3015 E Bayshore Rd #316 · Redwood City, CA 94063

$259,000

3 bd · 2.0 ba · 960 sqft · Manufactured public records · 148 Days on market

Built 1993 Est $270k · at est. ↓ 6% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.3/15.0
• 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

Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting. Breakfast bar and eat-in kitchen area. Inside the laundry area. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, no pets' restrictions, a very nice clubhouse with a swimming pool and a car wash accessible to all units. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

Key facts

• Laundry area
• Front porch
• Eat-in kitchen

Tags

• COZY FIREPLACE
• BREAKFAST BAR
• EAT-IN KITCHEN
• LAUNDRY AREA
• NEW STAIRS
• FRONT PORCH

Property features AI

Finance

• Other: Age restrictions: none; Pets allowed: cats and dogs; Directions: From Marsh Rd to Haven Ave to E Bayshore Rd
• HOA & community: Community pool; Clubhouse; Billiard room; Car wash area

Exterior

• Parking: Designated parking area, space #316 (space rent $1,800)
• Utilities: Public water; Public sewer; Other utilities (see remarks)
• Home design: Single-story property
• Exterior features: Composition roof; Leased land (park home site)

Interior

• Kitchen: Countertops (other); Garbage disposal; Oven range (gas); Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Vinyl/linoleum flooring
• Bathrooms: 2 full bathrooms; Shower and tub; Stall shower
• Heating & cooling: Central forced air heating (gas); Evaporative cooler
• Interior features: Dining room in an L-shape; Countertops (other); Garbage disposal; Oven range (gas); Refrigerator; Wood-burning fireplace
• Laundry & utility: Laundry hookups only

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $259k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $259k).
• Recommended offer: $228k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% 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; 10 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).
• At $4,666/mo this rent would consume 48% of the median local household income ($117k/yr) (locally 1812% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 $73k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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.

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 $227,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 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: 1.80% ✓
• Cap rate: 15.08%
• Cash-on-cash: 31.37%
• DSCR: 2.40
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $269,760
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3015 E Bayshore Rd #353	0.03mi	2/2.0 (-1)	960 (0%)	12mo	$269,900	$281	84
3015 E Bayshore Rd #206	0.25mi	3/2.0	1,000 (+4%)	12mo	$285,000	$285	72
3015 E Bayshore Rd #211	0.26mi	3/2.0	983 (+2%)	15mo	$275,000	$280	72
3015 E Bayshore Rd #129	0.12mi	3/2.0	1,040 (+8%)	12mo	$270,000	$260	70
2053 E Bayshore Rd #27	0.14mi	2/2.0 (-1)	1,000 (+4%)	17mo	$265,000	$265	68
3015 E Bayshore Rd #191	0.12mi	3/2.0	1,060 (+10%)	13mo	$289,000	$273	66
3015 E Bayshore Rd #333	0.08mi	3/2.0	1,040 (+8%)	23mo	$390,000	$375	63
3015 E Bayshore Rd #436	0.12mi	3/2.0	1,040 (+8%)	21mo	$315,000	$303	63
3015 E Bayshore Rd #143	0.20mi	3/2.0	1,080 (+12%)	16mo	$274,000	$254	57
2053 East Bayshore Rd #29	0.24mi	3/2.0	1,096 (+14%)	14mo	$310,000	$283	54

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: 20.1%
• Equity multiple: 1.84×
• Total profit: $61,144
• Equity at exit: $38,618

10-year hold

• IRR: 29.8%
• Equity multiple: 3.96×
• Total profit: $214,315
• Equity at exit: $22,394

Cash invested: $72,520 (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: 4.6×

Monthly cashflow live

• Estimated rent: $4,666 high
• Mortgage (P&I): −$1,358
• Tax est. 1.5%: −$324 /mo · $3,885/yr
• Insurance: −$108
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$980
• Net cashflow: $1,470

Break-even live

Break-even rent $2,806

Max offer price $259,000

Occupancy floor 64%

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 10 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	1d	1	0.58mi
3639 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	949	$5,867	$6.18	1d	12	0.76mi
657 Hurlingame Ave Redwood City, CA	3.0	1.0	775	$4,500	$5.81	1d	1	0.76mi
3645 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	893	$4,719	$5.28	1d	3	0.84mi
110 Constitution Dr Menlo Park, CA	2.0	1.0–2.0	807	$5,430	$6.72	1d	20	1.10mi
900 Chestnut St Redwood City, CA	3.0	1.0–2.0	748	$3,711	$4.96	1d	14	1.15mi
1405 Marshall St Redwood City, CA	1.0–2.0	1.0–2.0	915	$3,395	$3.71	1d	6	1.21mi
531 Cedar St Unit 537 Redwood City, CA	2.0	1.0	750	$3,550	$4.73	1d	1	1.35mi
172 Constitution Dr Menlo Park, CA	3.0	1.0–2.0	946	$6,976	$7.37	1d	26	1.39mi
2580 El Camino Real Redwood City, CA	1.0–2.0	1.0–2.0	805	$5,856	$7.27	1d	1	1.48mi

Listing history 26 events

1. 2026-06-18
   days on market $259,000 Active 148 DOM
2. 2026-06-17
   days on market $259,000 Active 147 DOM
3. 2026-06-16
   days on market $259,000 Active 146 DOM
4. 2026-06-15
   days on market $259,000 Active 145 DOM
5. 2026-06-13
   days on market $259,000 Active 143 DOM
6. 2026-06-13
   days on market $259,000 Active 142 DOM
7. 2026-06-09
   days on market $259,000 Active 139 DOM
8. 2026-06-08
   days on market $259,000 Active 138 DOM
9. 2026-06-07
   days on market $259,000 Active 137 DOM
10. 2026-06-04
    days on market $259,000 Active 134 DOM
11. 2026-06-03
    days on market $259,000 Active 133 DOM
12. 2026-06-02
    days on market $259,000 Active 132 DOM
13. 2026-06-01
    days on market $259,000 Active 131 DOM
14. 2026-05-31
    days on market $259,000 Active 130 DOM
15. 2026-04-13
    price $259,000 785-char remark

    Show marketing remark (785 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting. Breakfast bar and eat-in kitchen area. Inside the laundry area. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, no pets' restrictions, a very nice clubhouse with a swimming pool and a car wash accessible to all units. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

16. 2026-04-13
    price $259,000 785-char remark

    Show marketing remark (785 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting. Breakfast bar and eat-in kitchen area. Inside the laundry area. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, no pets' restrictions, a very nice clubhouse with a swimming pool and a car wash accessible to all units. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

17. 2026-01-21
    listed $270,000 Active 785-char remark

    Show marketing remark (785 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting. Breakfast bar and eat-in kitchen area. Inside the laundry area. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, no pets' restrictions, a very nice clubhouse with a swimming pool and a car wash accessible to all units. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

18. 2026-01-21
    listed $270,000 Active 785-char remark

    Show marketing remark (785 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting. Breakfast bar and eat-in kitchen area. Inside the laundry area. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, no pets' restrictions, a very nice clubhouse with a swimming pool and a car wash accessible to all units. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

19. 2019-10-04
    soldstatus $240,000 Sold 779-char remark

    Show marketing remark (779 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting, tastefully remodeled upgrades throughout the house. Breakfast bar and eat-in kitchen area. Inside laundry area as well. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, a very nice clubhouse with a swimming pool. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

20. 2019-08-15
    status Pending (Do Not Show) 779-char remark

    Show marketing remark (779 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting, tastefully remodeled upgrades throughout the house. Breakfast bar and eat-in kitchen area. Inside laundry area as well. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, a very nice clubhouse with a swimming pool. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

21. 2019-06-07
    listed $269,000 Active 779-char remark

    Show marketing remark (779 chars)

    Welcome to this lovely and well-maintained 3-bedroom, 2-bathroom home in Redwood City community of Harbor Village. Spacious mobile home featuring a living room with a cozy fireplace with plenty of natural lighting, tastefully remodeled upgrades throughout the house. Breakfast bar and eat-in kitchen area. Inside laundry area as well. New stairs, front porch, double pane windows, nice outdoor BBQ area. Near visitor parking. Harbor Village is an excellent community with no age restrictions, a very nice clubhouse with a swimming pool. Convenient location to Dumbarton Bridge, near shopping centers, restaurants, and has easy freeway access to Hwy 84 and 101. Short commute to Silicon Valley or San Francisco Airport. Own it instead of renting! You will love this charming home!

22. 2018-11-16
    soldstatus $270,000 Sold
23. 2018-11-01
    status Pending (Do Not Show)
24. 2018-09-06
    status Active
25. 2018-08-01
    historical Contingent
26. 2018-07-15
    listed $275,000 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 6/10 Major FEMA zone AE · 93% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 15 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: $55,989
• − Mortgage interest: −$14,508
• − Property taxes: −$3,885
• − Insurance: −$6,414
• − Repairs & maintenance: −$4,479
• − Management: −$4,479
• − Depreciation: −$7,535
• Taxable income: $14,690
• Est. tax owed @ 24.0%: −$3,526
• After-tax cash flow: $14,109/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

• Census place: Redwood City, CA
• 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

-5.8% since first listed

12 events — show timeline

• 2026-04-13 Price Changed $259,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-04-13 Price Changed $259,000 MLSListings
• 2026-01-21 Listed $270,000 MLSListings
• 2026-01-21 Listed $270,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2019-10-04 Sold (MLS) $240,000 MLSListings
• 2019-08-15 Pending — MLSListings
• 2019-06-07 Listed $269,000 MLSListings
• 2018-11-16 Sold (MLS) $270,000 MLSListings
• 2018-11-01 Pending — MLSListings
• 2018-09-06 Relisted — MLSListings
• 2018-08-01 Contingent — MLSListings
• 2018-07-15 Listed $275,000 MLSListings

Property tax history

+3.7%/yr

Latest (2024): $282 · +14.0% YoY. Source: county tax records.