15428 Tulsa St #28 · Los Angeles, CA 91345

$219,995

2 bd · 2.0 ba · 1,120 sqft · Manufactured · 3 Days on market

Built 1994 Fair condition Est $211k · 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 +9.2/10.0
• ARV discount +5.5/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Bermuda Mobile Home park is a gated community with a very nice clubhouse and pool. It is also very conveniently located near the 118 fwy and restaurants. This home boasts vaulted ceilings, a fireplace, a very large main bedroom with ensuite bathroom with a separate shower and bathtub. It also has a roomy walk-in closet. There is a Big laundry room with storage cabinets. The garbage disposal and microwave are about one year old. Outside there is a lemon tree and a new front patio and steps. The home has just been repainted inside and looks great.

Key facts

• Community pool
• Built 1994
• Listed 2 days

Property features AI

Finance

• Other: Park name: Bermuda
• HOA & community: Senior community; Manager approval required; Pets allowed; Monthly land lease of $1,100

Exterior

• Parking: Located in Bermuda park
• Utilities: Public sewer; District/public water
• Home design: Single-story; Mobile home remains on site; Mobile dimensions approximately 20' x 56'; Located in a senior community
• Construction: Year built per public records
• Exterior features: Front porch; Community pool; Sidewalks; Rectangular lot shape

Interior

• Kitchen: Microwave; Dishwasher
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (furnace); Central cooling
• Interior features: One-level home; Front or back door entry; Porch at front entry
• Laundry & utility: Washer included; Dryer included; Washer hookup; Gas dryer hookup; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $220k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $943 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Cap rate 11.4% vs local median 2.1% in Los Angeles — 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 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 32 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• This rent runs 40% of the median local income ($94k/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.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $62k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

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 $219,995

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.42% ✓
• Cap rate: 11.44%
• Cash-on-cash: 18.37%
• DSCR: 1.82
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $210,560
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10811 Columbus #26	0.26mi	2/2.0	1,056 (-6%)	6mo	$150,000	$142	74
2 Donna Way	0.29mi	3/2.0 (+1)	1,076 (-4%)	3mo	$160,000	$149	72
9 Donna Way	0.25mi	2/2.0	1,040 (-7%)	6mo	$167,500	$161	72
25 Katy Ln	0.23mi	3/2.0 (+1)	1,196 (+7%)	2mo	$220,000	$184	71
15414 Mankato St #42	0.03mi	2/2.0	1,040 (-7%)	20mo	$200,000	$192	70
15482 Jonfin St #56	0.06mi	2/2.0	1,040 (-7%)	19mo	$215,000	$207	69
1 Katy Ln	0.18mi	2/2.0	1,040 (-7%)	18mo	$220,000	$212	64
11024 Peach Ave #137	0.17mi	3/2.0 (+1)	1,248 (+11%)	8mo	$285,000	$228	61
10 Carolyn Way	0.22mi	2/2.0	1,040 (-7%)	24mo	$165,000	$159	58
15300 Brand Blvd. #8 Katy Ln Blvd #8	0.26mi	2/2.0	1,040 (-7%)	23mo	$195,000	$188	57

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.1%
• Equity multiple: 1.40×
• Total profit: $24,453
• Equity at exit: $32,802

10-year hold

• IRR: 19.2%
• Equity multiple: 2.60×
• Total profit: $98,815
• Equity at exit: $19,021

Cash invested: $61,599 (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 Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 91345

• Active inventory: 32
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $3,118 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$655
• Net cashflow: $943

Break-even live

Break-even rent $1,924

Max offer price $219,995

Occupancy floor 65%

Sensitivity live

Price	-10% $1,095	-5% $1,019	+0% $943	+5% $867	+10% $791
Rent	-10% $697	-5% $820	+0% $943	+5% $1,066	+10% $1,189
Rate	-1.0pp $1,054	-0.5pp $999	base $943	+0.5pp $886	+1.0pp $828

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: $54,999
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15418 Bermuda St Mission Hills, CA	2.0	2.0	960	$2,895	$3.02	44d	1	0.12mi
15444 Chatsworth St Mission Hills, CA	1.0	1.0	980	$1,795	$1.83	15d	1	0.33mi
10839 Burnet Ave Mission Hills, CA	3.0	1.0	912	$3,500	$3.84	44d	1	0.43mi
10838 Dempsey Ave Granada Hills, CA	3.0	2.0	1226	$3,850	$3.14	2d	1	0.46mi
15236 Kingsbury St Mission Hills, CA	3.0	2.0	1200	$3,500	$2.92	5d	1	0.48mi
11326 Haskell Ave Granada Hills, CA	1.0	1.0	800	$2,500	$3.12	44d	1	0.63mi
16014 Horace St Granada Hills, CA	3.0	2.0	1264	$3,900	$3.09	44d	1	0.68mi
15106 San Jose St Mission Hills, CA	3.0	2.0	1354	$3,650	$2.70	44d	1	0.72mi
11140 Gaviota Ave Granada Hills, CA	2.0	2.5	1191	$3,000	$2.52	22d	1	0.82mi
16122 San Fernando Mission Blvd Unit B Granada Hills, CA	2.0	2.0	800	$3,100	$3.88	3d	1	0.84mi
15654 Hillview Ln #18 Granada Hills, CA	3.0	3.0	1474	$3,600	$2.44	44d	1	0.84mi
10140 Sepulveda Blvd Mission Hills, CA	2.0	1.0	675	$2,288	$3.39	8d	3	0.98mi
10849 Swinton Ave Granada Hills, CA	2.0	2.0	1190	$3,100	$2.61	11d	1	0.98mi
15633 Odyssey Dr #56 Granada Hills, CA	3.0	3.5	1460	$3,975	$2.72	8d	1	1.01mi
15544 Romar St Mission Hills, CA	2.0	1.0	714	$3,250	$4.55	44d	1	1.01mi
15544 Romar St Mission Hills, CA	2.0	1.0	718	$3,250	$4.53	8d	1	1.01mi
10310 Montgomery Ave Granada Hills, CA	2.0	1.0	700	$2,800	$4.00	44d	1	1.05mi
16001 Tuba St North Hills, CA	3.0	2.0	1275	$4,100	$3.22	44d	1	1.08mi
10101 Memory Park Ave Mission Hills, CA	3.0	2.0	1437	$3,700	$2.57	8d	1	1.08mi
16041 Devonshire St Granada Hills, CA	3.0	2.0	1433	$3,500	$2.44	44d	1	1.08mi
15853 Romar St North Hills, CA	3.0	2.0	1264	$4,300	$3.40	25d	1	1.11mi
15853 Romar St North Hills, CA	3.0	2.0	1264	$4,100	$3.24	44d	1	1.11mi
16136 Devonshire St Granada Hills, CA	3.0	2.0	912	$4,136	$4.54	45d	1	1.18mi
10018 Aqueduct Ave North Hills, CA	1.0	1.0	712	$2,400	$3.37	13d	1	1.19mi
16404 Donmetz St Granada Hills, CA	3.0	2.0	1212	$4,000	$3.30	44d	1	1.19mi
10623 Stanwin Ave Mission Hills, CA	1.0	1.5	777	$2,200	$2.83	8d	1	1.20mi
10027 Noble Ave Mission Hills, CA	3.0	2.5	1150	$3,800	$3.30	44d	1	1.22mi
15857 Stare St North Hills, CA	2.0	2.0	700	$2,600	$3.71	44d	1	1.22mi
15447 Septo St Mission Hills, CA	2.0	2.0	900	$3,000	$3.33	8d	1	1.24mi
14934 Mayall St Mission Hills, CA	3.0	2.0	1500	$4,250	$2.83	44d	1	1.25mi
11543 Swinton Ave Granada Hills, CA	3.0	2.0	1406	$4,500	$3.20	3d	1	1.26mi
11356 Acala Ave Unit 11358 San Fernando, CA	1.0	1.0	720	$1,900	$2.64	44d	1	1.27mi
16255 Devonshire St #7 Granada Hills, CA	2.0	2.0	1085	$3,250	$3.00	44d	1	1.28mi
1314 Omelveny Ave San Fernando, CA	2.0	1.0	1100	$2,600	$2.36	44d	1	1.30mi
16512 San Fernando Mission Blvd Granada Hills, CA	2.0	2.0	800	$3,200	$4.00	44d	1	1.32mi
16514 San Fernando Mission Blvd Granada Hills, CA	3.0	2.5	1200	$3,800	$3.17	44d	1	1.32mi
16140 Mayall St North Hills, CA	3.0	2.0	1200	$3,750	$3.12	44d	1	1.36mi
10931 Hayvenhurst Ave Granada Hills, CA	2.0	2.5	1200	$3,400	$2.83	19d	1	1.42mi
16552 Kalisher St Granada Hills, CA	3.0	3.0	1200	$4,100	$3.42	44d	1	1.49mi

Listing history 12 events

1. 2026-06-18
   days on market $219,995 Active 3 DOM
2. 2026-06-17
   days on market $219,995 Active 2 DOM
3. 2026-06-16
   remarks 551-char remark
4. 2026-06-16
   statusdays on market $219,995 Active 1 DOM
5. 2026-06-15
   days on market $219,995 Coming Soon 13 DOM
6. 2026-06-13
   days on market $219,995 Coming Soon 11 DOM
7. 2026-06-09
   days on market $219,995 Coming Soon 7 DOM
8. 2026-06-08
   days on market $219,995 Coming Soon 6 DOM
9. 2026-06-07
   days on market $219,995 Coming Soon 5 DOM
10. 2026-06-04
    days on market $219,995 Coming Soon 2 DOM
11. 2026-06-03
    remarks 494-char remark
12. 2026-06-03
    listed $219,995 Coming Soon 1 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 6/10 Major 7 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 10 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,416
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,993
• − Management: −$2,993
• − Depreciation: −$6,400
• Taxable income: $8,307
• Est. tax owed @ 24.0%: −$1,994
• After-tax cash flow: $9,321/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 · 12 photos

Fair 45/100 Cosmetic rehab

This home is in fair condition with cosmetic repairs needed. It has potential for significant value increase with updates to the exterior, kitchen, and bathroom.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Bathroom fixtures — Dated appearance
• Minor Exterior paint — Siding appears intact but could use a fresh coat
• Major Carpet — Worn and dirty appearance

Value-add opportunities

• Both Paint exterior siding — Fresh paint can improve curb appeal and home value
• Both Replace worn kitchen cabinets — New cabinets can improve functionality and aesthetics
• Both Replace worn carpet — New carpet can improve comfort and home value
• Both Replace dated bathroom fixtures — New fixtures can improve functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Minor	$500–3,000
Bathroom fixtures · Dated appearance	Minor	$500–3,000
Exterior paint · Siding appears intact but could use a fresh coat	Minor	$500–3,000
Carpet · Worn and dirty appearance	Major	$15,000–50,000
Total estimated repair cost · 4 items		$16,500–59,000

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can improve curb appeal and home value ↑
• Both Replace worn kitchen cabinets — New cabinets can improve functionality and aesthetics ↑
• Both Replace worn carpet — New carpet can improve comfort and home value ↑
• Both Replace dated bathroom fixtures — New fixtures can improve functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 18,714
• Household income: $94,215
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 626.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 21% White 18% Asian 11% Black 3% Native American 2%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Dutch 1% Romanian 1%
• Foreign-born: 39% · Canada, South Korea, Vietnam
• Languages at home: 31% English-only · Spanish 56% Tagalog/Filipino 4% Other Indo-European 4%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -703.63%
• Current HPI: 465.0646
• Rent YoY: —
• 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

1 event — show timeline

• 2026-06-03 Coming Soon $219,995 CRMLS