10320 Calimesa #59 · Calimesa, CA 92320

$178,000

2 bd · 1.0 ba · 1,056 sqft · Manufactured public records · 112 Days on market

Built 2015 $169/sqft · 52% above area ↓ 2% since listing

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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 +28.3/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +4.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautiful, like-new mobile home located in the quiet and peaceful 55+ community of Rancho Calimesa, a true hidden gem with stunning mountain views and a serene lifestyle. This light and bright 1,056 sq. ft. home features 3 bedrooms and 2 bathrooms with a desirable open-concept floor plan that feels spacious and inviting. The primary suite offers a walk-in shower and a generous walk-in closet, providing both comfort and convenience. You’ll love the elegant crown molding, beautiful double-pane windows that fill the home with natural light, and added security doors and screens for peace of mind. Unique dual-sided steps allow easy access up and down from both sides of the home. Step outside to admire the beautiful rock landscaping, designed for low maintenance and lovely curb appeal. Ideally situated close to the clubhouse and pool, this home combines comfort, style, and convenience in a peaceful, friendly community. Come enjoy the quiet surroundings, scenic mountain views, and relaxed lifestyle this exceptional home has to offer!

Key facts

• Walk-in closet
• Walk-in shower
• Crown molding

Tags

• MOUNTAIN VIEWS
• OPEN-CONCEPT FLOOR PLAN
• WALK-IN SHOWER
• WALK-IN CLOSET
• CROWN MOLDING
• DOUBLE-PANE WINDOWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $178k.

Deal economics

• At list price, monthly cash flow is $573 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $178k).
• Recommended offer: $162k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 6.7% in Calimesa — 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 55/100 on livability (#865 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A-, employment B; Watch: health & safety D+, schools D, amenities F.
• Beaumont Unified (suburban): math 32% / reading 60% proficiency, ranked #168 of 517 in CA (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 67 active listings in the ZIP; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($162k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe 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 $161,980 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.17% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.80%
• DSCR: 1.61
• GRM: 7.1

CMA / ARV

• ARV (median comp): $116,869
• List price: $178,000
• Delta: 52.31%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10320 Calimesa #75	0.02mi	2/2.0	960 (-9%)	2mo	$83,000	$86	78
10320-217 Calimesa	0.28mi	2/2.0	1,152 (+9%)	6mo	$153,000	$133	63
9650 Sharondale Rd	0.60mi	2/2.0	1,080 (+2%)	23mo	$250,000	$231	45
9420 Terra Linda Way	0.75mi	2/2.0	1,152 (+9%)	21mo	$300,000	$260	29

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.9%
• Equity multiple: 1.15×
• Total profit: $7,586
• Equity at exit: $26,540

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $53,329
• Equity at exit: $15,390

Cash invested: $49,840 (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 92320

• Home prices YoY: -22.2%
• Active inventory: 67
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,080 medium
• Mortgage (P&I): −$933
• Tax from tax record: −$62 /mo · $747/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $573

Break-even live

Break-even rent $1,354

Max offer price $178,000

Occupancy floor 67%

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: $44,500
• Closing costs: $5,340
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $178,000 Active 112 DOM
2. 2026-06-17
   days on market $178,000 Active 111 DOM
3. 2026-06-16
   days on market $178,000 Active 110 DOM
4. 2026-06-15
   days on market $178,000 Active 109 DOM
5. 2026-06-13
   days on market $178,000 Active 107 DOM
6. 2026-06-13
   days on market $178,000 Active 106 DOM
7. 2026-06-09
   days on market $178,000 Active 103 DOM
8. 2026-06-08
   days on market $178,000 Active 102 DOM
9. 2026-06-07
   days on market $178,000 Active 101 DOM
10. 2026-06-04
    days on market $178,000 Active 98 DOM
11. 2026-06-03
    days on market $178,000 Active 97 DOM
12. 2026-06-02
    days on market $178,000 Active 96 DOM
13. 2026-06-01
    days on market $178,000 Active 95 DOM
14. 2026-05-31
    days on market $178,000 Active 94 DOM
15. 2026-04-19
    price $178,000 1069-char remark

    Show marketing remark (1069 chars)

    Welcome home to this beautiful, like-new mobile home located in the quiet and peaceful 55+ community of Rancho Calimesa, a true hidden gem with stunning mountain views and a serene lifestyle. This light and bright 1,056 sq. ft. home features 3 bedrooms and 2 bathrooms with a desirable open-concept floor plan that feels spacious and inviting. The primary suite offers a walk-in shower and a generous walk-in closet, providing both comfort and convenience. You’ll love the elegant crown molding, beautiful double-pane windows that fill the home with natural light, and added security doors and screens for peace of mind. Unique dual-sided steps allow easy access up and down from both sides of the home. Step outside to admire the beautiful rock landscaping, designed for low maintenance and lovely curb appeal. Ideally situated close to the clubhouse and pool, this home combines comfort, style, and convenience in a peaceful, friendly community. Come enjoy the quiet surroundings, scenic mountain views, and relaxed lifestyle this exceptional home has to offer!

16. 2026-02-26
    listed $182,000 Active 1069-char remark

    Show marketing remark (1069 chars)

    Welcome home to this beautiful, like-new mobile home located in the quiet and peaceful 55+ community of Rancho Calimesa, a true hidden gem with stunning mountain views and a serene lifestyle. This light and bright 1,056 sq. ft. home features 3 bedrooms and 2 bathrooms with a desirable open-concept floor plan that feels spacious and inviting. The primary suite offers a walk-in shower and a generous walk-in closet, providing both comfort and convenience. You’ll love the elegant crown molding, beautiful double-pane windows that fill the home with natural light, and added security doors and screens for peace of mind. Unique dual-sided steps allow easy access up and down from both sides of the home. Step outside to admire the beautiful rock landscaping, designed for low maintenance and lovely curb appeal. Ideally situated close to the clubhouse and pool, this home combines comfort, style, and convenience in a peaceful, friendly community. Come enjoy the quiet surroundings, scenic mountain views, and relaxed lifestyle this exceptional home has to offer!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $747 · $62/mo
• Projected year-2 tax: $1,353 · $113/mo
• Expected delta: +$606/yr (+$50/mo · 81.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 34 unhealthy d/yr today · 40 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,956
• − Mortgage interest: −$9,971
• − Property taxes: −$747
• − Insurance: −$890
• − Repairs & maintenance: −$1,996
• − Management: −$1,996
• − Depreciation: −$5,178
• Taxable income: $4,177
• Est. tax owed @ 24.0%: −$1,002
• After-tax cash flow: $5,874/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: Beaumont Unified
• NCES district ID: 0604290
• Math proficiency: 32% ▼ -4.00%
• Reading proficiency: 60% ▲ 11.00%
• Median HH income: $60,635
• Composite: 40.37/100
• National rank: #3736
• State rank: #168 of 517 in CA

Livability — Calimesa

• Score: 55/100
• State rank: #865
• US rank: #23579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calimesa, CA
• City population: 10,680
• Population (ZIP): 10,680

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 57% Hispanic / Latino 31% Two or more races 12% Asian 3% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 85% English-only · Spanish 12% Tagalog/Filipino 2%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.13%
• Current HPI: 364.3627
• Rent YoY: —
• Metro: —
• 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

-2.2% since first listed

2 events — show timeline

• 2026-04-19 Price Changed $178,000 CRMLS
• 2026-02-26 Listed $182,000 CRMLS

Property tax history

+1.4%/yr

Latest (2025): $747 · +2.0% YoY. Source: county tax records.