3499 E Bayshore Rd #13 · Redwood City, CA 94063

$219,000

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 266 Days on market

Built 1980 Est $237k · 8% 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 +10.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.8/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

Key facts

• Renovated bathroom
• Newer appliances
• Natural light

Tags

• UPDATED KITCHEN
• NEWER APPLIANCES
• RENOVATED BATHROOM
• CONTEMPORARY FIXTURES
• NATURAL LIGHT
• COZY LAYOUT

Property features AI

Finance

• HOA & community: Clubhouse; Playground

Exterior

• Parking: Carport (1 space); Assigned space #13; Space rent $1,650
• Utilities: Public utilities; Sewer connected; Individual water meter
• Home design: Leased land (park home site)
• Exterior features: Shingle roof

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate floors; Tile floors
• Bathrooms: 1 full bathroom with shower and tub; Tile bathroom surfaces
• Heating & cooling: Central forced air heating and cooling
• Interior features: Storage; Dining area open to living room; Washer and dryer included
• Laundry & utility: Washer and dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $219k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $219k).
• Recommended offer: $193k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 1.3% in Redwood City — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Sequoia Union High (suburban): math 52% / reading 69% proficiency, ranked #159 of 1,400 in CA (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.9%/yr); 29 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,019 units permitted in San Mateo County in 2024 (484 in 5+ unit buildings).
• This rent runs 43% of the median local income ($117k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• San Mateo County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $61k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 266 days — a 12% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $81k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; list at $219k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $192,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.90% ✓
• Cap rate: 16.01%
• Cash-on-cash: 34.70%
• DSCR: 2.54
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $236,768
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3499 E BAYSHORE Rd #112	0.03mi	2/2.0	728 (-7%)	3mo	$220,000	$302	80
3015 E Bayshore Rd #337	0.13mi	2/1.0	728 (-7%)	23mo	$210,000	$288	62

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 22.7%
• Equity multiple: 1.96×
• Total profit: $58,782
• Equity at exit: $32,654

10-year hold

• IRR: 32.1%
• Equity multiple: 4.23×
• Total profit: $197,883
• Equity at exit: $18,935

Cash invested: $61,320 (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 94063

• Rents YoY: 4.9%
• Active inventory: 29
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $4,160 high
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$874
• Net cashflow: $1,346

Break-even live

Break-even rent $2,456

Max offer price $219,000

Occupancy floor 63%

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3566 Rolison Rd Unit 07 Redwood City, CA	2.0	1.0	800	$2,900	$3.62	2d	1	0.23mi
3639 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	949	$5,867	$6.18	2d	12	0.37mi
3645 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	893	$4,719	$5.28	2d	3	0.46mi
110 Constitution Dr Menlo Park, CA	2.0	1.0–2.0	807	$5,430	$6.72	2d	20	0.72mi
172 Constitution Dr Menlo Park, CA	3.0	1.0–2.0	946	$5,804	$6.14	2d	26	1.01mi
657 Hurlingame Ave Redwood City, CA	3.0	1.0	775	$4,500	$5.81	2d	1	1.10mi
348 Fourth Ave Apt 17 Redwood City, CA	1.0	1.0	550	$1,950	$3.55	8d	1	1.32mi

Listing history 36 events

1. 2026-06-18
   days on market $219,000 Active 266 DOM
2. 2026-06-17
   days on market $219,000 Active 265 DOM
3. 2026-06-16
   days on market $219,000 Active 264 DOM
4. 2026-06-15
   days on market $219,000 Active 263 DOM
5. 2026-06-13
   days on market $219,000 Active 261 DOM
6. 2026-06-13
   days on market $219,000 Active 260 DOM
7. 2026-06-09
   days on market $219,000 Active 257 DOM
8. 2026-06-08
   days on market $219,000 Active 256 DOM
9. 2026-06-07
   days on market $219,000 Active 255 DOM
10. 2026-06-04
    days on market $219,000 Active 252 DOM
11. 2026-06-03
    days on market $219,000 Active 251 DOM
12. 2026-06-02
    days on market $219,000 Active 250 DOM
13. 2026-06-01
    days on market $219,000 Active 249 DOM
14. 2026-05-31
    days on market $219,000 Active 248 DOM
15. 2026-04-02
    price $219,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

16. 2026-04-02
    price $219,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

17. 2026-02-15
    price $249,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

18. 2026-02-15
    price $249,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

19. 2025-12-29
    status Active 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

20. 2025-12-29
    status Active 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

21. 2025-12-04
    status Pending 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

22. 2025-12-04
    historical Contingent 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

23. 2025-10-29
    price $275,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

24. 2025-10-29
    price $275,000 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

25. 2025-09-25
    listed $299,888 Active 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

26. 2025-09-25
    listed $299,888 Active 513-char remark

    Show marketing remark (513 chars)

    Charming and move-in ready, this 2-bedroom, 1-bath mobile home in Redwood City offers modern comfort in a convenient location. The home features a beautifully updated kitchen with sleek countertops and newer appliances, perfect for cooking and entertaining. The renovated bathroom includes contemporary fixtures and finishes for a fresh, clean feel. With plenty of natural light and a cozy layout, this home is an ideal opportunity for first-time buyers or those looking to downsize without compromising on style.

27. 2018-01-26
    soldstatus $125,000 Sold 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

28. 2017-12-16
    status Pending (Do Not Show) 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

29. 2017-10-04
    price $139,999 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

30. 2017-10-04
    status Active 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

31. 2017-09-12
    status Pending (Do Not Show) 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

32. 2017-08-31
    price $159,999 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

33. 2017-08-04
    listed $169,000 Active 233-char remark

    Show marketing remark (233 chars)

    Large 2 bedroom 1 bath mobile home with a bonus room from converted living room. This is an awesome buy for a reasonable price. Features - new paint inside, and out, new bathroom tile, new kitchen countertops, and many more features.

34. 2002-01-24
    historical
35. 2001-12-26
    soldstatus $57,000
36. 2001-07-25
    listed $57,000

ⓘ 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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 16 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,920
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$6,214
• − Repairs & maintenance: −$3,994
• − Management: −$3,994
• − Depreciation: −$6,371
• Taxable income: $13,796
• Est. tax owed @ 24.0%: −$3,311
• After-tax cash flow: $12,846/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: Sequoia Union High
• NCES district ID: 0636390
• Math proficiency: 52% ▲ 5.00%
• Reading proficiency: 69% ▲ 7.00%
• Median HH income: $106,953
• Composite: 58.48/100
• National rank: #2055
• State rank: #159 of 1400 in CA

Livability — Redwood City

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: San Mateo County · 733,415 people
• City population: 83,154
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 34,433
• Household income: $116,760
• Rent vs Own: 68.7% rent · 31.3% own
• Severe rent burden: 1812.0

Population outlook (San Mateo County) Hauer SSP2

• Today (2025): 864,008 people
• By 2030: 910,523 · +5.4%
• By 2040: 997,285 · +15.4%
• By 2050: 1,071,189 · +24.0%
• By 2075: 1,197,206 · +38.6%
• By 2100: 1,192,523 · +38.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (64%)
• Race & ethnicity: Hispanic / Latino 64% Two or more races 22% White 19% Asian 11% Native American 3% Black 2% Pacific Islander 1%
• Hispanic origin (detail): Mexican 49% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Scotch-Irish 1% Italian 1%
• Foreign-born: 41% · Canada, China, South Korea
• Languages at home: 37% English-only · Spanish 52% Chinese 3% Other Asian/Pacific 2%

Political lean MEDSL · San Mateo

• 2024 margin: Solid D (+50.3) · D 73.5% · R 23.2% · Other 3.3%
• 2008→2024 swing: +1.6pp toward D · 2008: 48.7pp · 2024: 50.3pp
• All cycles: 2024: D+50.3 2020: D+57.7 2016: D+57.7 2012: D+44.8 2008: D+48.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1489.51%
• Current HPI: 366.9986
• Rent YoY: ▲ 4.92%
• 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

+284.2% since first listed

22 events — show timeline

• 2026-04-02 Price Changed $219,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-04-02 Price Changed $219,000 MLSListings
• 2026-02-15 Price Changed $249,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-02-15 Price Changed $249,000 MLSListings
• 2025-12-29 Relisted — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-12-29 Relisted — MLSListings
• 2025-12-04 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-12-04 Contingent — MLSListings
• 2025-10-29 Price Changed $275,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-10-29 Price Changed $275,000 MLSListings
• 2025-09-25 Listed $299,888 MLSListings
• 2025-09-25 Listed $299,888 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2018-01-26 Sold (MLS) $125,000 MLSListings
• 2017-12-16 Pending — MLSListings
• 2017-10-04 Price Changed $139,999 MLSListings
• 2017-10-04 Relisted — MLSListings
• 2017-09-12 Pending — MLSListings
• 2017-08-31 Price Changed $159,999 MLSListings
• 2017-08-04 Listed $169,000 MLSListings
• 2002-01-24 Listing Removed — MLSListings
• 2001-12-26 Sold (MLS) $57,000 MLSListings
• 2001-07-25 Listed $57,000 MLSListings

Property tax history

+6.2%/yr

Latest (2014): $228 · +0.1% YoY. Source: county tax records.