24414 University Ave #108 · Loma Linda, CA 92354

$205,000

3 bd · 2.0 ba · 1,422 sqft · Manufactured public records · 98 Days on market

Built 1977 3,000 sqft lot $144/sqft · 36% above area Est $153k · 34% over

---

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 +26.0/30.0
• DSCR +8.7/10.0
• 1% rule +6.9/10.0
• Livability +3.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This manufactured home is down the street from LLUMC / VA Hospital, Hospitality Lane and 215/10 Freeways. This is a well taken care of park and this home has 3 bedrooms and 2 full bathrooms. The kitchen is fully upgraded with quartz counter tops, new cabinets and appliances. All upgraded beautiful HDF hardwood flooring. There is a nice sized dining area. Along with a living room that overlooks the kitchen. There is also a family room. All 3 bedrooms are well sized rooms. The 2 bathrooms are full bathrooms. Plus and individual indoor laundry room. The front porch is nice and roomy. This home maybe the only one with a raised backyard patio with privacy. The large carport can fit 2-3 vehicles. It has great curb appeal. This is a must see unit. The furniture is negotiable as well.

Key facts

• New cabinets
• New appliances
• Quartz counter tops

Tags

• FULLY UPGRADED KITCHEN
• QUARTZ COUNTER TOPS
• NEW CABINETS
• NEW APPLIANCES
• HDF HARDWOOD FLOORING
• NICE SIZED DINING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $205k.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $187k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 2.7% in Loma Linda — 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 66/100 on livability (#335 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+; Watch: employment C-, health & safety C-, amenities D-.
• Colton Joint Unified (suburban): math 16% / reading 38% proficiency, ranked #373 of 517 in CA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.7%/yr); 53 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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).
• This rent runs 35% of the median local income ($84k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,550 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.63%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (median comp): $152,707
• List price: $205,000
• Delta: 34.24%
• Verdict: OVERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24414 University Ave #53	0.15mi	3/2.0	1,440 (+1%)	0mo	$169,000	$117	91
24414 University Ave #123	0.14mi	3/2.0	1,440 (+1%)	3mo	$124,000	$86	89
24414 University Ave #150	0.00mi	3/2.0	1,296 (-9%)	4mo	$220,000	$170	82
24414 University Ave #104	0.00mi	2/2.0 (-1)	1,344 (-6%)	10mo	$155,000	$115	78
24414 University Ave #145	0.14mi	2/2.0 (-1)	1,344 (-6%)	5mo	$115,000	$86	75
24414 University Ave #46	0.14mi	3/2.0	1,344 (-6%)	13mo	$165,000	$123	73
24414 University Ave #13	0.00mi	3/2.0	1,584 (+11%)	11mo	$176,900	$112	72
24414-12 University Ave #12	0.14mi	2/2.0 (-1)	1,344 (-6%)	12mo	$140,000	$104	69
24414 University Ave #142	0.15mi	2/2.0 (-1)	1,560 (+10%)	7mo	$150,000	$96	66

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 · 2.74% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,440
• Equity at exit: $30,566

10-year hold

• IRR: 8.8%
• Equity multiple: 1.66×
• Total profit: $37,992
• Equity at exit: $17,725

Cash invested: $57,400 (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 92354

• Rents YoY: 2.7%
• Active inventory: 53
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,437 high
• Mortgage (P&I): −$1,075
• Tax est. 1.5%: −$256 /mo · $3,075/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$512
• Net cashflow: $508

Break-even live

Break-even rent $1,793

Max offer price $205,000

Occupancy floor 74%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24458 University Ave Loma Linda, CA	2.0	1.0	1035	$2,500	$2.42	15d	1	0.13mi
10979 Rincon St Loma Linda, CA	2.0	1.0	1000	$1,750	$1.75	43d	1	0.16mi
10932 Rincon St Unit 10934 Loma Linda, CA	2.0	1.0	900	$1,850	$2.06	15d	1	0.16mi
24570 Stewart St Loma Linda, CA	2.0	2.0	935	$1,972	$2.11	43d	1	0.21mi
11171 Oakwood Dr Loma Linda, CA	1.0–2.0	1.0–2.0	801	$2,330	$2.91	16d	14	0.27mi
11286 San Mateo Dr Loma Linda, CA	3.0	1.0	1100	$2,800	$2.55	1d	1	0.39mi
11444 Campus St Unit A Loma Linda, CA	2.0	2.0	1000	$3,000	$3.00	1d	1	0.67mi
116 N Plymouth Way San Bernardino, CA	3.0	2.5	1459	$3,100	$2.12	43d	1	0.85mi
11170 Richmont Rd Loma Linda, CA	2.0	1.0	900	$1,995	$2.22	43d	1	0.92mi
10670 Ohio St Unit A Loma Linda, CA	2.0	1.0	900	$1,900	$2.11	24d	1	0.98mi
1333 Reche Canyon Rd Colton, CA	1.0–2.0	1.0–2.0	935	$2,064	$2.21	2d	10	1.00mi
25181 Starr St Unit 181 Loma Linda, CA	2.0	1.0	1300	$1,975	$1.52	18d	1	1.01mi
25193 Starr St Loma Linda, CA	2.0	1.0	900	$2,095	$2.33	43d	1	1.03mi
25145 Daisy Ave Loma Linda, CA	4.0	2.0	1621	$3,600	$2.22	11d	1	1.04mi
2255 Cahuilla St Colton, CA	1.0–2.0	1.0–2.0	982	$2,195	$2.24	24d	3	1.09mi
2255 Cahuilla St Colton, CA	1.0–2.0	1.0–2.0	989	$2,350	$2.38	2d	3	1.09mi
2255 Cahuilla St Colton, CA	1.0–2.0	1.0–2.0	978	$2,095	$2.14	5d	4	1.09mi
10623 Poplar St Unit 3 Loma Linda, CA	2.0	1.0	950	$2,000	$2.11	24d	1	1.12mi
1170 Mohave Dr Colton, CA	2.0	2.0	1472	$2,295	$1.56	24d	1	1.12mi
2270 Cahuilla St Colton, CA	1.0–2.0	1.0–2.0	820	$2,095	$2.55	3d	9	1.13mi
62 Willa St Loma Linda, CA	3.0	2.0	1300	$2,500	$1.92	1d	1	1.18mi
1189 Mohave Dr Colton, CA	2.0	2.0	1272	$2,500	$1.97	43d	1	1.22mi
1314 E Laurelwood Dr San Bernardino, CA	4.0	2.0	1150	$2,800	$2.43	1d	1	1.23mi
10740 Coloma St Loma Linda, CA	3.0	2.0	1332	$3,100	$2.33	18d	1	1.29mi
1140 Valley Spring Ln Colton, CA	3.0	2.0	1500	$3,100	$2.07	24d	1	1.31mi
1446 E Laurelwood Dr San Bernardino, CA	3.0	2.5	1820	$3,450	$1.90	1d	1	1.32mi
1423 Willow Tree Ln San Bernardino, CA	3.0	2.0	1101	$2,495	$2.27	43d	1	1.33mi
10540 Coloma St Loma Linda, CA	2.0	3.0	1197	$2,500	$2.09	43d	1	1.38mi
25590 Prospect Ave Loma Linda, CA	2.0–3.0	2.5	1125	$2,850	$2.53	1d	11	1.41mi

Listing history 18 events

1. 2026-06-18
   days on market $205,000 Active 98 DOM
2. 2026-06-17
   days on market $205,000 Active 97 DOM
3. 2026-06-16
   days on market $205,000 Active 96 DOM
4. 2026-06-15
   days on market $205,000 Active 95 DOM
5. 2026-06-13
   days on market $205,000 Active 93 DOM
6. 2026-06-13
   days on market $205,000 Active 92 DOM
7. 2026-06-09
   days on market $205,000 Active 89 DOM
8. 2026-06-08
   days on market $205,000 Active 88 DOM
9. 2026-06-07
   days on market $205,000 Active 87 DOM
10. 2026-06-04
    days on market $205,000 Active 84 DOM
11. 2026-06-03
    days on market $205,000 Active 83 DOM
12. 2026-06-02
    days on market $205,000 Active 82 DOM
13. 2026-06-01
    days on market $205,000 Active 81 DOM
14. 2026-05-31
    days on market $205,000 Active 80 DOM
15. 2026-03-12
    listed $205,000 Active 787-char remark

    Show marketing remark (787 chars)

    This manufactured home is down the street from LLUMC / VA Hospital, Hospitality Lane and 215/10 Freeways. This is a well taken care of park and this home has 3 bedrooms and 2 full bathrooms. The kitchen is fully upgraded with quartz counter tops, new cabinets and appliances. All upgraded beautiful HDF hardwood flooring. There is a nice sized dining area. Along with a living room that overlooks the kitchen. There is also a family room. All 3 bedrooms are well sized rooms. The 2 bathrooms are full bathrooms. Plus and individual indoor laundry room. The front porch is nice and roomy. This home maybe the only one with a raised backyard patio with privacy. The large carport can fit 2-3 vehicles. It has great curb appeal. This is a must see unit. The furniture is negotiable as well.

16. 2026-02-07
    historical
17. 2025-08-15
    listed $195,000 Active
18. 2025-08-15
    historical

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥101°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 25 unhealthy d/yr today · 31 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,242
• − Mortgage interest: −$11,483
• − Property taxes: −$3,075
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,339
• − Management: −$2,339
• − Depreciation: −$5,964
• Taxable income: $3,016
• Est. tax owed @ 24.0%: −$724
• After-tax cash flow: $5,376/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: Colton Joint Unified
• NCES district ID: 0609390
• Math proficiency: 16% ▼ -9.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $51,178
• Composite: 23.74/100
• National rank: #7820
• State rank: #373 of 517 in CA

Livability — Loma Linda

• Score: 66/100
• State rank: #335
• US rank: #11546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loma Linda, CA
• County: San Bernardino County · 2,030,291 people
• City population: 22,051
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 22,051
• Household income: $83,847
• Rent vs Own: 59.9% rent · 40.1% own
• Severe rent burden: 1375.0

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: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: White 31% Hispanic / Latino 28% Asian 27% Two or more races 12% Black 10% Native American 1%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Lithuanian 2% Iranian 1% Italian 1%
• Foreign-born: 28% · Canada, South Korea, China
• Languages at home: 55% English-only · Spanish 18% Other Asian/Pacific 8% Tagalog/Filipino 5%

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: ▼ -395.36%
• Current HPI: 362.4305
• Rent YoY: ▲ 2.74%
• 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

+5.1% since first listed

4 events — show timeline

• 2026-03-12 Listed $205,000 CRMLS
• 2026-02-07 Listing Removed — CRMLS
• 2025-08-15 Listed $195,000 CRMLS
• 2025-08-15 Coming Soon — CRMLS

Property tax history

-4.9%/yr

Latest (2025): $141 · -54.0% YoY. Source: county tax records.