2053 East Bayshore #7 · Redwood City, CA 94063

$239,000

2 bd · 1.0 ba · 860 sqft · Manufactured · 31 Days on market

Built 1968 Est $242k · 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.0/15.0
• 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 2-bedroom, 1-bathroom home in Redwood City community of Redwood States. The home features a spacious living room, kitchen with granite counter, plenty of natural lighting, laminated flooring throughout the house, double pane windows, and a nice private outdoor BBQ area. The home offers an indoor laundry area and a covered carport for 3 cars. Perfect for first-time buyers or downsizers. Just minutes from highway 101, 84, major tech companies such as Facebook and Google, Stanford University, top hospitals. Own this great home instead of renting! You will love this charming home!

Key facts

• Indoor laundry area
• Granite counter
• Covered carport

Tags

• GRANITE COUNTER
• PRIVATE OUTDOOR BBQ AREA
• INDOOR LAUNDRY AREA
• COVERED CARPORT
• MINUTES FROM HIGHWAY 101
• MINUTES FROM TOP HOSPITALS

Property features AI

Finance

• Other: No age restrictions; Board approval required; Pet restrictions (number limits)
• HOA & community: Club house; Sauna / spa / hot tub

Exterior

• Parking: Carport with 2 spaces (space #7); Space rent $1,150
• Utilities: Public water; Public sewer
• Home design: Single-story; Leased land (park home site)
• Construction: Living area approximately 860
• Exterior features: Other roof (see remarks); Public utilities

Interior

• Kitchen: Gas cooktop; Granite countertops; Oven/range
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom with shower and tub
• Heating & cooling: Central forced air heating; Evaporative cooler
• Interior features: Storage; Laminate flooring; Hookups only for laundry
• Laundry & utility: Washer/dryer hookups only

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $239k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $239k).
• Recommended offer: $232k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.0% 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; 14 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).
• This rent runs 42% of the median local income ($117k/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 $7k 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 $67k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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 $55k; list at $239k implies a 335% gain — meaningful room to come down on a strong offer.

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 $231,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.69% ✓
• Cap rate: 14.03%
• Cash-on-cash: 27.62%
• DSCR: 2.23
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $241,660
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3015 E Bayshore Rd #353	0.15mi	2/2.0	960 (+12%)	12mo	$269,900	$281	60
3015 E Bayshore Rd #211	0.41mi	3/2.0 (+1)	983 (+14%)	15mo	$275,000	$280	36

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: 14.7%
• Equity multiple: 1.60×
• Total profit: $40,486
• Equity at exit: $35,636

10-year hold

• IRR: 25.1%
• Equity multiple: 3.42×
• Total profit: $161,858
• Equity at exit: $20,664

Cash invested: $66,920 (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: 4.9×

Monthly cashflow live

• Estimated rent: $4,040 high
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$849
• Net cashflow: $1,114

Break-even live

Break-even rent $2,631

Max offer price $239,000

Occupancy floor 67%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
657 Hurlingame Ave Redwood City, CA	3.0	1.0	775	$4,500	$5.81	1d	1	0.69mi
3566 Rolison Rd Unit 07 Redwood City, CA	2.0	1.0	800	$2,900	$3.62	1d	1	0.76mi
3639 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	949	$5,867	$6.18	1d	12	0.92mi
900 Chestnut St Redwood City, CA	3.0	1.0–2.0	748	$3,353	$4.48	1d	14	1.00mi
3645 Haven Ave Menlo Park, CA	1.0–2.0	1.0–2.0	893	$4,719	$5.28	1d	3	1.01mi
1405 Marshall St Redwood City, CA	1.0–2.0	1.0–2.0	915	$3,395	$3.71	1d	6	1.04mi
1321 Marshall St Redwood City, CA	1.0	1.0	730	$2,495	$3.42	1d	3	1.06mi
348 Fourth Ave Apt 17 Redwood City, CA	1.0	1.0	550	$1,950	$3.55	7d	1	1.14mi
520 Hilton St Apt 3 Redwood City, CA	1.0	1.0	608	$2,400	$3.95	1d	1	1.18mi
531 Cedar St Unit 537 Redwood City, CA	2.0	1.0	750	$3,550	$4.73	1d	1	1.21mi
110 Constitution Dr Menlo Park, CA	2.0	1.0–2.0	807	$5,430	$6.72	1d	20	1.27mi
2580 El Camino Real Redwood City, CA	1.0–2.0	1.0–2.0	805	$5,856	$7.27	1d	1	1.42mi
1 Blu Harbor Blvd Redwood City, CA	3.0	1.0–2.0	1181	$7,492	$6.34	1d	12	1.45mi
707 Leahy St Redwood City, CA	1.0	1.0	524	$4,007	$7.64	1d	3	1.47mi

Listing history 20 events

1. 2026-06-18
   days on market $239,000 Active 31 DOM
2. 2026-06-17
   days on market $239,000 Active 30 DOM
3. 2026-06-16
   days on market $239,000 Active 29 DOM
4. 2026-06-15
   days on market $239,000 Active 28 DOM
5. 2026-06-13
   days on market $239,000 Active 26 DOM
6. 2026-06-13
   days on market $239,000 Active 25 DOM
7. 2026-06-09
   days on market $239,000 Active 22 DOM
8. 2026-06-08
   days on market $239,000 Active 21 DOM
9. 2026-06-07
   days on market $239,000 Active 20 DOM
10. 2026-06-04
    days on market $239,000 Active 17 DOM
11. 2026-06-03
    days on market $239,000 Active 16 DOM
12. 2026-06-02
    days on market $239,000 Active 15 DOM
13. 2026-06-01
    days on market $239,000 Active 14 DOM
14. 2026-05-31
    days on market $239,000 Active 13 DOM
15. 2026-05-18
    listed $239,000 Active 626-char remark

    Show marketing remark (626 chars)

    Welcome to this lovely and well-maintained 2-bedroom, 1-bathroom home in Redwood City community of Redwood States. The home features a spacious living room, kitchen with granite counter, plenty of natural lighting, laminated flooring throughout the house, double pane windows, and a nice private outdoor BBQ area. The home offers an indoor laundry area and a covered carport for 3 cars. Perfect for first-time buyers or downsizers. Just minutes from highway 101, 84, major tech companies such as Facebook and Google, Stanford University, top hospitals. Own this great home instead of renting! You will love this charming home!

16. 2026-05-18
    listed $239,000 Active 626-char remark

    Show marketing remark (626 chars)

    Welcome to this lovely and well-maintained 2-bedroom, 1-bathroom home in Redwood City community of Redwood States. The home features a spacious living room, kitchen with granite counter, plenty of natural lighting, laminated flooring throughout the house, double pane windows, and a nice private outdoor BBQ area. The home offers an indoor laundry area and a covered carport for 3 cars. Perfect for first-time buyers or downsizers. Just minutes from highway 101, 84, major tech companies such as Facebook and Google, Stanford University, top hospitals. Own this great home instead of renting! You will love this charming home!

17. 2009-01-21
    soldstatus $55,000 Sold 136-char remark

    Show marketing remark (136 chars)

    Nice two bedroom one bath affordable housing - newer roof -- pleasant relaxing enclosed patio area with Koi fish pond. Motivated seller.

18. 2009-01-10
    historical 136-char remark

    Show marketing remark (136 chars)

    Nice two bedroom one bath affordable housing - newer roof -- pleasant relaxing enclosed patio area with Koi fish pond. Motivated seller.

19. 2008-11-24
    price $62,500 136-char remark

    Show marketing remark (136 chars)

    Nice two bedroom one bath affordable housing - newer roof -- pleasant relaxing enclosed patio area with Koi fish pond. Motivated seller.

20. 2008-11-19
    listed $72,000 136-char remark

    Show marketing remark (136 chars)

    Nice two bedroom one bath affordable housing - newer roof -- pleasant relaxing enclosed patio area with Koi fish pond. Motivated seller.

ⓘ 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 · 89% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 14 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: $48,486
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$6,314
• − Repairs & maintenance: −$3,879
• − Management: −$3,879
• − Depreciation: −$6,953
• Taxable income: $10,489
• Est. tax owed @ 24.0%: −$2,517
• After-tax cash flow: $10,848/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

+231.9% since first listed

6 events — show timeline

• 2026-05-18 Listed $239,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-18 Listed $239,000 MLSListings
• 2009-01-21 Sold (MLS) $55,000 MLSListings
• 2009-01-10 Listing Removed — MLSListings
• 2008-11-24 Price Changed $62,500 MLSListings
• 2008-11-19 Listed $72,000 MLSListings