2150 MONTEREY Hwy #102 · San Jose, CA 95112

$168,000

1 bd · 1.0 ba · 728 sqft · Manufactured · 108 Days on market

Built 1981 $231/sqft · 33% below area Est $250k · 33% 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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Schools +5.5/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

Key facts

• New flooring
• Built 1981
• Listed 108 days

Tags

• REMODELED KITCHEN APPLIANCES
• NEW FLOORING
• PUBLIC TRANSPORTATION ACCESS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $168k.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $168k).
• Recommended offer: $153k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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.
• East Side Union High (urban): math 53% / reading 70% proficiency, ranked #69 of 517 in CA (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 106 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 ($89k/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 $1k of loan paydown is wiped out by about $5k 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 + 4.2% rent growth), your $47k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask has dropped $31k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $56k; list at $168k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,880 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 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. 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: 1.37% ✓
• Cap rate: 11.03%
• Cash-on-cash: 16.92%
• DSCR: 1.75
• GRM: 6.1

CMA / ARV

• ARV (median comp): $249,900
• List price: $168,000
• Delta: -32.77%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2150 Monterey #54	0.00mi	1/1.0	728 (0%)	12mo	$263,000	$361	90
2150 Monterey Rd #7	0.00mi	2/1.0 (+1)	756 (+4%)	3mo	$249,900	$331	86
2150 Monterey Rd #191	0.00mi	2/1.0 (+1)	728 (0%)	12mo	$210,000	$288	85
2150 MONTEREY Rd #104	0.00mi	2/1.0 (+1)	728 (0%)	15mo	$279,000	$383	82
2150 Monterey Rd #89	0.00mi	2/1.0 (+1)	784 (+8%)	10mo	$240,000	$306	74
2150 Monterey Hwy #143	0.00mi	2/1.0 (+1)	806 (+11%)	7mo	$280,000	$347	71
2150 Monterey Rd #140	0.00mi	2/2.0 (+1)	800 (+10%)	14mo	$260,000	$325	63
2150 Monterey Rd #100	0.12mi	2/1.0 (+1)	832 (+14%)	9mo	$300,000	$361	58

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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: 9.6%
• Equity multiple: 1.38×
• Total profit: $18,004
• Equity at exit: $25,049

10-year hold

• IRR: 19.7%
• Equity multiple: 2.76×
• Total profit: $82,604
• Equity at exit: $14,526

Cash invested: $47,040 (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 95112

• Rents YoY: 4.2%
• Active inventory: 106
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,309 high
• Mortgage (P&I): −$881
• Tax est. 1.5%: −$210 /mo · $2,520/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $663

Break-even live

Break-even rent $1,470

Max offer price $168,000

Occupancy floor 66%

Sensitivity live

Price	-10% $780	-5% $721	+0% $663	+5% $605	+10% $547
Rent	-10% $481	-5% $572	+0% $663	+5% $755	+10% $846
Rate	-1.0pp $748	-0.5pp $706	base $663	+0.5pp $620	+1.0pp $576

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: $42,000
• Closing costs: $5,040
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1640 La Rossa Cir San Jose, CA	2.0	1.0	750	$2,782	$3.71	2d	2	1.00mi
1450 Pomona Ave San Jose, CA	1.0	1.0	675	$1,900	$2.81	22d	1	1.02mi
273 Stonegate Cir San Jose, CA	2.0	1.0	704	$2,800	$3.98	44d	1	1.14mi
2898 Villa Monterey San Jose, CA	1.0–2.0	1.0	650	$2,324	$3.58	14d	1	1.14mi
1297 Plum St Unit 1297-05 San Jose, CA	1.0	1.0	600	$1,850	$3.08	44d	1	1.20mi
1297 Plum St San Jose, CA	1.0	1.0	600	$1,850	$3.08	45d	1	1.20mi
200 Lewis Rd San Jose, CA	1.0–3.0	1.0–2.0	867	$2,281	$2.63	2d	1	1.25mi
978 Summerplace Dr San Jose, CA	1.0	1.0	730	$2,395	$3.28	17d	1	1.28mi
1068 Summershore Ct San Jose, CA	1.0	1.0	730	$2,500	$3.42	17d	1	1.35mi
1200 Lick Ave San Jose, CA	1.0	1.0	550	$1,633	$2.97	44d	3	1.39mi
961 S 7th St #959 San Jose, CA	1.0	1.0	524	$2,250	$4.29	44d	1	1.49mi

Listing history 23 events

1. 2026-06-18
   days on market $168,000 Active 108 DOM
2. 2026-06-17
   days on market $168,000 Active 107 DOM
3. 2026-06-16
   days on market $168,000 Active 106 DOM
4. 2026-06-15
   days on market $168,000 Active 105 DOM
5. 2026-06-13
   days on market $168,000 Active 103 DOM
6. 2026-06-13
   pricedays on market $168,000 Active 102 DOM
7. 2026-06-09
   days on market $178,000 Active 99 DOM
8. 2026-06-08
   days on market $178,000 Active 98 DOM
9. 2026-06-07
   days on market $178,000 Active 97 DOM
10. 2026-06-05
    days on market $178,000 Active 94 DOM
11. 2026-06-03
    days on marketlisting id $178,000 Active 93 DOM
12. 2026-05-31
    days on marketlisting id $178,000 Active 92 DOM
13. 2026-05-01
    price $178,000 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

14. 2026-05-01
    price $178,000 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

15. 2026-04-16
    price $188,000 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

16. 2026-04-16
    price $188,000 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

17. 2026-02-28
    listed $199,000 Active 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

18. 2026-02-28
    listed $199,000 Active 442-char remark

    Show marketing remark (442 chars)

    Great mobile home located in one of the best parks in town (Pepper Tree Estates). Built in 1981 this home has one large bedroom and one bathroom within an area of 728 SqFt. In addition, this unit has been remodeled with new kitchen appliances, flooring, paint inside and out. The park is located within walking distance to several shopping malls, public transportation and a short drive to FWY 87 and 101. Make this amazing unit your home !!!

19. 2026-02-26
    historical
20. 2026-02-02
    listed Active
21. 2008-05-31
    soldstatus $56,000
22. 2008-05-15
    historical
23. 2008-03-07
    listed $62,000

ⓘ 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 D · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥94°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 17 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,713
• − Mortgage interest: −$9,411
• − Property taxes: −$2,520
• − Insurance: −$840
• − Repairs & maintenance: −$2,217
• − Management: −$2,217
• − Depreciation: −$4,887
• Taxable income: $5,621
• Est. tax owed @ 24.0%: −$1,349
• After-tax cash flow: $6,612/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: East Side Union High
• NCES district ID: 0611820
• Math proficiency: 53% ▲ 12.00%
• Reading proficiency: 70% ▲ 8.00%
• Median HH income: $80,293
• Composite: 55.15/100
• National rank: #1278
• State rank: #69 of 517 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): 57,373
• Household income: $89,103
• Rent vs Own: 73.6% rent · 26.4% own
• Severe rent burden: 4364.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 41% Asian 27% White 22% Two or more races 18% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Slovak 1% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 34% · Canada, Vietnam, China
• Languages at home: 48% English-only · Spanish 29% Vietnamese 9% Chinese 6%

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: ▼ -1025.61%
• Current HPI: 297.1788
• Rent YoY: ▲ 4.25%
• 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

+187.1% since first listed

11 events — show timeline

• 2026-05-01 Price Changed $178,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-01 Price Changed $178,000 MLSListings
• 2026-04-16 Price Changed $188,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-04-16 Price Changed $188,000 MLSListings
• 2026-02-28 Listed $199,000 MLSListings
• 2026-02-28 Listed $199,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-02-26 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-02-02 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-05-31 Sold (MLS) $56,000 MLSListings
• 2008-05-15 Listing Removed — MLSListings
• 2008-03-07 Listed $62,000 MLSListings