1740 Broadway St #39 · Vallejo, CA 94589

$220,000

2 bd · 2.0 ba · 1,100 sqft · Manufactured · 33 Days on market

Built 1968 Good condition Est $156k · 41% over

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Why this score? — see what drove the D+ 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 +20.1/30.0
• DSCR +6.4/10.0
• 1% rule +5.3/10.0
• Rent growth +3.9/5.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Schools +2.6/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Wecome to this beautiful and spacious double-wide manufactured home located in the desirable Redwood Mobile Home Park in Vallejo. This well kept home offers 2 bedrooms and 2 full bathrooms, including a primary bathroom with double sinks. Enjoy the large living room and dining area with plenty of space for entertaining and everyday living. The kitchen is a great size and in good condition with ample cabinet space. Additional features include an indoor laundry room and parking for up to 3 vehicles. Conveniently located near shopping, restaurants, and freeway access. A great opportunity to own a comfortable and affordable home in the Bay Area!

Key facts

• Large living room
• Ample cabinet space
• Indoor laundry room

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• LARGE LIVING ROOM
• INDOOR LAUNDRY ROOM
• AMPLE CABINET SPACE
• PARKING FOR UP TO 3 VEHICLES

Property features AI

Finance

• Financial info: Monthly land lease: $1,200
• HOA & community: No homeowners association; Not a senior community

Exterior

• Parking: Covered parking for 3 vehicles
• Utilities: Public sewer; 220 volts available in laundry
• Home design: Manufactured in park; Double-wide
• Construction: Metal skirting; Manufactured home (Universal manufacturer; make not available)
• Exterior features: Metal roof; Located in Redwood Mobile Home Park; Land lease (space rent applies)

Interior

• Bedrooms: 2 bedrooms
• Flooring: Wood
• Bathrooms: 2 full bathrooms with double sinks and shower stalls
• Heating & cooling: Electric heating; Ceiling fans for cooling
• Interior features: Wood flooring; Laundry closet with hookups
• Laundry & utility: Washer/dryer hookups (220V in laundry); Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $220k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $213k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.1% in Vallejo — 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 67/100 on livability (#304 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D-, crime F, cost of living F.
• Vallejo City Unified (urban): math 20% / reading 30% proficiency, ranked #1,124 of 1,400 in CA (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 70 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,472 units permitted in Solano County in 2024 (131 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Solano County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $213,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.03% ✓
• Cap rate: 7.78%
• Cash-on-cash: 5.30%
• DSCR: 1.24
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $156,200
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
614 Tamarisk St	0.45mi	2/2.0	1,248 (+14%)	10mo	$99,000	$79	48
117 Mimosa Ave	0.53mi	3/2.0 (+1)	1,040 (-6%)	22mo	$185,000	$178	42
88 Juniper Dr	0.63mi	3/2.0 (+1)	1,060 (-4%)	23mo	$150,000	$142	40

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 · 5.46% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-12,550
• Equity at exit: $32,803

10-year hold

• IRR: 7.1%
• Equity multiple: 1.59×
• Total profit: $36,332
• Equity at exit: $19,022

Cash invested: $61,600 (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 94589

• Rents YoY: 5.5%
• Active inventory: 70
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,269 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $272

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 83%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1101 N Camino Alto Vallejo, CA	1.0–2.0	1.0–2.0	910	$2,469	$2.71	14d	8	0.28mi
165 Oddstad Dr #2 Vallejo, CA	2.0	1.5	1180	$2,300	$1.95	14d	1	0.46mi
165 Oddstad Dr Vallejo, CA	2.0	1.5	1140	$2,280	$2.00	14d	2	0.49mi
322 Pecan St Vallejo, CA	2.0	1.0	852	$2,600	$3.05	44d	1	0.59mi
2420 Alameda St Vallejo, CA	3.0	2.0	1184	$2,600	$2.20	44d	1	0.61mi
1455 N Camino Alto Vallejo, CA	1.0	1.0	900	$1,895	$2.11	21d	1	0.63mi
355 Parkview Ter Apt H5 Vallejo, CA	2.0	1.0	918	$1,800	$1.96	21d	1	0.66mi
355 Parkview Ter Unit E-2 Vallejo, CA	1.0	1.0	720	$1,750	$2.43	14d	1	0.67mi
1457 N Camino Alto Vallejo, CA	2.0	2.0	1000	$2,200	$2.20	44d	1	0.68mi
445 Redwood St Vallejo, CA	1.0–2.0	1.0	618	$1,732	$2.80	14d	1	0.72mi
88 Valle Vista Ave Vallejo, CA	1.0–3.0	1.0–2.0	1019	$2,302	$2.26	14d	10	0.75mi
55 Valle Vista Ave Vallejo, CA	1.0–2.0	1.0–2.0	769	$2,217	$2.88	14d	20	0.82mi
15 Werden St Vallejo, CA	3.0	1.0	988	$2,100	$2.13	23d	1	0.87mi
45 Baldwin St Vallejo, CA	3.0	1.0	988	$1,999	$2.02	14d	1	0.89mi
19 Panorama Dr Vallejo, CA	2.0	1.0	862	$2,045	$2.37	14d	7	0.89mi
24 Panorama Dr Apt B Vallejo, CA	2.0	1.0	980	$1,900	$1.94	44d	1	0.91mi
2211 Redwood St Vallejo, CA	2.0	1.0	875	$2,200	$2.51	23d	1	0.99mi
2230 Redwood St Vallejo, CA	3.0	2.0	1365	$2,850	$2.09	23d	1	0.99mi
70 Parrott St Vallejo, CA	3.0	1.0	988	$2,075	$2.10	44d	1	1.03mi
226 Nigh St Vallejo, CA	3.0	2.0	1020	$2,950	$2.89	44d	1	1.09mi
50 Frey Pl Unit 5 Vallejo, CA	2.0	1.0	825	$1,575	$1.91	21d	1	1.10mi
50 Frey Pl Unit 12 Vallejo, CA	2.0	1.0	825	$1,700	$2.06	44d	1	1.10mi
125 Hibiscus Ct Vallejo, CA	3.0	1.0	1000	$2,709	$2.71	44d	1	1.11mi
271 Viewmont Ave Vallejo, CA	2.0	1.0	992	$2,200	$2.22	14d	1	1.11mi
1910 Marin St Vallejo, CA	2.0	1.0	725	$2,550	$3.52	44d	1	1.12mi
771 Quartz Ln Vallejo, CA	3.0	2.0	1176	$2,900	$2.47	44d	1	1.19mi
627 Pierce St Vallejo, CA	3.0	2.0	1393	$2,859	$2.05	14d	1	1.21mi
511 Lighthouse Dr Vallejo, CA	1.0	1.0	718	$1,800	$2.51	14d	1	1.25mi
514 Indiana St Vallejo, CA	3.0	2.0	1100	$2,800	$2.55	23d	1	1.32mi
424 Corcoran Ave Vallejo, CA	2.0	1.0	1200	$2,300	$1.92	14d	1	1.33mi
10 Lee St Unit 7 Vallejo, CA	2.0	1.0	950	$1,695	$1.78	23d	1	1.34mi
10 Lee St Unit 4 Vallejo, CA	2.0	1.0	950	$1,595	$1.68	44d	1	1.34mi
1717 Sutter St Unit B Vallejo, CA	1.0	1.0	1050	$1,700	$1.62	23d	1	1.34mi
321 Lighthouse Dr Vallejo, CA	2.0	1.0	840	$2,300	$2.74	23d	1	1.35mi
69 B St Vallejo, CA	3.0	1.0	1056	$2,000	$1.89	14d	1	1.37mi
265 Voyager Dr Vallejo, CA	3.0	2.5	1444	$3,200	$2.22	44d	1	1.37mi
245 Voyager Dr Vallejo, CA	2.0	1.0	820	$2,650	$3.23	14d	1	1.38mi
11 B St Vallejo, CA	2.0	1.0	986	$2,200	$2.23	23d	1	1.39mi
123 Kathy Ellen Dr Vallejo, CA	2.0	1.5	950	$2,145	$2.26	14d	1	1.46mi
166 Kathy Ellen Dr Vallejo, CA	2.0	2.0	1218	$2,700	$2.22	44d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $220,000 Active 33 DOM
2. 2026-06-17
   days on market $220,000 Active 32 DOM
3. 2026-06-16
   days on market $220,000 Active 31 DOM
4. 2026-06-15
   days on market $220,000 Active 30 DOM
5. 2026-06-14
   days on market $220,000 Active 28 DOM
6. 2026-06-10
   days on market $220,000 Active 25 DOM
7. 2026-06-09
   days on market $220,000 Active 24 DOM
8. 2026-06-08
   days on market $220,000 Active 23 DOM
9. 2026-06-07
   days on market $220,000 Active 22 DOM
10. 2026-06-05
    days on market $220,000 Active 19 DOM
11. 2026-06-03
    days on market $220,000 Active 18 DOM
12. 2026-06-02
    days on market $220,000 Active 17 DOM
13. 2026-06-01
    days on market $220,000 Active 16 DOM
14. 2026-05-31
    days on market $220,000 Active 15 DOM
15. 2026-05-30
    days on market $220,000 Active 14 DOM
16. 2026-05-16
    listed $220,000 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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 13 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,223
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,178
• − Management: −$2,178
• − Depreciation: −$6,400
• Taxable loss: −$256
• Est. tax savings @ 24.0%: +$61
• After-tax cash flow: $3,323/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 · 8 photos

Good 75/100 Cosmetic rehab

This well-maintained and updated manufactured home in Vallejo, CA, offers a spacious layout with good condition throughout. It is ready for a new owner to move in and enjoy.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value.
• Both Replace light fixtures — Modern light fixtures can improve the home's aesthetic and energy efficiency.
• Both Install smart home devices — Smart home devices can increase convenience and property value.
• Both Add outdoor lighting — Outdoor lighting can improve safety and curb appeal.
• Both Upgrade appliances — Upgraded appliances can increase the home's appeal and value.
• Both Add a small front porch — A small front porch can enhance curb appeal and provide a welcoming entrance.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Replace light fixtures — Modern light fixtures can improve the home's aesthetic and energy efficiency. ↑
• Both Install smart home devices — Smart home devices can increase convenience and property value. ↑
• Both Add outdoor lighting — Outdoor lighting can improve safety and curb appeal. ↑
• Both Upgrade appliances — Upgraded appliances can increase the home's appeal and value. ↑
• Both Add a small front porch — A small front porch can enhance curb appeal and provide a welcoming entrance. ↑

ⓘ 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: Vallejo City Unified
• NCES district ID: 0640740
• Math proficiency: 20% ▬ 0.00%
• Reading proficiency: 30% ▬ 0.00%
• Median HH income: $59,919
• Composite: 26.02/100
• National rank: #12743
• State rank: #1124 of 1400 in CA

Livability — Vallejo

• Score: 67/100
• State rank: #304
• US rank: #10215

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vallejo, CA
• County: Solano County · 433,239 people
• City population: 125,311
• Metro: Vallejo, CA
• Population (ZIP): 29,990
• Household income: $92,735
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 1317.0

Population outlook (Solano County) Hauer SSP2

• Today (2025): 478,685 people
• By 2030: 497,974 · +4.0%
• By 2040: 528,515 · +10.4%
• By 2050: 549,115 · +14.7%
• By 2075: 587,229 · +22.7%
• By 2100: 571,378 · +19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Hispanic / Latino 39% Asian 23% Black 15% White 15% Two or more races 12% Pacific Islander 3%
• Hispanic origin (detail): Mexican 25% Puerto Rican 1%
• Common ancestry: Russian 1% Portuguese 1% Lithuanian 1%
• Foreign-born: 33% · Canada, Vietnam, Jamaica
• Languages at home: 50% English-only · Spanish 29% Tagalog/Filipino 14% Other Asian/Pacific 2%

Political lean MEDSL · Solano

• 2024 margin: Strong D (+23.0) · D 60.0% · R 37.1% · Other 2.9%
• 2008→2024 swing: -5.6pp toward R · 2008: 28.6pp · 2024: 23.0pp
• All cycles: 2024: D+23.0 2020: D+30.3 2016: D+30.5 2012: D+28.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -421.47%
• Current HPI: 280.1352
• Rent YoY: ▲ 5.46%
• Metro: Vallejo, 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

1 event — show timeline

• 2026-05-16 Listed $220,000 BAREIS