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7114 San Bartolo
C+ Composite 62.54
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 +22.5/30.0
  • 1% rule +7.5/10.0
  • DSCR +7.5/10.0
  • ARV discount +7.5/15.0
  • Schools +6.5/10.0
  • Appreciation +5.4/10.0
  • Livability +3.9/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.4/5.0
  • Manufactured-home adj. -5.4

$119,999

7114 San Bartolo · Carlsbad, CA 92011
2 bd · 2.0 ba · 1,440 sqft · Manufactured · 149 Days on market
Manufactured home 55+ age-restricted Built 1972 Good condition 3,000 sqft lot $83/sqft · 66% below area ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

CARLSBAD 55+ FIXER — 1,440 SF — BRING YOUR VISION! Opportunity knocks in Lakeshore Gardens! This spacious 2-bedroom, 2-bathroom, approximately 1,440 sq. ft. manufactured home is ready for a new owner with vision and a willingness to renovate. If you've been looking for an opportunity to create your own home in coastal Carlsbad, this could be the one. The home offers a generous floor plan, large living areas, two bedrooms, two bathrooms, and an additional covered California/Arizona room that provides valuable bonus space. This is being offered in its current condition, making it an excellent opportunity for a buyer looking to remodel and build equity through improvements.

Key facts

  • View of the water
  • Clubhouse
  • Billiards

Tags

OUTDOOR SITTING AREASVIEW OF THE WATERBONUS ROOMCOMMUNITY AMENITIESCLUBHOUSEBILLIARDS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $120k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $2k ($23k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $120k).
  • Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
  • Cap rate 25.2% vs local median 2.0% in Carlsbad — 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 (#67 in CA, #2,526 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety D+, cost of living F.
  • Carlsbad Unified (urban): math 68% / reading 76% proficiency, ranked #87 of 1,400 in CA (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
  • Zoned schools: Pacific Rim Elementary (673 students, 10% FRL); Aviara Oaks Middle (1,021 students, 16% FRL); Carlsbad High (2,290 students, 23% FRL) — zoned schools at 16% FRL track the district average.
  • Market conditions: Rents rising (+3.5%/yr); 130 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 76d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 79% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).

Forward outlook

  • In year one you build about $3k of equity ($829 loan paydown + $2k appreciation (1.8% local appreciation)).
  • San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (1.8% appreciation + 3.5% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 149 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $105,599 (12.0% below list)

Questions for the listing agent

  1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1972 — 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
2.87%
Cap rate
25.16%
Cash-on-cash
67.40%
DSCR
4.00
GRM
2.9

CMA / ARV

ARV (median comp)
$356,137
List price
$119,999
Delta
-66.31%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
7027 San Bartolo St #43 0.05mi 2/2.0 1,440 (0%) 2mo $173,000 $120 97
7269 San Luis St #244 0.08mi 2/2.0 1,461 (+2%) 3mo $170,000 $116 91
7219 San Benito St #344 0.17mi 2/2.0 1,440 (0%) 1mo $463,500 $322 91
7228 San Benito St #351 0.17mi 2/2.0 1,464 (+2%) 3mo $175,000 $120 87
7209 San Luis St #169 0.27mi 2/2.0 1,440 (0%) 2mo $308,950 $215 86
7305 San Luis St #240 0.36mi 2/2.0 1,440 (0%) 1mo $320,000 $222 83
7008 San Bartolo St #27 0.08mi 2/2.0 1,560 (+8%) 0mo $220,000 $141 82
7241 Santa Barbara St #300 0.15mi 2/2.0 1,344 (-7%) 2mo $175,000 $130 80
7241 San Luis St 0.26mi 3/2.0 (+1) 1,546 (+7%) 2mo $400,000 $259 69
7311 San Luis St #237 0.36mi 3/2.0 (+1) 1,359 (-6%) 4mo $236,550 $174 66
7239 San Luis St, #184 0.40mi 3/2.0 (+1) 1,568 (+9%) 1mo $461,001 $294 61
7243 San Luis St #257 0.27mi 2/2.0 1,248 (-13%) 5mo $120,000 $96 61

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.75% appreciation · 3.54% rent growth · sell at horizon

5-year hold
IRR
71.5%
Equity multiple
4.83×
Total profit
$128,820
Equity at exit
$45,708
10-year hold
IRR
72.2%
Equity multiple
10.02×
Total profit
$303,137
Equity at exit
$64,595

Cash invested: $33,600 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
23 active · 24 under contract
Months of supply
8.1 mo (12%/mo absorbed)
Median asking
$399,000 ($271/sqft)
Median days on market
147 d
This list price
lowest-priced of the active set
ARV vs active asking
-8.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 92011

Home prices YoY
0.4%
Rents YoY
3.5%
Active inventory
130
Price-to-rent
2.9×

Monthly cashflow live

Estimated rent
$3,438 high interval (Pro) →
Mortgage (P&I)
$629
Tax est. 1.5%
$150 /mo · $1,800/yr
Insurance
$50
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$722
Net cashflow
$1,887

Break-even live

Break-even rent $1,050
Max offer price $119,999
Occupancy floor 40%

Sensitivity live

Price -10% $1,970 -5% $1,929 +0% $1,887 +5% $1,846 +10% $1,804
Rent -10% $1,615 -5% $1,751 +0% $1,887 +5% $2,023 +10% $2,159
Rate -1.0pp $1,947 -0.5pp $1,918 base $1,887 +0.5pp $1,856 +1.0pp $1,824

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
$30,000
Closing costs
$3,600
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 33 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
7332 Escallonia Ct Carlsbad, CA 3.0 2.5 1869 $5,200 $2.78 54d 1 0.37mi
6923 Whitecap Dr Carlsbad, CA 3.0 2.0 1246 $5,250 $4.21 139d 1 0.39mi
6872 Shearwaters Dr Carlsbad, CA 3.0 2.0 1246 $4,000 $3.21 94d 1 0.48mi
867 Hollyhock Ct Carlsbad, CA 2.0 2.0 1263 $3,950 $3.13 18d 1 0.51mi
6938 Seascape Dr Carlsbad, CA 2.0 1.0–2.0 915 $3,598 $3.93 0d 6 0.57mi
820 Windcrest Dr Carlsbad, CA 3.0 2.0 1404 $5,581 $3.98 113d 1 0.57mi
7431 Linden Ter Carlsbad, CA 2.0 2.0 1180 $3,200 $2.71 75d 1 0.63mi
634 Compass Ct Carlsbad, CA 3.0 2.5 1869 $5,900 $3.16 44d 1 0.67mi
6763 Camino del Prado Carlsbad, CA 3.0 3.0 1439 $5,099 $3.54 2d 1 0.67mi
6910 Peachtree Rd Unit 1546353P Carlsbad, CA 3.0 2.0 1399 $6,129 $4.38 112d 1 0.67mi
6783 Heath Ct Carlsbad, CA 3.0 2.5 1800 $5,500 $3.06 44d 1 0.68mi
6863 Alderwood Dr Carlsbad, CA 3.0 2.5 1438 $4,200 $2.92 34d 1 0.69mi
6811 Alderwood Dr Carlsbad, CA 2.0 2.0 1292 $3,850 $2.98 139d 1 0.77mi
901 Caminito Estrada 2.0 1.5 1180 $3,800 $3.22 63d 1 0.85mi
916 Caminito Estrada Unit B Carlsbad, CA 2.0 2.0 1188 $3,650 $3.07 139d 1 0.90mi
6805 Briarwood Dr Carlsbad, CA 2.0 2.0 1292 $3,850 $2.98 79d 1 0.91mi
6822 Briarwood Dr Carlsbad, CA 3.0 2.5 1443 $3,995 $2.77 75d 1 0.92mi
901 Caminito Madrigal Unit E Carlsbad, CA 2.0 2.0 1027 $5,995 $5.84 34d 1 0.92mi
909 Caminito Madrigal Unit D Carlsbad, CA 3.0 2.5 1300 $4,950 $3.81 10d 1 0.93mi
918 Caminito Estrada Unit E Carlsbad, CA 2.0 2.0 1188 $3,600 $3.03 76d 1 0.94mi
6675 Paseo del Norte Unit A Carlsbad, CA 2.0 2.0 959 $3,850 $4.01 100d 1 0.95mi
6675 Paseo del Norte Unit B Carlsbad, CA 2.0 2.0 959 $4,300 $4.48 139d 1 0.95mi
902 Caminito Madrigal Unit B Carlsbad, CA 2.0 1.0 897 $3,075 $3.43 84d 1 0.95mi
6677 Paseo Del Norte Carlsbad, CA 2.0 2.0 959 $4,500 $4.69 139d 1 0.95mi
6677 Paseo del Norte Unit B Carlsbad, CA 2.0 1.0 959 $3,950 $4.12 139d 1 0.95mi
908 Caminito Madrigal Carlsbad, CA 2.0 2.0 959 $4,100 $4.28 10d 1 1.00mi
908 Caminito Madrigal Carlsbad, CA 2.0 2.0 897 $4,500 $5.02 139d 1 1.00mi
908 Caminito Madrigal Unit F Carlsbad, CA 2.0 2.0 959 $4,100 $4.28 7d 1 1.02mi
908 Caminito Madrigal Unit D Carlsbad, CA 2.0 1.5 897 $4,500 $5.02 139d 1 1.02mi
925 Wind Drift Dr Carlsbad, CA 2.0 2.5 1110 $3,895 $3.51 139d 1 1.08mi
6555 Sea Gate Rd Carlsbad, CA 2.0 2.0 1110 $4,148 $3.74 2d 2 1.11mi
1821 Wilton Rd Encinitas, CA 3.0 2.0 1699 $6,950 $4.09 67d 1 1.46mi
7275 Surfbird Cir Carlsbad, CA 3.0 2.5 1845 $5,100 $2.76 40d 1 1.47mi

Property features AI

Finance

Other
Lot size estimated (0–1 unit/acre)
Financial info
Land lease of $2,695 per month
HOA & community
Located in a senior communityPark name: Lakeshore GardensManager approval requiredPets allowedCommunity features include watersports, biking, hiking

Exterior

Parking
Attached carport with 2 spaces
Utilities
Electricity connected220V throughout
Home design
Mobile home (24' x 60', model Elgra) remains on siteEstimated year builtFacing/view availableSingle-storyEntry level 1
Construction
Composition roofEstimated living area source
Exterior features
Covered patio / Arizona roomHeated community pool (propane)Shed (1)

Interior

Kitchen
Gas cookingFree-standing rangeRefrigeratorDishwasherGarbage disposalWater heater unit
Bedrooms
Primary bedroom on main floor
Bathrooms
Two full bathrooms
Heating & cooling
Forced air heatingCentral cooling
Interior features
One-story homeMain-floor primary bedroomBonus roomEntryGuest/maid's quartersAll bedrooms on same levelTurnkey condition
Laundry & utility
Laundry room insideIndividual laundry roomWasher includedDryer includedUtility room

Listing history 50 events

  1. 2026-09-24
    days on market $119,999 Active 149 DOM
  2. 2026-09-23
    days on market $119,999 Active 148 DOM
  3. 2026-09-22
    days on market $119,999 Active 147 DOM
  4. 2026-09-21
    days on market $119,999 Active 146 DOM
  5. 2026-09-20
    days on market $119,999 Active 145 DOM
  6. 2026-09-19
    days on market $119,999 Active 144 DOM
  7. 2026-09-18
    days on market $119,999 Active 143 DOM
  8. 2026-09-17
    days on market $119,999 Active 142 DOM
  9. 2026-09-16
    days on market $119,999 Active 141 DOM
  10. 2026-09-15
    days on market $119,999 Active 140 DOM
  11. 2026-09-14
    days on market $119,999 Active 139 DOM
  12. 2026-09-13
    days on market $119,999 Active 138 DOM
  13. 2026-09-12
    days on market $119,999 Active 137 DOM
  14. 2026-09-11
    days on market $119,999 Active 136 DOM
  15. 2026-09-05
    days on market $119,999 Active 130 DOM
  16. 2026-09-04
    days on market $119,999 Active 129 DOM
  17. 2026-09-03
    days on market $119,999 Active 128 DOM
  18. 2026-08-31
    days on market $119,999 Active 125 DOM
  19. 2026-08-30
    days on market $119,999 Active 124 DOM
  20. 2026-08-29
    days on market $119,999 Active 123 DOM
  21. 2026-08-28
    price $119,999 Active 122 DOM
  22. 2026-08-28
    remarks 687-char remark
  23. 2026-08-28
    days on market $165,999 Active 122 DOM
  24. 2026-08-27
    days on market $165,999 Active 121 DOM
  25. 2026-08-26
    days on market $165,999 Active 120 DOM
  26. 2026-08-25
    days on market $165,999 Active 119 DOM
  27. 2026-08-24
    days on market $165,999 Active 118 DOM
  28. 2026-08-23
    days on market $165,999 Active 117 DOM
  29. 2026-08-22
    days on market $165,999 Active 116 DOM
  30. 2026-08-21
    days on market $165,999 Active 115 DOM
  31. 2026-08-20
    days on market $165,999 Active 114 DOM
  32. 2026-08-19
    days on market $165,999 Active 113 DOM
  33. 2026-08-18
    days on market $165,999 Active 112 DOM
  34. 2026-08-17
    days on market $165,999 Active 111 DOM
  35. 2026-08-16
    days on market $165,999 Active 110 DOM
  36. 2026-08-15
    days on market $165,999 Active 109 DOM
  37. 2026-08-14
    days on market $165,999 Active 108 DOM
  38. 2026-08-13
    days on market $165,999 Active 107 DOM
  39. 2026-08-12
    days on market $165,999 Active 106 DOM
  40. 2026-08-11
    days on market $165,999 Active 105 DOM
  41. 2026-08-10
    days on market $165,999 Active 104 DOM
  42. 2026-08-09
    days on market $165,999 Active 103 DOM
  43. 2026-08-08
    days on market $165,999 Active 102 DOM
  44. 2026-08-06
    days on market $165,999 Active 100 DOM
  45. 2026-08-05
    days on market $165,999 Active 99 DOM
  46. 2026-08-04
    days on market $165,999 Active 98 DOM
  47. 2026-08-03
    days on market $165,999 Active 97 DOM
  48. 2026-07-31
    days on market $165,999 Active 94 DOM
  49. 2026-07-30
    days on market $165,999 Active 93 DOM
  50. 2026-07-30
    days on market $165,999 Active 92 DOM

ⓘ 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 5/10 Major 7 d/yr ≥82°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$41,261
− Mortgage interest
−$6,722
− Property taxes
−$1,800
− Insurance
−$600
− Repairs & maintenance
−$3,301
− Management
−$3,301
− Depreciation
−$3,491
Taxable income
$22,047
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$5,291
After-tax cash flow
$17,354/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 · 4 photos

Good 75/100 Cosmetic rehab Est. rehab $7,200–$21,600 screening

This manufactured home in Lakeshore Gardens is in good condition with minimal repairs needed. It offers a great location with community amenities and a desirable location.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value
  • Both Replace windows — Improves energy efficiency and aesthetics
  • Both Upgrade HVAC system — Enhances comfort and energy efficiency

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Pacific Rim Elementary Middle Aviara Oaks Middle High Carlsbad High

Schools (NCES district)

District
Carlsbad Unified
NCES district ID
0607500
Math proficiency
68% ▲ 2.00%
Reading proficiency
76% ▲ 2.00%
Median HH income
$81,200
Composite
65.11/100
National rank
#1068
State rank
#87 of 1400 in CA
B Composite livability gradescore 78/100

Livability — Carlsbad

Score
78/100
State rank
#67
US rank
#2526

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Carlsbad, CA
County
San Diego County · 3,678,185 people
City population
114,373
Metro
San Diego-Chula Vista-Carlsbad, CA
Population (ZIP)
23,190
Household income
$159,235
Rent vs Own
36.0% rent · 64.0% own
Severe rent burden
14% of renters

Population outlook (San Diego County) Hauer SSP2

Today (2025)
3,678,185 people
By 2030
3,856,546 · +4.8%
By 2040
4,171,407 · +13.4%
By 2050
4,421,607 · +20.2%
By 2075
4,831,599 · +31.4%
By 2100
4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Majority White (64%)
Race & ethnicity
White 64% Hispanic / Latino 17% Two or more races 15% Asian 12%
Hispanic origin (detail)
Mexican 12%
Common ancestry
Portuguese 4% Slovak 3% Italian 3%
Foreign-born
16% · Canada, China, Vietnam
Languages at home
82% English-only · Spanish 6% Chinese 4% German/W. Germanic 2%

Political lean MEDSL · San Diego

2024 margin
D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
2008→2024 swing
+6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
All cycles
2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

Civics

Price history

-6.0% since first listed
2 events — show timeline
  • 2026-05-30 Price Changed $234,500 CRMLS
  • 2026-04-28 Listed $249,500 CRMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…