2399 E 14th St #55 · San Leandro, CA 94577

$42,000

1 bd · 1.0 ba · 480 sqft · Manufactured · 59 Days on market

Built 1976 $88/sqft · 51% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this single wide mobile home located in the bay area. The home features a living room, dining area and kitchen. There is also 1 bedroom and 1 bath. Total area is 480 square feet. The mobile home park is close to freeway access and all the amenities the bay area offers. Come check it out, this will not last!

Key facts

• Built 1976
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $42k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $42k).
• Recommended offer: $41k (3.0% below list) — sets the bar for market timing.
• Cap rate 40.4% vs local median 2.0% in San Leandro — 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 68/100 on livability (#289 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, health & safety A+; Watch: amenities C-, schools D, crime F.
• San Leandro Unified (urban): math 28% / reading 42% proficiency, ranked #831 of 1,400 in CA (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.7%/yr); 106 active listings in the ZIP; solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $290 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $12k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($41k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y 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 $25k; list at $42k implies a 68% gain — meaningful room to come down on a strong offer.

Recommended offer $40,740 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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 1976 — 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: 4.47% ✓
• Cap rate: 40.39%
• Cash-on-cash: 121.77%
• DSCR: 6.42
• GRM: 1.9

CMA / ARV

• ARV (median comp): $85,000
• List price: $42,000
• Delta: -50.59%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2399 E 14th St #66	0.01mi	1/1.0	480 (0%)	3mo	$46,000	$96	97
2399 E 14th St #56	0.01mi	1/1.0	480 (0%)	23mo	$33,000	$69	80
2399 E 14th St #71	0.07mi	1/1.0	480 (0%)	21mo	$55,000	$115	79
2399 E 14th St #81	0.01mi	1/1.0	504 (+5%)	15mo	$29,000	$58	78
2399 E 14th St #105	0.06mi	1/1.0	420 (-12%)	1mo	$46,000	$110	76
2399 E 14th St #52	0.02mi	1/1.0	528 (+10%)	12mo	$60,000	$114	72
2399 E 14th St #67	0.01mi	1/1.0	528 (+10%)	23mo	$25,000	$47	64

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 · 1.74% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.69×
• Total profit: $66,875
• Equity at exit: $6,262

10-year hold

• IRR: —
• Equity multiple: 13.48×
• Total profit: $146,808
• Equity at exit: $3,631

Cash invested: $11,760 (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 94577

• Rents YoY: 1.7%
• Active inventory: 106
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,878 medium
• Mortgage (P&I): −$220
• Tax est. 1.5%: −$52 /mo · $630/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $1,193

Break-even live

Break-even rent $367

Max offer price $42,000

Occupancy floor 31%

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: $10,500
• Closing costs: $1,260
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $42,000 Active 59 DOM
2. 2026-06-17
   days on market $42,000 Active 58 DOM
3. 2026-06-16
   days on market $42,000 Active 57 DOM
4. 2026-06-15
   days on market $42,000 Active 56 DOM
5. 2026-06-13
   days on market $42,000 Active 54 DOM
6. 2026-06-09
   days on market $42,000 Active 50 DOM
7. 2026-06-08
   days on market $42,000 Active 49 DOM
8. 2026-06-07
   days on market $42,000 Active 48 DOM
9. 2026-06-04
   days on market $42,000 Active 45 DOM
10. 2026-06-03
    days on market $42,000 Active 44 DOM
11. 2026-06-02
    days on market $42,000 Active 43 DOM
12. 2026-06-01
    days on market $42,000 Active 42 DOM
13. 2026-05-31
    days on market $42,000 Active 41 DOM
14. 2026-04-20
    listed $42,000 Active 323-char remark

    Show marketing remark (323 chars)

    Come check out this single wide mobile home located in the bay area. The home features a living room, dining area and kitchen. There is also 1 bedroom and 1 bath. Total area is 480 square feet. The mobile home park is close to freeway access and all the amenities the bay area offers. Come check it out, this will not last!

15. 2025-01-28
    soldstatus $25,000 Sold 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

16. 2025-01-28
    soldstatus $25,000

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

17. 2025-01-15
    status Pending (Do Not Show) 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

18. 2024-07-26
    price $34,900 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

19. 2024-04-09
    price $39,900 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

20. 2023-08-11
    price $45,000 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

21. 2023-05-24
    price $54,900 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

22. 2023-04-20
    status Active 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

23. 2023-04-19
    status Pending (Do Not Show) 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

24. 2023-03-01
    price $59,900 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

25. 2022-12-28
    listed $69,900 Active 470-char remark

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

26. 2022-12-28
    listed $34,900

    Show marketing remark (470 chars)

    Great way to stay in the Bay Area!!! 1976 Home is approx. : 480 Sq. ft. of living space with 1 Bedroom and 1 Bathroom. Living room with natural light, dining area and window A/C. Kitchen features stove, gas-oven, refrigerator and pantry in the hallway. The bathroom with tub & shower, medicine cabinet and linoleum flooring. Trailer Haven Mobile Home & RV Park is located close to restaurants, shopping, transportation, and freeway access. It is a MUST SEE!.

27. 2022-11-14
    historical
28. 2022-07-04
    price
29. 2022-05-10
    price
30. 2022-01-07
    listed New
31. 2016-04-15
    historical
32. 2016-04-15
    soldstatus $31,000 Sold
33. 2016-01-26
    status Pending
34. 2015-11-25
    listed $39,000 New

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥84°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 12 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,535
• − Mortgage interest: −$2,353
• − Property taxes: −$630
• − Insurance: −$210
• − Repairs & maintenance: −$1,803
• − Management: −$1,803
• − Depreciation: −$1,222
• Taxable income: $14,515
• Est. tax owed @ 24.0%: −$3,484
• After-tax cash flow: $10,836/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 Leandro Unified
• NCES district ID: 0634680
• Math proficiency: 28% ▲ 3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $63,377
• Composite: 34.23/100
• National rank: #10252
• State rank: #831 of 1400 in CA

Livability — San Leandro

• Score: 68/100
• State rank: #289
• US rank: #9768

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Leandro, CA
• County: Alameda County · 1,614,355 people
• City population: 88,086
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 46,317
• Household income: $108,772
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 2005.0

Population outlook (Alameda County) Hauer SSP2

• Today (2025): 1,928,884 people
• By 2030: 2,069,146 · +7.3%
• By 2040: 2,338,405 · +21.2%
• By 2050: 2,586,608 · +34.1%
• By 2075: 3,061,911 · +58.7%
• By 2100: 3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.76)
• Race & ethnicity: Hispanic / Latino 31% Asian 28% White 23% Two or more races 14% Black 12% Native American 2% Pacific Islander 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Russian 2% Italian 1% Lithuanian 1%
• Foreign-born: 34% · Canada, China, Vietnam
• Languages at home: 51% English-only · Spanish 23% Chinese 10% Tagalog/Filipino 7%

Political lean MEDSL · Alameda

• 2024 margin: Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
• 2008→2024 swing: -5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -867.55%
• Current HPI: 265.2446
• Rent YoY: ▲ 1.74%
• Metro: San Francisco-Oakland-Berkeley, 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

+7.7% since first listed

21 events — show timeline

• 2026-04-20 Listed $42,000 CRMLS
• 2025-01-28 Sold (MLS) $25,000 San Francisco MLS
• 2025-01-28 Sold (MLS) $25,000 MLSListings
• 2025-01-15 Pending — MLSListings
• 2024-07-26 Price Changed $34,900 MLSListings
• 2024-04-09 Price Changed $39,900 MLSListings
• 2023-08-11 Price Changed $45,000 MLSListings
• 2023-05-24 Price Changed $54,900 MLSListings
• 2023-04-20 Relisted — MLSListings
• 2023-04-19 Pending — MLSListings
• 2023-03-01 Price Changed $59,900 MLSListings
• 2022-12-28 Listed $69,900 MLSListings
• 2022-12-28 Listed $34,900 San Francisco MLS
• 2022-11-14 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2022-07-04 Price Changed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2022-05-10 Price Changed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2022-01-07 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-04-15 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-04-15 Sold (MLS) $31,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-01-26 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-11-25 Listed $39,000 bridgeMLS, Bay East AOR, or Contra Costa AOR