	$0.84	43d	1	0.30mi

Listing history 26 events

1. 2026-06-18
   status $69,995 Pending 309 DOM
2. 2026-06-18
   days on market $69,995 Active 309 DOM
3. 2026-06-17
   days on market $69,995 Active 308 DOM
4. 2026-06-16
   days on market $69,995 Active 307 DOM
5. 2026-06-15
   days on market $69,995 Active 306 DOM
6. 2026-06-14
   days on market $69,995 Active 304 DOM
7. 2026-06-13
   days on market $69,995 Active 303 DOM
8. 2026-06-10
   days on market $69,995 Active 301 DOM
9. 2026-06-09
   days on market $69,995 Active 300 DOM
10. 2026-06-08
    days on market $69,995 Active 299 DOM
11. 2026-06-07
    days on market $69,995 Active 298 DOM
12. 2026-06-05
    days on market $69,995 Active 295 DOM
13. 2026-06-03
    days on market $69,995 Active 294 DOM
14. 2026-06-03
    days on market $69,995 Active 293 DOM
15. 2026-06-02
    status $69,995 Active 292 DOM
16. 2026-05-08
    status Pending 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

17. 2026-04-16
    price $69,995 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

18. 2026-03-05
    price $74,995 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

19. 2026-02-14
    price $89,995 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

20. 2026-01-21
    status Active 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

21. 2026-01-02
    price $109,995 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

22. 2025-09-04
    price $114,995 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

23. 2025-07-20
    listed $119,000 Active 706-char remark

    Show marketing remark (706 chars)

    PRICE REDUCED TO $69,995.. HOME IS MOVE - IN- READY. Welcome to this upgraded 3-bedroom 2-bath home situated on a large 0.21 acre corner lot. New ground mounted cooler, tankless water heater, carpet, blinds, stove, dishwasher, and freshly painted interior. Kitchen and bathrooms are upgraded. All 3 bedrooms have been fitted with new carpeting. Convenient Indoor laundry room. One car detached garage. Yard is ready for your landscaping ideas, a garden, or a perfect play area for children and pets. Close to schools and a 25 min drive to Ridgecrest for all your shopping needs. Home is ideal for primary residence, weekend getaway, or investment. Make an appointment to see this move-in-ready home today.

24. 1995-07-13
    soldstatus $26,500
25. 1984-05-22
    soldstatus $19,000
26. 1981-04-30
    soldstatus $20,000

ⓘ 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: $309 · $26/mo
• Projected year-2 tax: $532 · $44/mo
• Expected delta: +$223/yr (+$19/mo · 72.2%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,211
• − Mortgage interest: −$3,921
• − Property taxes: −$309
• − Insurance: −$350
• − Repairs & maintenance: −$737
• − Management: −$737
• − Depreciation: −$2,036
• Taxable income: $1,122
• Est. tax owed @ 24.0%: −$269
• After-tax cash flow: $1,944/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: Trona Joint Unified
• NCES district ID: 0639840
• Math proficiency: 25% ▲ 5.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $35,514
• Composite: 29.6/100
• National rank: #11751
• State rank: #1004 of 1400 in CA

Livability — Searles Valley

• Score: 62/100
• State rank: #500
• US rank: #16976

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Searles Valley, CA
• Population (ZIP): 1,822

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 White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 22% Two or more races 14% Black 2% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 16% Cuban 2%
• Common ancestry: Italian 6% Slovak 2% Russian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 94% English-only · Spanish 4% Chinese 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: —
• Current HPI: —
• 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

+250.0% since first listed

11 events — show timeline

• 2026-05-08 Pending — SSMLS
• 2026-04-16 Price Changed $69,995 SSMLS
• 2026-03-05 Price Changed $74,995 SSMLS
• 2026-02-14 Price Changed $89,995 SSMLS
• 2026-01-21 Relisted — SSMLS
• 2026-01-02 Price Changed $109,995 SSMLS
• 2025-09-04 Price Changed $114,995 SSMLS
• 2025-07-20 Listed $119,000 SSMLS
• 1995-07-13 Sold (Public Records) $26,500 Public Records
• 1984-05-22 Sold (Public Records) $19,000 Public Records
• 1981-04-30 Sold (Public Records) $20,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $309 · +1.9% YoY. Source: county tax records.