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15621 Beach Blvd #103
C+ Composite 63.99
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 +22.5/30.0
  • ARV discount +15.0/15.0
  • 1% rule +7.5/10.0
  • DSCR +7.5/10.0
  • Schools +4.2/10.0
  • Condition / age +4.0/5.0
  • Livability +3.4/5.0
  • Rent growth +3.0/5.0
  • Appreciation +2.5/10.0
  • Manufactured-home adj. -5.6

$139,999

15621 Beach Blvd #103 · Huntington Beach, CA 92683
2 bd · 2.0 ba · 1,368 sqft · Manufactured · 191 Days on market
Manufactured home 55+ age-restricted Built 1970 Good condition 16 ac lot $102/sqft · 17% below area Est $168k · 17% under ↓ 30% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to 15621 Beach Blvd #103, a spacious 2-bedroom, 2-bath remodeled home offering 1,368 square feet of comfortable living in Driftwood Mobile Home Park, a desirable 55+ community in the city of Westminster. The generous living and dining areas provide a welcoming flow for everyday living or entertaining, while the private primary suite includes an en-suite bath and plenty of room to unwind. A well-sized second bedroom and full guest bath offer flexibility for guests, a home office, or hobbies. Carport space for up to two cars, with two garden sheds providing plenty of storage.

Key facts

  • Garden sheds
  • En-suite bath
  • Prime location

Tags

REMODELED HOMEPRIVATE PRIMARY SUITEEN-SUITE BATHGARDEN SHEDSPRIME LOCATIONWELL-MAINTAINED PARK AMENITIES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $140k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $948 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $140k).
  • Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
  • Cap rate 14.4% vs local median 1.7% in Huntington Beach — 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 (#306 in CA) — a middle-class / working-renter tenant base. Strengths: employment A+, commute A-; Watch: amenities C-, cost of living F, health & safety F.
  • Ocean View (suburban): math 57% / reading 63% proficiency, ranked #207 of 1,400 in CA (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Star View Elementary (388 students, 63% FRL); Vista View Middle (math 24% / reading 24%, grade F, #277 of 498 statewide, top 73%, 588 students, 78% FRL); Westminster High (math 51% / reading 68%, grade C+, #205 of 1,170 statewide, top 19%, 2,637 students, 87% FRL) — zoned schools average 76% FRL vs 34% district-wide (42 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 42% at this address vs 60% district-wide (-18 pts) — the specific schools serving this property underperform the Ocean View average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising (+2.0%/yr); 114 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
  • Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 2.0% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 191 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $123,199 (12.0% below list)

Questions for the listing agent

  1. It's been on market 191 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 1970 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  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
1.73%
Cap rate
14.42%
Cash-on-cash
29.02%
DSCR
2.29
GRM
4.8

CMA / ARV

ARV (median comp)
$168,300
List price
$139,999
Delta
-16.82%
Verdict
UNDERPRICED
Comps
13 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
15621 Beach Blvd. #10 0.00mi 2/2.0 1,440 (+5%) 8mo $191,000 $133 84
15621 Beach Blvd #30 #30 0.00mi 2/5.0 1,344 (-2%) 2mo $165,000 $123 84
15621 Beach Blvd #8 0.00mi 3/2.0 (+1) 1,310 (-4%) 14mo $250,000 $191 76
15621 Beach Blvd #24 0.00mi 3/2.0 (+1) 1,248 (-9%) 10mo $157,000 $126 72
15621 Beach Blvd #9 0.00mi 2/2.0 1,458 (+7%) 22mo $164,000 $112 71
15621 Beach Blvd #158 0.00mi 2/2.0 1,248 (-9%) 18mo $95,000 $76 70
15621 Beach Blvd #113 0.00mi 2/2.0 1,224 (-10%) 22mo $290,000 $237 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 · 2.01% rent growth · sell at horizon

5-year hold
IRR
22.3%
Equity multiple
1.90×
Total profit
$35,342
Equity at exit
$20,874
10-year hold
IRR
29.7%
Equity multiple
3.53×
Total profit
$99,056
Equity at exit
$12,105

Cash invested: $39,200 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 3 under contract
Months of supply
10.5 mo (10%/mo absorbed)
Median asking
$189,000 ($147/sqft)
Median days on market
50 d
This list price
14% of active listings are priced below it
ARV vs active asking
-16.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 92683

Rents YoY
2.0%
Active inventory
114
Price-to-rent
4.8×

Monthly cashflow live

Estimated rent
$2,425 high interval (Pro) →
Mortgage (P&I)
$734
Tax est. 1.5%
$175 /mo · $2,100/yr
Insurance
$58
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$509
Net cashflow
$948

Break-even live

Break-even rent $1,225
Max offer price $139,999
Occupancy floor 56%

Sensitivity live

Price -10% $1,045 -5% $996 +0% $948 +5% $900 +10% $851
Rent -10% $757 -5% $852 +0% $948 +5% $1,044 +10% $1,140
Rate -1.0pp $1,019 -0.5pp $984 base $948 +0.5pp $912 +1.0pp $875

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
$35,000
Closing costs
$4,200
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
15555 Huntington Village Ln Huntington Beach, CA 2.0 1.0–2.0 1093 $3,242 $2.97 15d 6 0.20mi
8041 Worthy Dr Westminster, CA 2.0 1.0 900 $2,700 $3.00 35d 1 0.35mi
7400 Center Ave Huntington Beach, CA 2.0 1.0–2.0 990 $4,389 $4.43 0d 1 0.41mi
7521 Edinger Ave Huntington Beach, CA 2.0 1.0–2.0 921 $3,991 $4.33 0d 20 0.44mi
7461 Edinger Ave Huntington Beach, CA 2.0 1.0–2.0 1031 $4,262 $4.13 0d 31 0.47mi
7421 Edinger Ave Unit 203 Huntington Beach, CA 2.0 2.0 1069 $1,699 $1.59 15d 1 0.47mi
7267 Aura Cir Huntington Beach, CA 3.0 2.5 1389 $4,500 $3.24 50d 1 0.61mi
16162 Sher Ln Huntington Beach, CA 1.0–3.0 1.0–1.5 1090 $2,605 $2.39 4d 9 0.63mi
7542 Volga Dr Apt 3 Huntington Beach, CA 2.0 1.5 1200 $2,850 $2.38 15d 1 0.67mi
7542 Volga Dr Huntington Beach, CA 2.0 1.5 1200 $2,900 $2.42 33d 1 0.67mi
7631 Amazon Dr Unit 4 Huntington Beach, CA 2.0 1.0 900 $3,100 $3.44 15d 1 0.67mi
7631 Amazon Dr Huntington Beach, CA 2.0 2.0 950 $3,300 $3.47 2d 1 0.67mi
7601 Amazon Dr Unit 2 Huntington Beach, CA 2.0 2.0 1000 $2,650 $2.65 15d 1 0.68mi
7561 Amazon Dr Unit 3 Huntington Beach, CA 2.0 2.0 1100 $2,800 $2.55 3d 1 0.69mi
7942 Stark Dr Huntington Beach, CA 2.0 2.0 1000 $2,495 $2.50 64d 1 0.70mi
7932 Stark Dr Huntington Beach, CA 2.0 2.0 1000 $2,495 $2.50 7d 1 0.70mi
7672 Amazon Dr Unit 3 Huntington Beach, CA 2.0 2.5 1400 $2,975 $2.12 59d 1 0.70mi
7290 Edinger Ave Huntington Beach, CA 2.0 1.0–2.0 941 $3,812 $4.05 1d 14 0.71mi
16121 Malaga Ln Unit D Huntington Beach, CA 2.0 2.0 1000 $2,800 $2.80 38d 1 0.73mi
8211 San Angelo Dr Huntington Beach, CA 2.0 1.0–1.5 790 $2,965 $3.75 7d 8 0.86mi
8400 Edinger Ave Huntington Beach, CA 2.0 1.0–2.0 778 $2,879 $3.70 2d 9 0.90mi
7912 Glencoe Dr Huntington Beach, CA 3.0 1.0 1100 $3,900 $3.55 15d 1 0.91mi
8772 Pacheco Ave Westminster, CA 3.0 1.0 1110 $3,800 $3.42 31d 1 1.05mi
6911 Laurelhurst Dr Huntington Beach, CA 3.0 2.5 1714 $4,800 $2.80 48d 1 1.06mi
16400 Dana Cir Westminster, CA 3.0 2.0 1266 $4,900 $3.87 30d 1 1.06mi
16501 Wheeler Cir Huntington Beach, CA 3.0 2.0 1111 $3,900 $3.51 26d 1 1.12mi
7082 Heil Ave #1 Huntington Beach, CA 3.0 2.0 1438 $3,500 $2.43 25d 1 1.19mi
14332 Joyce Ave Westminster, CA 3.0 2.0 1100 $3,500 $3.18 36d 1 1.20mi
16531 Kellog Cir Unit 1 Huntington Beach, CA 3.0 2.0 1422 $3,650 $2.57 15d 1 1.20mi
14322 Joyce Ave Westminster, CA 3.0 2.0 1200 $4,190 $3.49 54d 1 1.20mi
7051 Maddox Dr Huntington Beach, CA 1.0–2.0 1.0–2.0 975 $3,300 $3.38 4d 5 1.24mi
7921 Moonshadow Cir Unit 4 Huntington Beach, CA 2.0 1.0 950 $2,545 $2.68 50d 1 1.26mi
16612 Bartlett Ln Unit 4 Huntington Beach, CA 2.0 1.0 1000 $2,600 $2.60 68d 1 1.27mi
8876 Barcelona Plz Westminster, CA 2.0 2.5 1260 $3,450 $2.74 22d 1 1.27mi
14452 Goldenwest St Westminster, CA 2.0 1.5 1300 $3,098 $2.38 43d 1 1.30mi
6431 Brown Cir Huntington Beach, CA 3.0 2.0 1272 $4,500 $3.54 16d 1 1.31mi
7261 La Mancha Cir Unit C Huntington Beach, CA 2.0 2.0 921 $2,500 $2.71 71d 1 1.31mi
16761 Viewpoint Ln Huntington Beach, CA 2.0–3.0 2.0 924 $2,698 $2.92 0d 22 1.32mi
16781 Bardon Ln Unit A Huntington Beach, CA 3.0 2.0 1300 $3,195 $2.46 56d 1 1.33mi
7151 Maple St Apt 1 Westminster, CA 2.0 1.5 1050 $2,500 $2.38 0d 1 1.33mi

Property features AI

Finance

Other
Directions: Driving south on Beach Blvd, turn right onto Driftwood Ln. Pass the first stop sign; home is on the right, #103Road frontage: private road (paved)Lot size source: assessor's dataLot dimensions source: assessor
Financial info
Land lease (monthly) — $1,750 (seller-provided amount)
HOA & community
Senior communityCommunity amenities include pool and outdoor cooking areaCommunity features: curbs, dog park, street lighting, sidewalks, urban settingPark name: Driftwood Mobile Home ParkManager approval requiredPets allowed with breed restrictions

Exterior

Parking
Paved parkingCarport (2 spaces)Guest parkingDeck parking access
Security
Resident managerCarbon monoxide detector(s)Smoke detector(s) and fire/smoke detection system
Utilities
Standard electric serviceNatural gas connectedPublic/district waterPublic sewerElectricity connectedWater connectedSewer connected
Home design
Mobile home (double wide)Updated/remodeled conditionSingle storyEntry level: 1Faces southwestMobile width ~24 ft, length ~57 ftMobile home remains
Construction
Metal roofHardboard and glass with drywall walls constructionPier jacks foundationShed structures (2)
Exterior features
Covered porch and deckPatioIn-ground community poolTV antennaTwo shedsLandscaped lotRectangular lot shapeClose to clubhouseNo fencing

Interior

Kitchen
Kitchen open to family roomKitchen islandPots & pan drawersLaminate countersGas rangeGas ovenRange/stove hoodRecirculated exhaust fan
Bedrooms
All bedrooms on main levelPrimary suite
Flooring
Vinyl flooringLaminate flooring
Bathrooms
2 full bathroomsExhaust fan(s)ShowerGrab bars in bathroom(s)
Heating & cooling
Forced air heating (natural gas)Central cooling
Interior features
Ceiling fanOpen floor planFront entrance and side doorOne-level homeResident manager on siteCarbon monoxide and smoke detectors with fire/smoke detection system
Laundry & utility
Laundry room insideWasher hookupGas dryer hookupIndividual laundry room

Listing history 27 events

  1. 2026-06-29
    days on market $139,999 Active 191 DOM
  2. 2026-06-28
    days on market $139,999 Active 190 DOM
  3. 2026-06-27
    days on market $139,999 Active 189 DOM
  4. 2026-06-26
    days on market $139,999 Active 188 DOM
  5. 2026-06-24
    days on market $139,999 Active 186 DOM
  6. 2026-06-22
    days on market $139,999 Active 184 DOM
  7. 2026-06-21
    days on market $139,999 Active 183 DOM
  8. 2026-06-18
    days on market $139,999 Active 180 DOM
  9. 2026-06-17
    days on market $139,999 Active 179 DOM
  10. 2026-06-16
    days on market $139,999 Active 178 DOM
  11. 2026-06-15
    days on market $139,999 Active 177 DOM
  12. 2026-06-13
    days on market $139,999 Active 175 DOM
  13. 2026-06-13
    days on market $139,999 Active 174 DOM
  14. 2026-06-10
    days on market $139,999 Active 172 DOM
  15. 2026-06-09
    days on market $139,999 Active 171 DOM
  16. 2026-06-08
    days on market $139,999 Active 170 DOM
  17. 2026-06-07
    days on market $139,999 Active 169 DOM
  18. 2026-06-04
    days on market $139,999 Active 166 DOM
  19. 2026-06-03
    days on market $139,999 Active 165 DOM
  20. 2026-06-02
    days on market $139,999 Active 164 DOM
  21. 2026-06-01
    days on market $139,999 Active 163 DOM
  22. 2026-05-31
    days on market $139,999 Active 162 DOM
  23. 2026-05-05
    price $139,999
  24. 2026-04-17
    price $157,000
  25. 2026-03-04
    price $159,000
  26. 2026-01-10
    price $179,999
  27. 2025-12-19
    listed $199,999 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 · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 5/10 Major 7 d/yr ≥87°F today · 22 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,097
− Mortgage interest
−$7,842
− Property taxes
−$2,100
− Insurance
−$700
− Repairs & maintenance
−$2,328
− Management
−$2,328
− Depreciation
−$4,073
Taxable income
$9,727
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,334
After-tax cash flow
$9,042/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $6,840–$20,520 screening

This remodeled mobile home in Driftwood Mobile Home Park offers a good condition with cosmetic updates needed for a fresh look and increased value.

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value
  • Both Replace light fixtures — Modernizes interior and enhances curb appeal
  • Both Install new flooring in bathrooms — Improves aesthetics and value
  • Both Paint interior walls — Enhances interior and curb appeal

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Star View Elementary Middle Vista View Middle F CA #277/498 Nat'l #10,474/14,009 High Westminster High C+ CA #205/1,170 Nat'l #3,588/17,239

Schools (NCES district)

District
Ocean View
NCES district ID
0628140
Math proficiency
57% ▬ 0.00%
Reading proficiency
63% ▼ -1.00%
Median HH income
$77,469
Composite
55.3/100
National rank
#2725
State rank
#207 of 1400 in CA
C Composite livability gradescore 67/100

Livability — Huntington Beach

Score
67/100
State rank
#306
US rank
#10298

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Huntington Beach, CA
County
Orange County · 3,477,456 people
City population
194,835
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
89,833
Household income
$85,585
Rent vs Own
46.5% rent · 53.5% own
Severe rent burden
12% of renters

Population outlook (Orange County) Hauer SSP2

Today (2025)
3,477,456 people
By 2030
3,613,117 · +3.9%
By 2040
3,835,945 · +10.3%
By 2050
3,968,736 · +14.1%
By 2075
4,097,053 · +17.8%
By 2100
3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.64)
Race & ethnicity
Asian 51% Hispanic / Latino 24% White 20% Two or more races 9%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Slovak 1% Portuguese 1% Lithuanian 1%
Foreign-born
46% · Vietnam, Canada, China
Languages at home
35% English-only · Vietnamese 40% Spanish 18% Chinese 2%

Political lean MEDSL · Orange

2024 margin
Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
2008→2024 swing
+5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
All cycles
2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

Civics

Price history

-30.0% since first listed
5 events — show timeline
  • 2026-05-05 Price Changed $139,999 CRMLS
  • 2026-04-17 Price Changed $157,000 CRMLS
  • 2026-03-04 Price Changed $159,000 CRMLS
  • 2026-01-10 Price Changed $179,999 CRMLS
  • 2025-12-19 Listed $199,999 CRMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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