200 N El Camino Real #347 · Oceanside, CA 92058

$215,000

2 bd · 2.0 ba · 960 sqft · Manufactured public records · 17 Days on market

Built 1977 $224/sqft · at area comps Est $219k · at est.

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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 +26.9/30.0
• DSCR +9.3/10.0
• ARV discount +8.3/15.0
• 1% rule +7.2/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

Key facts

• Low space rent
• Spacious kitchen
• Functional floorplan

Tags

• SAN LUIS REY COMMUNITY
• AFFORDABLE COASTAL LIVING
• RENT CONTROLLED COMMUNITY
• LOW SPACE RENT
• FUNCTIONAL FLOORPLAN
• SPACIOUS KITCHEN

Property features AI

Finance

• Other: Park name: San Luis Rey Park
• Financial info: Land lease of $695 per month
• HOA & community: Part of an association with onsite property management; Senior community; Community amenities include pool, clubhouse, spa, pickleball, banquet facilities, maintained grounds, and pest control; Pet rules and onsite management; call for association rules

Exterior

• Parking: 2 parking spaces; 2 carport spaces; Located in San Luis Rey Park
• Utilities: Public sewer
• Home design: Single-story property; Mobile home remains on site
• Construction: Living area per public records
• Exterior features: Back yard; Community pool; One shed on the property

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central cooling
• Interior features: One-level home with front entry; Living room; Has view
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $215k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/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: $212k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 2.5% in Oceanside — 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 64/100 on livability (#413 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A; Watch: crime D, cost of living F, health & safety D-.
• Oceanside Unified (suburban): math 31% / reading 51% proficiency, ranked #221 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Louise Foussat Elementary (525 students, 80% FRL); Jefferson Middle (466 students, 94% FRL); Oceanside High (math 24% / reading 45%, grade F, #618 of 1,170 statewide, top 56%, 1,907 students, 74% FRL) — zoned schools average 83% FRL vs 47% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 69 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• At $2,632/mo this rent would consume 45% of the median local household income ($70k/yr) (locally 4169% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $75k; list at $215k implies a 187% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A99 (mandatory federal flood insurance); extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,775 (1.5% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D 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: 1.22% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.82%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (median comp): $218,957
• List price: $215,000
• Delta: 5.04%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2 Bahia Ln	0.31mi	2/2.0	1,000 (+4%)	2mo	$150,000	$150	77
57 Bob Ln	0.50mi	2/2.0	960 (0%)	9mo	$235,000	$245	69
221 N El Camino Real Real #57	0.24mi	2/2.0	1,008 (+5%)	14mo	$262,000	$260	68
200 N El Camino Real #67	0.09mi	2/2.0	1,080 (+12%)	9mo	$230,000	$213	67
221 N El Camino Real #67	0.18mi	3/2.0 (+1)	1,080 (+12%)	3mo	$265,000	$245	64
57 El Morro Ln	0.35mi	2/2.0	1,040 (+8%)	14mo	$200,000	$192	58
80 Shirle Ln	0.55mi	2/2.0	924 (-4%)	17mo	$215,000	$233	54
65 Madra Ln	0.35mi	1/1.0 (-1)	900 (-6%)	17mo	$195,000	$217	50
41 Chico Ln	0.36mi	2/2.0	1,080 (+12%)	16mo	$160,000	$148	49
50 Madra	0.33mi	2/2.0	1,080 (+12%)	22mo	$318,000	$294	45
141 Douglas Dr #77	0.39mi	2/1.0	849 (-12%)	17mo	$175,000	$206	45

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.79×
• Total profit: $-12,634
• Equity at exit: $32,057

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-1,959
• 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 92058

• Home prices YoY: -34.9%
• Rents YoY: -0.1%
• Active inventory: 69
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,632 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$553
• Net cashflow: $468

Break-even live

Break-even rent $2,039

Max offer price $215,000

Occupancy floor 77%

Sensitivity live

Price	-10% $616	-5% $542	+0% $468	+5% $394	+10% $319
Rent	-10% $260	-5% $364	+0% $468	+5% $572	+10% $676
Rate	-1.0pp $576	-0.5pp $523	base $468	+0.5pp $412	+1.0pp $356

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 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 N El Camino Real #291 Oceanside, CA	2.0	1.0	756	$2,055	$2.72	25d	1	0.01mi
266 N El Camino Real Oceanside, CA	2.0	1.0	865	$2,500	$2.89	13d	4	0.20mi
550 Los Arbolitos Blvd Oceanside, CA	1.0–3.0	1.0–2.0	933	$2,676	$2.87	0d	19	0.21mi
615 Fredricks Ave #166 Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	45d	1	0.23mi
615 Fredricks Ave Unit 2nd floor Oceanside, CA	2.0	2.0	1000	$2,650	$2.65	25d	1	0.23mi
612 Los Arbolitos Blvd Oceanside, CA	2.0–3.0	2.0	1076	$2,682	$2.49	0d	3	0.27mi
283 Douglas Dr Oceanside, CA	2.0–3.0	2.0	1017	$2,419	$2.38	0d	8	0.50mi
263 San Dimas Ave Oceanside, CA	2.0	2.0	908	$3,850	$4.24	45d	1	0.79mi
3891 San Ramon Dr Oceanside, CA	1.0–2.0	1.0–2.0	814	$2,908	$3.57	0d	23	0.81mi
3685 Vista Campana N #74 Oceanside, CA	2.0	2.0	1099	$2,550	$2.32	25d	1	0.90mi
264 Rancho Del Oro Dr Oceanside, CA	2.0	1.0–2.0	988	$2,773	$2.81	0d	15	0.92mi
359 San Dimas Ave Oceanside, CA	2.0	1.0	820	$3,000	$3.66	22d	1	0.96mi
4398 Rainier Way Oceanside, CA	1.0–2.0	1.0–2.0	827	$2,750	$3.32	3d	6	0.98mi
771 Iverson Point Way Oceanside, CA	2.0	1.5	1104	$3,050	$2.76	0d	1	1.09mi
771 Iverson Point Way Oceanside, CA	2.0	1.5	1104	$3,050	$2.76	16d	1	1.09mi
3625 Dearborn St Oceanside, CA	2.0	1.5	1050	$3,000	$2.86	14d	1	1.28mi
4243 Arroyo Vista Way #330 Oceanside, CA	2.0	2.0	791	$3,700	$4.68	45d	1	1.30mi
4251 Arroyo Vista Way #344 Oceanside, CA	3.0	2.0	1094	$3,850	$3.52	45d	1	1.33mi
3901 Mesa Dr Oceanside, CA	1.0–3.0	1.0–2.0	846	$2,755	$3.26	0d	19	1.44mi
319 Garrison St Oceanside, CA	1.0	1.0	580	$2,142	$3.69	23d	2	1.47mi

Listing history 19 events

1. 2026-06-21
   days on market $215,000 Active 17 DOM
2. 2026-06-18
   days on market $215,000 Active 14 DOM
3. 2026-06-17
   days on market $215,000 Active 13 DOM
4. 2026-06-16
   days on market $215,000 Active 12 DOM
5. 2026-06-15
   days on market $215,000 Active 11 DOM
6. 2026-06-13
   days on market $215,000 Active 9 DOM
7. 2026-06-13
   days on market $215,000 Active 8 DOM
8. 2026-06-09
   days on market $215,000 Active 5 DOM
9. 2026-06-08
   days on market $215,000 Active 4 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    pricedays on marketlisting id $215,000 Active 3 DOM
12. 2026-02-22
    listed $229,999 Active 655-char remark
13. 2015-02-13
    soldstatus $75,000 Sold 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

14. 2015-02-13
    soldstatus $75,000 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

15. 2015-02-12
    status Pending 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

16. 2015-02-10
    status Active 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

17. 2015-01-29
    status Pending 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

18. 2015-01-14
    listed $79,900 Active 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

19. 2014-10-24
    listed $79,900 523-char remark

    Show marketing remark (523 chars)

    PENDING Charming home 55+. Low space rent $501.57 incl water, sewer & trash. 1040 Sq ft +/- Near beaches, transp & shopping! Enclosed sun porch, newer carpet & lg windows. Designer exterior paint & fresh white paint in kitchen. Like new refrig & dishwasher incl. Newer disposal & stove/oven. Newer neutral flooring, spacious closets. Private laundry area. W/D. Central A/C. Entrance ramp. Shed. Small private yard area in back. Pets welc. upon appr. Community pools, Clubhouse, Tennis, BBQ area

ⓘ 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 A99 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥86°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,578
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$2,578
• − Repairs & maintenance: −$2,526
• − Management: −$2,526
• − Depreciation: −$6,255
• Taxable income: $2,426
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $5,033/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: Oceanside Unified
• NCES district ID: 0628250
• Math proficiency: 31% ▼ -5.00%
• Reading proficiency: 51% ▲ 6.00%
• Median HH income: $55,158
• Composite: 35.74/100
• National rank: #4853
• State rank: #221 of 517 in CA

Livability — Oceanside

• Score: 64/100
• State rank: #413
• US rank: #14081

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oceanside, CA
• County: San Diego County · 3,178,799 people
• City population: 198,702
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 49,834
• Household income: $69,970
• Rent vs Own: 74.6% rent · 25.4% own
• Severe rent burden: 4169.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 43% White 38% Two or more races 25% Black 6% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 34% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 1% Romanian 1%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 68% English-only · Spanish 26% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -223.54%
• Current HPI: 417.6464
• Rent YoY: ▼ -0.11%
• Metro: San Diego-Chula Vista-Carlsbad, 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

+169.1% since first listed

10 events — show timeline

• 2026-05-27 Listing Removed — CRMLS
• 2026-05-20 Listed $215,000 CRMLS
• 2026-02-22 Listed $229,999 CRMLS
• 2015-02-13 Sold (MLS) $75,000 CRMLS
• 2015-02-13 Sold (MLS) $75,000 SDMLS
• 2015-02-12 Pending — SDMLS
• 2015-02-10 Relisted — SDMLS
• 2015-01-29 Pending — SDMLS
• 2015-01-14 Listed $79,900 SDMLS
• 2014-10-24 Listed $79,900 CRMLS

Property tax history

-13.8%/yr

Latest (2013): $217 · +2.5% YoY. Source: county tax records.