26297 Baseline St Spc 63 · Highland, CA 92346

$50,000

2 bd · 1.0 ba · 756 sqft · Manufactured public records · 69 Days on market

Built 1979 $66/sqft · 44% below area Est $89k · 44% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.2/5.0
• Schools +3.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 756 square foot mobile / manufactured home has 2 bedrooms and 1.0 bathrooms. This home is located at 26297 Baseline St Space 63, Highland, CA 92346.

Key facts

• Built 1979
• Listed 69 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 36.0% vs local median 2.9% in Highland — 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 59/100 on livability (#618 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A-; Watch: schools C-, commute D+, crime D-.
• San Bernardino City Unified (urban): math 27% / reading 40% proficiency, ranked #959 of 1,400 in CA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.9%/yr); 147 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• 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 + 2.9% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 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 1979 — 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. 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: 4.01% ✓
• Cap rate: 36.01%
• Cash-on-cash: 106.13%
• DSCR: 5.72
• GRM: 2.1

CMA / ARV

• ARV (median comp): $89,000
• List price: $50,000
• Delta: -43.82%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26297 Baseline St #59	0.00mi	2/2.0	828 (+10%)	12mo	$100,000	$121	70
26245 E Baseline St #58	0.07mi	2/1.0	820 (+8%)	21mo	$105,000	$128	65
26063 E Baseline St #6	0.28mi	2/1.0	672 (-11%)	15mo	$99,500	$148	56
26250 9th. Steet #126	0.17mi	1/1.0 (-1)	672 (-11%)	20mo	$95,000	$141	52
2727 Pacific St #42	0.65mi	3/2.0 (+1)	792 (+5%)	17mo	$130,000	$164	39

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 · 2.91% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.04×
• Total profit: $70,611
• Equity at exit: $7,455

10-year hold

• IRR: —
• Equity multiple: 12.60×
• Total profit: $162,417
• Equity at exit: $4,323

Cash invested: $14,000 (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 92346

• Rents YoY: 2.9%
• Active inventory: 147
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $2,005 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $1,238

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 33%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7410 San Francisco St Highland, CA	2.0	2.0	864	$2,400	$2.78	20d	1	0.34mi
7410 San Francisco St Highland, CA	2.0	2.0	864	$2,500	$2.89	24d	1	0.34mi
26026 9th St San Bernardino, CA	2.0	1.0	850	$1,900	$2.24	24d	1	0.38mi
26660 9th St Highland, CA	1.0–2.0	1.0–2.0	755	$2,050	$2.72	2d	4	0.42mi
26030 E Baseline St San Bernardino, CA	1.0–2.0	1.0	788	$1,700	$2.16	44d	1	0.42mi
25913 E Baseline St San Bernardino, CA	2.0	1.0	950	$1,675	$1.76	44d	1	0.46mi
25941 9th St San Bernardino, CA	2.0	1.0	950	$1,700	$1.79	3d	1	0.53mi
7221 Olive St Highland, CA	2.0	1.0	866	$2,150	$2.48	44d	1	0.61mi
7862 Lankershim Ave Highland, CA	2.0	1.0	800	$1,675	$2.09	44d	1	0.62mi
25795 Walker St San Bernardino, CA	3.0	1.0	878	$2,350	$2.68	13d	1	0.64mi
7239 Sterling Ave San Bernardino, CA	2.0	1.0	600	$1,750	$2.92	18d	1	0.74mi
7767 Colwyn Ave Highland, CA	3.0	1.5	1107	$2,500	$2.26	24d	1	0.77mi
26674 Ward St Highland, CA	1.0	1.0	720	$1,432	$1.99	13d	1	0.81mi
25863 Pacific St Unit 18 San Bernardino, CA	1.0	1.0	900	$1,495	$1.66	44d	1	0.82mi
2169 Sunrise Ln E Unit A San Bernardino, CA	3.0	2.0	1000	$2,000	$2.00	24d	1	0.99mi
7205 Osbun Rd San Bernardino, CA	3.0	1.0	1100	$2,450	$2.23	4d	1	1.04mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,677	$2.16	20d	1	1.09mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,827	$2.36	44d	1	1.09mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,677	$2.16	24d	1	1.09mi
6985 Osbun Rd San Bernardino, CA	3.0	1.0	900	$2,500	$2.78	44d	1	1.14mi
27205 Main St Highland, CA	1.0	1.0	700	$1,575	$2.25	44d	1	1.28mi
2225 Pumalo St San Bernardino, CA	1.0–2.0	1.0–2.0	750	$2,035	$2.71	44d	1	1.30mi
1422 E 9th St San Bernardino, CA	1.0–2.0	1.0	675	$1,949	$2.89	2d	4	1.42mi
3404 20th St #1 Highland, CA	2.0	1.0	780	$2,195	$2.81	3d	1	1.45mi
1775 E 20th St San Bernardino, CA	1.0	1.0	650	$1,595	$2.45	44d	1	1.46mi
6787 Cole Ave Highland, CA	2.0–3.0	2.0	1005	$2,125	$2.11	2d	1	1.46mi
3511 Rainbow Ln Highland, CA	2.0	1.0	780	$2,050	$2.63	3d	1	1.49mi
3479 20th St Highland, CA	2.0	1.0	882	$1,995	$2.26	44d	1	1.50mi

Listing history 16 events

1. 2026-06-18
   days on market $50,000 Active 69 DOM
2. 2026-06-17
   days on market $50,000 Active 68 DOM
3. 2026-06-16
   days on market $50,000 Active 67 DOM
4. 2026-06-15
   days on market $50,000 Active 66 DOM
5. 2026-06-13
   days on market $50,000 Active 64 DOM
6. 2026-06-09
   days on market $50,000 Active 60 DOM
7. 2026-06-08
   days on market $50,000 Active 59 DOM
8. 2026-06-07
   days on market $50,000 Active 58 DOM
9. 2026-06-04
   days on market $50,000 Active 55 DOM
10. 2026-06-03
    days on market $50,000 Active 54 DOM
11. 2026-06-02
    days on market $50,000 Active 53 DOM
12. 2026-06-01
    days on market $50,000 Active 52 DOM
13. 2026-05-31
    days on market $50,000 Active 51 DOM
14. 2026-04-06
    listed $50,000 Active 153-char remark

    Show marketing remark (153 chars)

    This 756 square foot mobile / manufactured home has 2 bedrooms and 1.0 bathrooms. This home is located at 26297 Baseline St Space 63, Highland, CA 92346.

15. 2014-07-17
    historical
16. 2014-01-16
    listed $19,900 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥101°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 29 unhealthy d/yr today · 35 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,057
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,925
• − Management: −$1,925
• − Depreciation: −$1,455
• Taxable income: $14,953
• Est. tax owed @ 24.0%: −$3,589
• After-tax cash flow: $11,270/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: San Bernardino City Unified
• NCES district ID: 0634170
• Math proficiency: 27% ▲ 1.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $39,758
• Composite: 30.8/100
• National rank: #11385
• State rank: #959 of 1400 in CA

Livability — Highland

• Score: 59/100
• State rank: #618
• US rank: #19608

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Highland, CA
• County: San Bernardino County · 2,030,291 people
• City population: 56,179
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 56,179
• Household income: $85,163
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 1816.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 53% White 26% Two or more races 14% Black 8% Asian 8% Native American 1%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Italian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 19% · Canada, Vietnam, South Korea
• Languages at home: 60% English-only · Spanish 32% Vietnamese 2% Tagalog/Filipino 2%

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: ▼ -328.00%
• Current HPI: 367.2829
• Rent YoY: ▲ 2.91%
• Metro: Riverside-San Bernardino-Ontario, 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

+151.3% since first listed

3 events — show timeline

• 2026-04-06 Listed $50,000 Fizber.com
• 2014-07-17 Listing Removed — CRMLS
• 2014-01-16 Listed $19,900 CRMLS

Property tax history

-6.1%/yr

Latest (2025): $28 · +0.1% YoY. Source: county tax records.