2345 190th #37 · Redondo Beach, CA 90278

$158,000

2 bd · 1.0 ba · 635 sqft · Manufactured · 65 Days on market

Built 1964 Good condition $249/sqft · 37% above area Est $115k · 37% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.9/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOCATION, LOCATION, LOCATION !!! This is a great Mobile Home located in the Cresta Mobile Home Senior Park. This home has just been Remodeled! Interior painted, new can lights, Newer Vinyl Plank Flooring and MORE. The Remodeled kitchen features New Quartz Countertops, a Stainless Steel Farmhouse Sink, a New Dishwasher, a New Stove, and many cabinets for storage. The home has several nice windows that allow for wonderful natural sunlight. The Living room has a Pop Out area that makes the home feel like a Doublewide. The Bedroom has 3 nice large closets and Built-in drawers. Outside there is plenty of space, a wonderful back porch that allows for wonderful outdoor living. There is also a nice storage shed. The Exterior Paint Color can possibly be chosen by the New Buyer (with manager's color Approval) The driveway is spacious and will accommodate two cars and the Home is Located less than 2 miles from the Beach!!! Welcome Home!

Key facts

• Quartz countertops
• New stove
• Pop out area

Tags

• REMODELED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL FARMHOUSE SINK
• NEW DISHWASHER
• NEW STOVE
• POP OUT AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $158k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $968 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $158k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 1.9% in Redondo Beach — 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 79/100 on livability (#58 in CA, #2,124 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, employment A+; Watch: health & safety C-, cost of living F.
• Redondo Beach Unified (suburban): math 72% / reading 78% proficiency, ranked #63 of 1,400 in CA (top 4%) — strong family-tenant draw, lease renewals of 3-5y typical; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.8%/yr); 81 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 19,697 units permitted in Los Angeles County in 2024 (9,426 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.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $44k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $148,520 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 1964 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 1.65% ✓
• Cap rate: 13.64%
• Cash-on-cash: 26.25%
• DSCR: 2.17
• GRM: 5.0

CMA / ARV

• ARV (median comp): $115,280
• List price: $158,000
• Delta: 37.06%
• Verdict: OVERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2345 190th St #61	0.00mi	2/1.0	640 (+1%)	10mo	$189,000	$295	91

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 · 4.79% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 1.92×
• Total profit: $40,861
• Equity at exit: $23,558

10-year hold

• IRR: 31.2%
• Equity multiple: 4.06×
• Total profit: $135,463
• Equity at exit: $13,661

Cash invested: $44,240 (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 90278

• Rents YoY: 4.8%
• Active inventory: 81
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,607 high
• Mortgage (P&I): −$829
• Tax est. 1.5%: −$198 /mo · $2,370/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$548
• Net cashflow: $968

Break-even live

Break-even rent $1,382

Max offer price $158,000

Occupancy floor 58%

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5520 W 190th St Torrance, CA	1.0	1.0	720	$2,325	$3.23	43d	1	0.26mi
4804 Del Amo Blvd Torrance, CA	1.0	1.0	650	$2,000	$3.08	43d	1	0.69mi
1301 Amethyst St Redondo Beach, CA	1.0	1.0	735	$2,999	$4.08	16d	2	0.73mi
1215 Amethyst St Redondo Beach, CA	1.0	1.0	650	$2,450	$3.77	43d	1	0.84mi
20440 Anza Ave Torrance, CA	1.0	1.0	700	$2,100	$3.00	7d	1	0.88mi
2209 Carnegie Ln #2 Redondo Beach, CA	2.0	1.0	670	$2,595	$3.87	43d	1	0.94mi
2013 Rockefeller Ln Apt 5 Redondo Beach, CA	1.0	1.0	750	$2,500	$3.33	43d	1	0.96mi
2120 Vanderbilt Ln Unit 11 Redondo Beach, CA	2.0	1.0	750	$2,350	$3.13	43d	1	0.98mi
2000 Carnegie Ln Unit C Redondo Beach, CA	1.0	1.0	700	$2,200	$3.14	43d	1	1.01mi
1900 Rockefeller Ln Apt 1 Redondo Beach, CA	1.0	1.0	575	$2,390	$4.16	19d	1	1.02mi
2020 Vanderbilt Ln Redondo Beach, CA	2.0	1.0	750	$2,500	$3.33	43d	1	1.02mi
2717 Vanderbilt Ln Unit B Redondo Beach, CA	1.0	1.0	500	$2,299	$4.60	16d	1	1.06mi
3722 Del Amo Blvd Torrance, CA	1.0	1.0	700	$1,850	$2.64	16d	1	1.12mi
2010 Blossom Ln Redondo Beach, CA	2.0	1.0	600	$2,095	$3.49	43d	1	1.14mi
2119 Mathews Ave Redondo Beach, CA	2.0	1.0	700	$2,845	$4.06	2d	1	1.15mi
4259 W 182nd St Torrance, CA	1.0	1.0	500	$1,775	$3.55	1d	1	1.16mi
1801 Aviation Way Redondo Beach, CA	1.0–2.0	1.0	640	$3,050	$4.77	43d	7	1.19mi
20810 Anza Ave #375 Torrance, CA	1.0	1.0	656	$2,530	$3.86	2d	1	1.21mi
219 N Irena Ave #2 Redondo Beach, CA	1.0	1.0	700	$2,500	$3.57	43d	1	1.24mi
712 N Guadalupe Ave Unit 8 Redondo Beach, CA	2.0	1.0	700	$2,900	$4.14	24d	1	1.26mi
720 N Guadalupe Ave Apt 2 Redondo Beach, CA	1.0	1.0	700	$2,350	$3.36	43d	1	1.27mi
720 N Guadalupe Ave Unit 4 Redondo Beach, CA	1.0	1.0	650	$2,300	$3.54	43d	1	1.27mi
20920 Anza Ave #376 Torrance, CA	1.0	1.0	656	$2,370	$3.61	43d	1	1.28mi
21004 Henrietta St Unit C Torrance, CA	2.0	1.0	512	$2,500	$4.88	7d	1	1.28mi
2703 Ruhland Ave Unit 07 Redondo Beach, CA	1.0	1.0	600	$2,775	$4.62	2d	1	1.29mi
209 S Prospect Ave Redondo Beach, CA	1.0	1.0	720	$2,395	$3.33	43d	1	1.33mi
4024 Emerald St Torrance, CA	1.0	1.0	600	$2,445	$4.08	3d	1	1.34mi
21022 Anza Ave Torrance, CA	1.0	1.0	700	$2,100	$3.00	21d	1	1.37mi
3707 Garnet St Torrance, CA	1.0–2.0	1.0–2.0	875	$2,849	$3.26	10d	1	1.38mi
682 4th St Apt 1 Hermosa Beach, CA	1.0	1.0	569	$2,100	$3.69	5d	1	1.39mi
2703 Curtis Ave Apt E Redondo Beach, CA	1.0	1.0	650	$2,250	$3.46	16d	1	1.41mi
1555 Artesia Blvd Manhattan Beach, CA	1.0	1.0	550	$2,300	$4.18	4d	1	1.44mi
3656 Garnet St Torrance, CA	1.0	1.0	710	$2,272	$3.20	15d	3	1.44mi
4428 W 171st St Lawndale, CA	2.0	1.0	700	$2,700	$3.86	1d	1	1.45mi
601 Garnet St Unit 601 1/2 Redondo Beach, CA	1.0	1.0	450	$2,775	$6.17	43d	1	1.47mi
701 9th St Unit 1 Hermosa Beach, CA	1.0	1.0	550	$3,200	$5.82	24d	1	1.48mi
3649 Emerald St Torrance, CA	1.0	1.0	589	$2,195	$3.73	20d	2	1.48mi
20627 Amie Ave Torrance, CA	1.0	1.0	470	$1,945	$4.14	43d	1	1.49mi
20627 Amie Ave Torrance, CA	1.0–2.0	1.0	470	$1,945	$4.14	24d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $158,000 Active 65 DOM
2. 2026-06-17
   days on market $158,000 Active 64 DOM
3. 2026-06-16
   days on market $158,000 Active 63 DOM
4. 2026-06-15
   days on market $158,000 Active 62 DOM
5. 2026-06-13
   days on market $158,000 Active 60 DOM
6. 2026-06-13
   days on market $158,000 Active 59 DOM
7. 2026-06-09
   days on market $158,000 Active 56 DOM
8. 2026-06-08
   days on market $158,000 Active 55 DOM
9. 2026-06-07
   days on market $158,000 Active 54 DOM
10. 2026-06-04
    days on market $158,000 Active 51 DOM
11. 2026-06-03
    days on market $158,000 Active 50 DOM
12. 2026-06-02
    days on market $158,000 Active 49 DOM
13. 2026-06-01
    days on market $158,000 Active 48 DOM
14. 2026-05-31
    days on market $158,000 Active 47 DOM
15. 2026-05-14
    status Active 942-char remark

    Show marketing remark (942 chars)

    LOCATION, LOCATION, LOCATION !!! This is a great Mobile Home located in the Cresta Mobile Home Senior Park. This home has just been Remodeled! Interior painted, new can lights, Newer Vinyl Plank Flooring and MORE. The Remodeled kitchen features New Quartz Countertops, a Stainless Steel Farmhouse Sink, a New Dishwasher, a New Stove, and many cabinets for storage. The home has several nice windows that allow for wonderful natural sunlight. The Living room has a Pop Out area that makes the home feel like a Doublewide. The Bedroom has 3 nice large closets and Built-in drawers. Outside there is plenty of space, a wonderful back porch that allows for wonderful outdoor living. There is also a nice storage shed. The Exterior Paint Color can possibly be chosen by the New Buyer (with manager's color Approval) The driveway is spacious and will accommodate two cars and the Home is Located less than 2 miles from the Beach!!! Welcome Home!

16. 2026-04-22
    historical Active Under Contract 942-char remark

    Show marketing remark (942 chars)

    LOCATION, LOCATION, LOCATION !!! This is a great Mobile Home located in the Cresta Mobile Home Senior Park. This home has just been Remodeled! Interior painted, new can lights, Newer Vinyl Plank Flooring and MORE. The Remodeled kitchen features New Quartz Countertops, a Stainless Steel Farmhouse Sink, a New Dishwasher, a New Stove, and many cabinets for storage. The home has several nice windows that allow for wonderful natural sunlight. The Living room has a Pop Out area that makes the home feel like a Doublewide. The Bedroom has 3 nice large closets and Built-in drawers. Outside there is plenty of space, a wonderful back porch that allows for wonderful outdoor living. There is also a nice storage shed. The Exterior Paint Color can possibly be chosen by the New Buyer (with manager's color Approval) The driveway is spacious and will accommodate two cars and the Home is Located less than 2 miles from the Beach!!! Welcome Home!

17. 2026-04-14
    listed $148,000 Active 942-char remark

    Show marketing remark (942 chars)

    LOCATION, LOCATION, LOCATION !!! This is a great Mobile Home located in the Cresta Mobile Home Senior Park. This home has just been Remodeled! Interior painted, new can lights, Newer Vinyl Plank Flooring and MORE. The Remodeled kitchen features New Quartz Countertops, a Stainless Steel Farmhouse Sink, a New Dishwasher, a New Stove, and many cabinets for storage. The home has several nice windows that allow for wonderful natural sunlight. The Living room has a Pop Out area that makes the home feel like a Doublewide. The Bedroom has 3 nice large closets and Built-in drawers. Outside there is plenty of space, a wonderful back porch that allows for wonderful outdoor living. There is also a nice storage shed. The Exterior Paint Color can possibly be chosen by the New Buyer (with manager's color Approval) The driveway is spacious and will accommodate two cars and the Home is Located less than 2 miles from the Beach!!! Welcome Home!

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 6 d/yr ≥85°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,288
• − Mortgage interest: −$8,850
• − Property taxes: −$2,370
• − Insurance: −$790
• − Repairs & maintenance: −$2,503
• − Management: −$2,503
• − Depreciation: −$4,596
• Taxable income: $9,675
• Est. tax owed @ 24.0%: −$2,322
• After-tax cash flow: $9,293/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This remodeled mobile home in Cresta Mobile Home Senior Park is in good condition with recent updates, making it a great investment for both resale and rental.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and outdoor living space
• Both Add a small shed or storage unit — Provides additional storage and enhances functionality
• Both Install smart home features — Improves energy efficiency and adds modern amenities

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and outdoor living space ↑
• Both Add a small shed or storage unit — Provides additional storage and enhances functionality ↑
• Both Install smart home features — Improves energy efficiency and adds modern amenities ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Redondo Beach Unified
• NCES district ID: 0600032
• Math proficiency: 72% ▲ 3.00%
• Reading proficiency: 78% ▲ 4.00%
• Median HH income: $98,945
• Composite: 69.17/100
• National rank: #637
• State rank: #63 of 1400 in CA

Livability — Redondo Beach

• Score: 79/100
• State rank: #58
• US rank: #2124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Redondo Beach, CA
• County: Los Angeles County · 9,444,647 people
• City population: 77,267
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 42,423
• Household income: $160,236
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 1067.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 52% Asian 20% Two or more races 16% Hispanic / Latino 15% Black 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Italian 2% Lithuanian 2% Romanian 2%
• Foreign-born: 20% · Canada, China, South Korea
• Languages at home: 74% English-only · Spanish 8% Other Indo-European 5% Other Asian/Pacific 3%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1248.52%
• Current HPI: 399.726
• Rent YoY: ▲ 4.79%
• Metro: Los Angeles-Long Beach-Anaheim, 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

3 events — show timeline

• 2026-05-14 Relisted — CRMLS
• 2026-04-22 Contingent — CRMLS
• 2026-04-14 Listed $148,000 CRMLS