2151 Oakland Rd #569 · San Jose, CA 95131

$295,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured · 44 Days on market

Built 1973 $205/sqft · at area comps Est $286k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +6.1/15.0
• Schools +5.5/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 beds and 2 bath mobile home in live able condition. An additional 4 bed is no permit. Show and sale!

Key facts

• Built 1973
• Listed 44 days

Property features AI

Finance

• Other: Property on leased land within a family park; Not incorporated
• Financial info: Tax type: ILT (In Lieu of Tax)
• HOA & community: HOA fees cover common area electricity and common area insurance; HOA amenities: see remarks

Exterior

• Parking: 2-car carport (minimum); Unassigned parking spaces (space #569, space rent $1,337)
• Utilities: Public water; Public sewer
• Home design: Single-story; Leased land (park home site); No age restrictions (family park)
• Construction: Living area about 1,440
• Exterior features: Shingle roof; Public utilities

Interior

• Kitchen: Eat-in layout (appliances not specified)
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central forced-air heating; Central forced-air cooling
• Interior features: Eat-in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $295k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $295k).
• Recommended offer: $286k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 1.6% in San Jose — 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 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Orchard Elementary (urban): math 51% / reading 60% proficiency, ranked #225 of 1,400 in CA (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.7%/yr); 49 active listings in the ZIP; 34 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; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• This rent runs 31% of the median local income ($170k/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 $9k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $83k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y 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 $100k; list at $295k implies a 195% gain — meaningful room to come down on a strong offer.

Recommended offer $286,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.49% ✓
• Cap rate: 12.15%
• Cash-on-cash: 20.92%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

• ARV (median comp): $285,917
• List price: $295,000
• Delta: 3.18%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2151 Oakland Rd #189	0.01mi	3/2.0	1,440 (0%)	6mo	$320,000	$222	94
2151 Oakland Rd #14	0.01mi	3/2.0	1,440 (0%)	7mo	$291,500	$202	94
2151 Oakland Rd #135	0.00mi	2/2.0 (-1)	1,440 (0%)	3mo	$310,000	$215	92
2151 Oakland #229	0.14mi	4/2.0 (+1)	1,440 (0%)	1mo	$344,000	$239	87
2151 Oakland Rd #595	0.14mi	3/2.0	1,410 (-2%)	4mo	$220,000	$156	87
2151 Oakland Rd #552	0.14mi	3/2.0	1,485 (+3%)	3mo	$310,000	$209	85
2151 Oakland Rd #210	0.01mi	3/2.0	1,516 (+5%)	7mo	$235,000	$155	85
2151 Oakland Rd #444	0.00mi	2/2.0 (-1)	1,488 (+3%)	9mo	$200,000	$134	82
2151 Oakland Rd Space #46	0.14mi	3/2.0	1,536 (+7%)	4mo	$315,000	$205	78
2151 Oakland Rd #231	0.33mi	3/2.0	1,440 (0%)	8mo	$260,000	$181	78
2151 Oakland Rd #443	0.14mi	2/2.0 (-1)	1,344 (-7%)	3mo	$229,900	$171	75
2151 Oakland Rd #375	0.00mi	3/2.0	1,630 (+13%)	10mo	$395,000	$242	70

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 · 4.67% rent growth · sell at horizon

5-year hold

• IRR: 15.2%
• Equity multiple: 1.62×
• Total profit: $51,478
• Equity at exit: $43,985

10-year hold

• IRR: 25.1%
• Equity multiple: 3.36×
• Total profit: $195,099
• Equity at exit: $25,506

Cash invested: $82,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95131

• Rents YoY: 4.7%
• Active inventory: 49
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $4,403 high
• Mortgage (P&I): −$1,547
• Tax est. 1.5%: −$369 /mo · $4,425/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$925
• Net cashflow: $1,440

Break-even live

Break-even rent $2,581

Max offer price $295,000

Occupancy floor 62%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1141 Rock Ave San Jose, CA	3.0	2.5	1376	$4,295	$3.12	1d	1	0.16mi
1799 Snell Pl Milpitas, CA	3.0	3.0	1450	$4,450	$3.07	17d	1	0.62mi
69 Ede Ln Milpitas, CA	3.0	3.0	1253	$4,128	$3.29	7d	1	0.69mi
1067 McKay Dr San Jose, CA	3.0	3.0	1657	$4,800	$2.90	1d	1	0.71mi
363 Odyssey Ln Milpitas, CA	3.0	4.0	1651	$4,750	$2.88	1d	1	0.71mi
1694 Starlite Dr Milpitas, CA	4.0	2.5	1726	$4,600	$2.67	1d	1	0.74mi
2031 Trento Loop Milpitas, CA	3.0	3.0	1709	$4,400	$2.57	7d	1	0.77mi
1753 Capulet Dr Milpitas, CA	2.0	2.0	1100	$4,000	$3.64	16d	1	0.81mi
1573 Capulet Dr Milpitas, CA	2.0	2.0	1100	$3,750	$3.41	21d	1	0.81mi
23 Cedar Way Milpitas, CA	4.0	2.0	1527	$4,620	$3.03	7d	1	0.86mi
379 Lundy Pl Milpitas, CA	3.0	3.0	1618	$4,445	$2.75	7d	1	0.87mi
56 Lonetree Ct Milpitas, CA	4.0	2.5	1824	$5,000	$2.74	19d	1	0.88mi
1677 Centre Pointe Dr Milpitas, CA	3.0	3.0	1687	$4,600	$2.73	23d	1	0.94mi
1331 Lakeshore Cir San Jose, CA	1.0–3.0	1.0–3.0	1017	$4,767	$4.69	1d	28	0.96mi
1600 Whitewood Dr San Jose, CA	1.0–2.0	1.0–2.0	977	$3,806	$3.89	1d	12	0.97mi
460 Montague Expy #40 Milpitas, CA	3.0	2.5	1833	$4,750	$2.59	2d	1	0.98mi
1625 Delano St Unit 31A Milpitas, CA	3.0	2.5	1458	$4,295	$2.95	1d	1	0.99mi
312 Gates Dr Milpitas, CA	1.0–2.0	1.0–2.0	891	$4,530	$5.08	1d	14	0.99mi
600 Epic Way San Jose, CA	2.0	1.0–2.0	832	$4,847	$5.82	1d	28	1.01mi
650 E Capitol Ave Milpitas, CA	1.0–2.0	1.0–2.0	1003	$4,835	$4.82	1d	17	1.04mi
273 Baja Rose St Milpitas, CA	3.0	2.0	1569	$4,700	$3.00	23d	1	1.04mi
1821 S Milpitas Blvd Milpitas, CA	1.0–2.0	1.0–2.0	860	$4,238	$4.93	1d	5	1.06mi
1087 Bigleaf Pl #1526 San Jose, CA	3.0	3.0	1850	$4,180	$2.26	1d	1	1.12mi
2100 Beech Cir San Jose, CA	3.0	3.5	1812	$4,350	$2.40	10d	1	1.13mi
425 Navaro Way #120 San Jose, CA	2.0	2.0	1088	$3,750	$3.45	43d	1	1.13mi
2365 Fallingtree Dr San Jose, CA	4.0	2.0	1234	$4,315	$3.50	11d	1	1.17mi
440 Navaro Pl San Jose, CA	2.0	2.0	1254	$3,924	$3.13	23d	1	1.18mi
345 Village Center Dr San Jose, CA	2.0	1.0–2.0	877	$4,541	$5.17	1d	19	1.22mi
415 Camille Cir San Jose, CA	2.0	2.5	1561	$4,009	$2.57	12d	1	1.24mi
753 Montague Expy Milpitas, CA	2.0	2.0	957	$3,580	$3.74	1d	2	1.25mi
1102 S Abel St Milpitas, CA	1.0–3.0	1.0–2.0	1070	$4,597	$4.30	1d	9	1.26mi
1895 N Capitol Ave San Jose, CA	2.0	1.0–2.0	658	$3,505	$5.33	1d	1	1.28mi
373 River Oaks Cir San Jose, CA	1.0–2.0	1.0–2.0	937	$4,147	$4.42	1d	3	1.30mi
1323 Pebble Ct San Jose, CA	2.0	2.0	1093	$3,500	$3.20	17d	1	1.44mi

Listing history 22 events

1. 2026-06-18
   days on market $295,000 Active 44 DOM
2. 2026-06-17
   days on market $295,000 Active 43 DOM
3. 2026-06-16
   days on market $295,000 Active 42 DOM
4. 2026-06-15
   days on market $295,000 Active 41 DOM
5. 2026-06-13
   days on market $295,000 Active 39 DOM
6. 2026-06-13
   days on market $295,000 Active 38 DOM
7. 2026-06-09
   days on market $295,000 Active 35 DOM
8. 2026-06-08
   days on market $295,000 Active 34 DOM
9. 2026-06-07
   days on market $295,000 Active 33 DOM
10. 2026-06-05
    days on market $295,000 Active 30 DOM
11. 2026-06-03
    days on market $295,000 Active 29 DOM
12. 2026-06-02
    days on market $295,000 Active 28 DOM
13. 2026-06-01
    days on market $295,000 Active 27 DOM
14. 2026-05-31
    days on market $295,000 Active 26 DOM
15. 2026-05-06
    listed $295,000 Active 102-char remark

    Show marketing remark (102 chars)

    3 beds and 2 bath mobile home in live able condition. An additional 4 bed is no permit. Show and sale!

16. 2026-05-05
    listed $295,000 Active 102-char remark

    Show marketing remark (102 chars)

    3 beds and 2 bath mobile home in live able condition. An additional 4 bed is no permit. Show and sale!

17. 2001-06-11
    historical 258-char remark

    Show marketing remark (258 chars)

    * * * SELLER ARE MOTIVATED & PACKING * LOW SPACE RENT! NICE FLOORPLAN * GOOD CONTD CLEAN CARPET * PERFECT FOR 1ST TIME BUYER!!! CENTRAL HEATING/ A/C, WASHER, DRYER REFRIGERATOR, TENNIS CRT, CLUB HOUSE, EXERCICE ROOM * MOVE IN CONDITION * EZ TO

18. 2001-02-21
    soldstatus $100,000 258-char remark

    Show marketing remark (258 chars)

    * * * SELLER ARE MOTIVATED & PACKING * LOW SPACE RENT! NICE FLOORPLAN * GOOD CONTD CLEAN CARPET * PERFECT FOR 1ST TIME BUYER!!! CENTRAL HEATING/ A/C, WASHER, DRYER REFRIGERATOR, TENNIS CRT, CLUB HOUSE, EXERCICE ROOM * MOVE IN CONDITION * EZ TO

19. 2001-02-05
    listed $101,000 258-char remark

    Show marketing remark (258 chars)

    * * * SELLER ARE MOTIVATED & PACKING * LOW SPACE RENT! NICE FLOORPLAN * GOOD CONTD CLEAN CARPET * PERFECT FOR 1ST TIME BUYER!!! CENTRAL HEATING/ A/C, WASHER, DRYER REFRIGERATOR, TENNIS CRT, CLUB HOUSE, EXERCICE ROOM * MOVE IN CONDITION * EZ TO

20. 2000-04-03
    historical
21. 2000-02-26
    soldstatus $51,000
22. 2000-02-22
    listed $55,000

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

Taxation est. · year 1

• Rental income: $52,836
• − Mortgage interest: −$16,525
• − Property taxes: −$4,425
• − Insurance: −$1,475
• − Repairs & maintenance: −$4,227
• − Management: −$4,227
• − Depreciation: −$8,582
• Taxable income: $13,376
• Est. tax owed @ 24.0%: −$3,210
• After-tax cash flow: $14,066/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: Orchard Elementary
• NCES district ID: 0628680
• Math proficiency: 51% ▲ 1.00%
• Reading proficiency: 60% ▲ 5.00%
• Median HH income: $108,165
• Composite: 54.67/100
• National rank: #2853
• State rank: #225 of 1400 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 31,179
• Household income: $170,255
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 691.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Asian (70%)
• Race & ethnicity: Asian 70% Hispanic / Latino 16% White 10% Two or more races 9% Black 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Italian 1%
• Foreign-born: 57% · China, Vietnam, Canada
• Languages at home: 31% English-only · Chinese 28% Vietnamese 11% Spanish 10%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1287.10%
• Current HPI: 314.6879
• Rent YoY: ▲ 4.67%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

+436.4% since first listed

8 events — show timeline

• 2026-05-06 Listed $295,000 MLSListings
• 2026-05-05 Listed $295,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2001-06-11 Listing Removed — MLSListings
• 2001-02-21 Sold (MLS) $100,000 MLSListings
• 2001-02-05 Listed $101,000 MLSListings
• 2000-04-03 Listing Removed — MLSListings
• 2000-02-26 Sold (MLS) $51,000 MLSListings
• 2000-02-22 Listed $55,000 MLSListings