3734 Pacific #44 · San Bernardino, CA 92346

$125,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 90 Days on market

Built 1978 $109/sqft · 15% below area Est $146k · 15% 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 +14.1/15.0
• 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

Welcome a 55+ community! Charming 2-bedroom, 2-bath mobile home offering 1,152 sq ft of comfortable living space in Highland. This home features a functional floor plan with a spacious living area, dedicated dining space, and a well-sized kitchen with ample cabinet storage. The primary suite includes a private bath, while the second bedroom and full bath provide flexibility for guests, family, or a home office. Enjoy an inviting layout with plenty of natural light and convenient indoor living. A great opportunity to own an affordable home in an established community close to shopping, dining, and freeway access.

Key facts

• Garage
• Community pool
• Built 1978

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $821 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $118k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.2% vs local median 3.5% in San Bernardino — 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 (#661 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+, housing A; Watch: schools D, employment D, crime F.
• 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); 152 active listings in the ZIP; 27 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).
• This rent runs 30% of the median local income ($85k/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 $864 of loan paydown is wiped out by about $4k 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 $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $77k; list at $125k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 5→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 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 1978 — 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 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?
6. 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?
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: 1.71% ✓
• Cap rate: 14.18%
• Cash-on-cash: 28.15%
• DSCR: 2.25
• GRM: 4.9

CMA / ARV

• ARV (median comp): $146,304
• List price: $125,000
• Delta: -14.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3850 Atlantic Ave #14	0.39mi	2/2.0	1,152 (0%)	15mo	$87,000	$76	69
3850 Atlantic Ave #269	0.39mi	2/2.0	1,152 (0%)	15mo	$110,000	$95	69
3850 Atlantic Ave #81	0.36mi	2/2.0	1,224 (+6%)	10mo	$150,000	$123	65
3850 Atlantic Ave #199	0.39mi	2/2.0	1,248 (+8%)	5mo	$75,000	$60	64
3850 Atlantic Ave #27	0.36mi	2/2.0	1,040 (-10%)	6mo	$122,000	$117	62
3850 Atlantic Ave #144	0.39mi	2/2.0	1,248 (+8%)	8mo	$137,000	$110	61
3850 Atlantic Ave #37	0.36mi	2/2.0	1,248 (+8%)	17mo	$164,000	$131	55
3850 Atlantic Ave Unit 39A	0.39mi	2/2.0	1,248 (+8%)	16mo	$130,000	$104	54
3850 Atlantic Ave #157	0.36mi	2/2.0	1,296 (+12%)	14mo	$105,000	$81	50
3850 Atlantic Ave #197	0.39mi	2/2.0	1,248 (+8%)	23mo	$85,000	$68	48

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: 22.3%
• Equity multiple: 1.91×
• Total profit: $31,883
• Equity at exit: $18,638

10-year hold

• IRR: 30.2%
• Equity multiple: 3.70×
• Total profit: $94,448
• Equity at exit: $10,808

Cash invested: $35,000 (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: 152
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,133 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $821

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 56%

Sensitivity live

Price	-10% $908	-5% $864	+0% $821	+5% $778	+10% $735
Rent	-10% $653	-5% $737	+0% $821	+5% $905	+10% $990
Rate	-1.0pp $884	-0.5pp $853	base $821	+0.5pp $789	+1.0pp $756

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6787 Cole Ave Highland, CA	2.0–3.0	2.0	1005	$2,125	$2.11	0d	1	0.26mi
27205 Main St Highland, CA	1.0	1.0	700	$1,575	$2.25	44d	1	0.32mi
7000 La Praix St Highland, CA	2.0	1.0	865	$2,200	$2.54	0d	1	0.32mi
3511 Rainbow Ln Highland, CA	2.0	1.0	780	$2,050	$2.63	4d	1	0.36mi
3532 Rainbow Ln Highland, CA	2.0	1.0	882	$2,100	$2.38	0d	1	0.37mi
3479 20th St Highland, CA	2.0	1.0	882	$1,995	$2.26	44d	1	0.43mi
3479 20th St Highland, CA	2.0	1.0	882	$1,995	$2.26	0d	1	0.43mi
3495 21st St Unit B Highland, CA	2.0	2.0	1000	$2,000	$2.00	44d	1	0.46mi
3404 20th St #1 Highland, CA	2.0	1.0	780	$2,195	$2.81	3d	1	0.51mi
2265 Bradford Ave Apt 524 Highland, CA	2.0	2.0	810	$1,800	$2.22	25d	1	0.56mi
3317 Highland Ave Highland, CA	3.0	2.0	1250	$2,000	$1.60	25d	1	0.68mi
1991 Central Ave Highland, CA	2.0	3.0	1312	$2,500	$1.91	44d	1	0.69mi
26814 Mansfield St Highland, CA	3.0	1.0	1275	$2,850	$2.24	44d	1	0.78mi
7257 Wakefield Ct Highland, CA	3.0	2.0	1183	$2,395	$2.02	25d	1	0.87mi
7257 Wakefield Ct Highland, CA	3.0	2.0	1183	$2,395	$2.02	0d	1	0.87mi
27531 Temple St Highland, CA	3.0	2.0	1144	$2,650	$2.32	11d	1	0.91mi
7221 Olive St Highland, CA	2.0	1.0	866	$2,150	$2.48	44d	1	0.98mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,827	$2.36	44d	1	0.98mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,677	$2.16	25d	1	0.98mi
6601 Victoria Ave Highland, CA	2.0	2.0	775	$1,677	$2.16	21d	1	0.98mi
28349 Saffron Ave Highland, CA	2.0	1.0	800	$2,500	$3.12	44d	1	1.18mi
7410 San Francisco St Highland, CA	2.0	2.0	864	$2,500	$2.89	25d	1	1.29mi
7410 San Francisco St Highland, CA	2.0	2.0	864	$2,400	$2.78	21d	1	1.29mi
7767 Colwyn Ave Highland, CA	3.0	1.5	1107	$2,500	$2.26	25d	1	1.37mi
26660 9th St Highland, CA	1.0–2.0	1.0–2.0	755	$2,050	$2.72	0d	5	1.38mi
28490 Highland Ave Highland, CA	1.0	1.0	792	$2,200	$2.78	44d	1	1.38mi
7925 Midhurst Dr Highland, CA	3.0	1.5	1326	$2,450	$1.85	0d	1	1.50mi

Listing history 20 events

1. 2026-06-21
   days on market $125,000 Active 90 DOM
2. 2026-06-18
   days on market $125,000 Active 87 DOM
3. 2026-06-17
   days on market $125,000 Active 86 DOM
4. 2026-06-16
   days on market $125,000 Active 85 DOM
5. 2026-06-15
   days on market $125,000 Active 84 DOM
6. 2026-06-13
   days on market $125,000 Active 82 DOM
7. 2026-06-09
   days on market $125,000 Active 78 DOM
8. 2026-06-08
   days on market $125,000 Active 77 DOM
9. 2026-06-07
   days on market $125,000 Active 76 DOM
10. 2026-06-04
    days on market $125,000 Active 73 DOM
11. 2026-06-03
    days on market $125,000 Active 72 DOM
12. 2026-06-02
    days on market $125,000 Active 71 DOM
13. 2026-06-01
    days on market $125,000 Active 70 DOM
14. 2026-05-31
    days on market $125,000 Active 69 DOM
15. 2026-03-23
    listed $125,000 Active 619-char remark

    Show marketing remark (619 chars)

    Welcome a 55+ community! Charming 2-bedroom, 2-bath mobile home offering 1,152 sq ft of comfortable living space in Highland. This home features a functional floor plan with a spacious living area, dedicated dining space, and a well-sized kitchen with ample cabinet storage. The primary suite includes a private bath, while the second bedroom and full bath provide flexibility for guests, family, or a home office. Enjoy an inviting layout with plenty of natural light and convenient indoor living. A great opportunity to own an affordable home in an established community close to shopping, dining, and freeway access.

16. 2024-06-11
    soldstatus $77,000 Closed Sale 327-char remark

    Show marketing remark (327 chars)

    Welcome to 55+ Terra Alta Mobile Home Park. This cute 2 bedroom, 2 Bath Mobile home has a large living area with an open kitchen concept and dinning area. A 2 vehicle carport and 2 sheds for storage. Nice covered patio with access to the gated side and back yard. This community also includes a recreational room, pool and spa.

17. 2024-04-29
    status Pending Sale 327-char remark

    Show marketing remark (327 chars)

    Welcome to 55+ Terra Alta Mobile Home Park. This cute 2 bedroom, 2 Bath Mobile home has a large living area with an open kitchen concept and dinning area. A 2 vehicle carport and 2 sheds for storage. Nice covered patio with access to the gated side and back yard. This community also includes a recreational room, pool and spa.

18. 2024-04-23
    historical

    Show marketing remark (327 chars)

    Welcome to 55+ Terra Alta Mobile Home Park. This cute 2 bedroom, 2 Bath Mobile home has a large living area with an open kitchen concept and dinning area. A 2 vehicle carport and 2 sheds for storage. Nice covered patio with access to the gated side and back yard. This community also includes a recreational room, pool and spa.

19. 2024-04-23
    listed $79,500 Active 327-char remark

    Show marketing remark (327 chars)

    Welcome to 55+ Terra Alta Mobile Home Park. This cute 2 bedroom, 2 Bath Mobile home has a large living area with an open kitchen concept and dinning area. A 2 vehicle carport and 2 sheds for storage. Nice covered patio with access to the gated side and back yard. This community also includes a recreational room, pool and spa.

20. 2024-03-20
    listed $79,500 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 8/10 Severe
• 🌡 Heat 8/10 Severe 5 d/yr ≥101°F today · 13 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: $25,595
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$2,048
• − Management: −$2,048
• − Depreciation: −$3,636
• Taxable income: $8,361
• Est. tax owed @ 24.0%: −$2,007
• After-tax cash flow: $7,847/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 — San Bernardino

• Score: 59/100
• State rank: #661
• US rank: #20479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Bernardino, CA
• County: San Bernardino County · 2,030,291 people
• City population: 255,614
• 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

+57.2% since first listed

6 events — show timeline

• 2026-03-23 Listed $125,000 CRMLS
• 2024-06-11 Sold (MLS) $77,000 CRMLS
• 2024-04-29 Pending — CRMLS
• 2024-04-23 Listing Removed — CRMLS
• 2024-04-23 Listed $79,500 CRMLS
• 2024-03-20 Listed $79,500 CRMLS

Property tax history

-6.8%/yr

Latest (2025): $57 · +150.2% YoY. Source: county tax records.