1400 S Sunkist St #46 · Anaheim, CA 92806

$359,000

3 bd · 2.0 ba · 1,500 sqft · Manufactured · 65 Days on market

Built 2026

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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 +22.1/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.8/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

WOW GORGEOUS INSIDE AND OUTSIDE!! Step into this, BRAND NEW 2026 Manufactured Home it Featuring 3 bedrooms, 2 baths a dining area and a separate laundry room with an Open Floor Concept. This Home its Located in a Senior COMMUNITY IN ORANGE COUNTY. Perfect Located close from Disneyland, Angel Stadium, Yorba Regional Park, Horse Trails nearby, but not a touristy area still very peaceful and quiet! Once inside, you’re greeted by 9-foot ceilings, a skylight that fills the home with natural light, recessed lighting in living room and kitchen, ceiling fans and Central Heating and Air conditioning that keeps you comfortable year-round. Kitchen featuring luxurious quartz countertops, a Gorge

Key facts

• 3 garage spots
• Community pool
• Built 2026

Property features AI

Finance

• Other: Manager approval required
• Financial info: Land lease applies
• HOA & community: Senior community; Sunkist Gardens Mobile Home Park; Park amenities include pool and clubhouse

Exterior

• Parking: Total of 6 parking spaces; 3 covered carport spaces; 3 garage spaces
• Utilities: Public sewer; District/Public water
• Home design: Single-story mobile home (double body); Limited Series model; Turnkey condition; Front door entry; 58' x 27' mobile dimensions; Faces front (entry at front door)
• Construction: Shingle roof; Drywall walls; Built as a single-story unit; Year built recorded in public records
• Exterior features: Front and rear porches; Deck; Brick accents; Awning; Has patio; Community pool; Park nearby; Close to clubhouse

Interior

• Kitchen: Energy Star appliances; Built-in range; Microwave; Refrigerator; Dishwasher; Garbage disposal; Walk-in pantry; Self-closing cabinet doors; Quartz counters
• Bedrooms: Entry on first level (single-story home)
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms with bathtub and shower; Quartz counters in bathrooms
• Heating & cooling: Central heating (furnace); Central cooling
• Interior features: Quartz counters throughout; High (9'+) ceilings; Ceiling fan; Pantry; Recessed lighting; Open floor plan; Coffered ceilings; Double pane windows; Skylights; Energy Star windows; Blinds; Community spa access
• Laundry & utility: Indoor laundry in a dedicated room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $359k.

Deal economics

• At list price, monthly cash flow is $579 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $359k).
• Recommended offer: $337k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.1% in Anaheim — 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 70/100 on livability (#240 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, crime F, cost of living F.
• Anaheim Elementary (urban): math 25% / reading 25% proficiency, ranked #386 of 517 in CA (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.8%/yr); 41 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
• At $3,873/mo this rent would consume 48% of the median local household income ($97k/yr) (locally 2171% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($337k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $337,460 (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. 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: 1.08% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.91%
• DSCR: 1.31
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $168,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1400 S Sunkist #80	0.00mi	2/2.0 (-1)	1,690 (+13%)	1mo	$189,900	$112	73
1400 S Sunkist St #163	0.00mi	2/2.0 (-1)	1,680 (+12%)	14mo	$153,000	$91	64

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.68×
• Total profit: $-32,618
• Equity at exit: $53,528

10-year hold

• IRR: -4.3%
• Equity multiple: 0.76×
• Total profit: $-24,582
• Equity at exit: $31,040

Cash invested: $100,520 (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 92806

• Rents YoY: -0.8%
• Active inventory: 41
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $3,873 high
• Mortgage (P&I): −$1,883
• Tax est. 1.5%: −$449 /mo · $5,385/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$813
• Net cashflow: $579

Break-even live

Break-even rent $3,140

Max offer price $359,000

Occupancy floor 80%

Sensitivity live

Price	-10% $827	-5% $703	+0% $579	+5% $454	+10% $330
Rent	-10% $273	-5% $426	+0% $579	+5% $731	+10% $884
Rate	-1.0pp $759	-0.5pp $670	base $579	+0.5pp $485	+1.0pp $391

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: $89,750
• Closing costs: $10,770
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2100 E Katella Ave Anaheim, CA	1.0–2.0	2.0	1205	$3,810	$3.16	0d	7	0.81mi
1801 E Katella Ave Anaheim, CA	1.0–2.0	1.0–2.0	911	$3,075	$3.37	23d	6	0.84mi
1801 E Katella Ave Anaheim, CA	1.0–2.0	1.0–2.0	919	$3,000	$3.26	0d	3	0.84mi
1801 E Katella Ave Anaheim, CA	1.0–2.0	1.0–2.0	911	$3,075	$3.37	25d	4	0.84mi
1801 E Katella Ave Anaheim, CA	1.0–2.0	1.0–2.0	911	$3,075	$3.37	2d	4	0.84mi
1818 S State College Blvd Anaheim, CA	1.0–2.0	1.0–2.0	1033	$3,280	$3.17	0d	13	0.90mi
987 E Mason Ln #129 Anaheim, CA	3.0	2.5	1967	$4,500	$2.29	18d	1	1.00mi
1730 Anaheim, CA	4.0	3.5	2102	$5,500	$2.62	0d	1	1.00mi
977 E Mason Ln #116 Anaheim, CA	3.0	2.5	1967	$4,300	$2.19	16d	1	1.04mi
1912 S Jacaranda St Anaheim, CA	3.0	1.0–2.0	993	$4,731	$4.76	0d	21	1.11mi
1676 S Lewis St Anaheim, CA	3.0	2.5	1821	$5,200	$2.86	0d	1	1.14mi
1690 S Lewis St Anaheim, CA	3.0	2.5	1772	$12,000	$6.77	0d	1	1.15mi
1893 S Union St #120 Anaheim, CA	3.0	2.0	1700	$3,950	$2.32	22d	1	1.16mi
1815 S Westside Dr Anaheim, CA	2.0	1.0–2.5	1033	$3,995	$3.87	0d	28	1.17mi
1910 S Union St Anaheim, CA	2.0	1.0–2.0	1135	$3,802	$3.35	0d	19	1.17mi
1891 S Union St #111 Anaheim, CA	2.0	2.0	1599	$3,900	$2.44	0d	1	1.17mi
1921 S Union St Anaheim, CA	3.0	1.0–2.0	962	$4,392	$4.57	0d	17	1.23mi
2221 E Viking Ave Anaheim, CA	3.0	2.0	1470	$4,450	$3.03	0d	1	1.27mi
1817 E Morava Ave Anaheim, CA	3.0	2.0	1616	$4,350	$2.69	5d	1	1.29mi
299 N State College Blvd Orange, CA	2.0	1.0–2.0	1006	$4,805	$4.78	0d	74	1.45mi

Listing history 17 events

1. 2026-06-21
   days on market $359,000 Active 65 DOM
2. 2026-06-18
   days on market $359,000 Active 62 DOM
3. 2026-06-17
   days on market $359,000 Active 61 DOM
4. 2026-06-16
   days on market $359,000 Active 60 DOM
5. 2026-06-15
   days on market $359,000 Active 59 DOM
6. 2026-06-13
   days on market $359,000 Active 57 DOM
7. 2026-06-13
   days on market $359,000 Active 56 DOM
8. 2026-06-09
   days on market $359,000 Active 53 DOM
9. 2026-06-08
   days on market $359,000 Active 52 DOM
10. 2026-06-07
    days on market $359,000 Active 51 DOM
11. 2026-06-04
    days on market $359,000 Active 48 DOM
12. 2026-06-03
    days on market $359,000 Active 47 DOM
13. 2026-06-02
    days on market $359,000 Active 46 DOM
14. 2026-06-01
    days on market $359,000 Active 45 DOM
15. 2026-05-31
    days on market $359,000 Active 44 DOM
16. 2026-04-17
    listed $359,000 Active
17. 2026-04-16
    historical $359,000

ⓘ 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 X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥94°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 12 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,473
• − Mortgage interest: −$20,110
• − Property taxes: −$5,385
• − Insurance: −$1,795
• − Repairs & maintenance: −$3,718
• − Management: −$3,718
• − Depreciation: −$10,444
• Taxable income: $1,304
• Est. tax owed @ 24.0%: −$313
• After-tax cash flow: $6,629/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: Anaheim Elementary
• NCES district ID: 0602610
• Math proficiency: 25% ▼ -3.00%
• Reading proficiency: 25% ▼ -9.00%
• Median HH income: $55,235
• Composite: 22.56/100
• National rank: #8078
• State rank: #386 of 517 in CA

Livability — Anaheim

• Score: 70/100
• State rank: #240
• US rank: #7861

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anaheim, CA
• County: Orange County · 3,096,323 people
• City population: 361,715
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 41,003
• Household income: $97,265
• Rent vs Own: 59.2% rent · 40.8% own
• Severe rent burden: 2171.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 58% Two or more races 25% White 24% Asian 13% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 54%
• Common ancestry: Portuguese 1% Lithuanian 1% Scandinavian 1%
• Foreign-born: 31% · Canada, Vietnam, China
• Languages at home: 43% English-only · Spanish 44% Vietnamese 3% Other Indo-European 3%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -783.76%
• Current HPI: 404.0916
• Rent YoY: ▼ -0.79%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-17 Listed $359,000 CRMLS
• 2026-04-16 Coming Soon $359,000 CRMLS

Property tax history

-1.3%/yr

Latest (2025): $138 · +3.4% YoY. Source: county tax records.