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1441 Paso Real Ave #218
B+ Composite 77.34
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 +14.5/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +5.9/10.0
  • Rent growth +5.0/5.0
  • Condition / age +3.8/5.0
  • Appreciation +2.5/10.0
  • Livability +2.5/5.0
  • Manufactured-home adj. -6.7

$185,000

1441 Paso Real Ave #218 · Rowland Heights, CA 91748
4 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 111 Days on market
Manufactured home Built 1972 Good condition 3,500 sqft lot $128/sqft · 15% below area Est $219k · 15% under

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

Listing remarks MLS

It's located near the rear of the park —1440 square feet with 4 nice size bedrooms. The kitchen is open to the living room. Newer wood flooring. The long carport can park 3-cars. Motivated seller! We will consider all reasonable offers.

Key facts

  • 3,500 sq ft lot
  • Community pool
  • Built 1972

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 4-bed/2.0-bath manufactured listed at $185k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $1k ($14k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $185k).
  • Recommended offer: $168k (9.0% below list) — sets the bar for market timing.
  • Cap rate 13.9% vs local median 2.5% in Rowland Heights — 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 50/100 on livability (#1,123 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A; Watch: crime C-, amenities F, commute F.
  • Rowland Unified (suburban): math 40% / reading 62% proficiency, ranked #134 of 517 in CA (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Jellick Elementary (382 students, 82% FRL); Alvarado Intermediate (648 students, 73% FRL); John A. Rowland High (math 49% / reading 68%, grade C, #223 of 1,170 statewide, top 19%, 2,025 students, 67% FRL) — zoned schools average 74% FRL vs 56% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+10.3%/yr); 108 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 67d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 77% 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 42% of the median local income ($83k/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 $6k 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 + 8.0% rent growth), your $52k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 111 days — a 9% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 2y ago; this cycle's ask has dropped $13k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $168,350 (9.0% below list)

Questions for the listing agent

  1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% 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. 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
1.56%
Cap rate
13.95%
Cash-on-cash
27.34%
DSCR
2.22
GRM
5.3

CMA / ARV

ARV (median comp)
$218,900
List price
$185,000
Delta
-15.49%
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
1441 Paso Real Ave #246 0.00mi 4/3.0 1,440 (0%) 2mo $210,000 $146 94
1441 S Paso Real Ave #27 0.00mi 4/2.0 1,440 (0%) 7mo $195,000 $135 94
1441 Paso Real Ave #327 0.00mi 3/2.0 (-1) 1,440 (0%) 3mo $200,000 $139 93
1441 Paso Real Ave #203 0.00mi 4/2.0 1,493 (+4%) 5mo $230,000 $154 90
1441 Paso Real Ave #255 0.00mi 3/2.0 (-1) 1,440 (0%) 9mo $193,000 $134 87
1441 Paso Real Ave #119 0.00mi 3/2.0 (-1) 1,392 (-3%) 6mo $220,000 $158 85
1441 S Paso Real Ave #156 0.00mi 4/2.0 1,308 (-9%) 2mo $185,000 $141 84
1441 Paso Real #312 0.00mi 3/2.0 (-1) 1,536 (+7%) 1mo $190,000 $124 83
1441 Paso Real Ave #271 0.09mi 5/4.0 (+1) 1,440 (0%) 7mo $238,000 $165 77
1560 Otterbein Ave #12 0.56mi 3/2.0 (-1) 1,414 (-2%) 6mo $365,000 $258 61
1560 S Otterbein Ave #113 0.56mi 3/2.0 (-1) 1,568 (+9%) 5mo $308,000 $196 50
1560 S Otterbein Ave #122 0.56mi 3/2.0 (-1) 1,620 (+12%) 1mo $300,000 $185 47

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 · 8.0% rent growth · sell at horizon

5-year hold
IRR
26.5%
Equity multiple
2.17×
Total profit
$60,428
Equity at exit
$27,584
10-year hold
IRR
36.9%
Equity multiple
5.22×
Total profit
$218,760
Equity at exit
$15,995

Cash invested: $51,800 (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
18 active · 10 under contract
Months of supply
9.8 mo (10%/mo absorbed)
Median asking
$199,994 ($156/sqft)
Median days on market
79 d
This list price
17% of active listings are priced below it
ARV vs active asking
-2.7% vs current asking $/sqft

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

ZIP-level market 91748

Rents YoY
10.3%
Active inventory
108
Price-to-rent
5.3×

Monthly cashflow live

Estimated rent
$2,893 high interval (Pro) →
Mortgage (P&I)
$970
Tax from tax record
$58 /mo · $697/yr
Insurance
$77
HOA
$0
Lot rent leased land?
$0
Vacancy / Maint / Mgmt
$608
Net cashflow
$1,180

Break-even live

Break-even rent $1,399
Max offer price $185,000
Occupancy floor 54%

Sensitivity live

Price -10% $1,285 -5% $1,233 +0% $1,180 +5% $1,128 +10% $1,076
Rent -10% $952 -5% $1,066 +0% $1,180 +5% $1,295 +10% $1,409
Rate -1.0pp $1,274 -0.5pp $1,227 base $1,180 +0.5pp $1,132 +1.0pp $1,084

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
$46,250
Closing costs
$5,550
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 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1620 Greenport Ave Unit A Rowland Heights, CA 4.0 2.0 1313 $3,550 $2.70 25d 1 0.11mi
1620 Greenport Ave Rowland Heights, CA 4.0 2.0 1313 $3,300 $2.51 10d 1 0.11mi
18617 Trot Ave Rowland Heights, CA 3.0 2.0 1251 $3,350 $2.68 66d 1 0.33mi
1809 Paso Real Ave Rowland Heights, CA 4.0 2.0 1259 $3,500 $2.78 73d 1 0.33mi
1808 Santa Ysabela Dr Rowland Heights, CA 4.0 2.0 1175 $3,500 $2.98 70d 1 0.41mi
1810 Jellick Ave Rowland Heights, CA 5.0 3.5 1630 $4,800 $2.94 40d 1 0.46mi
1316 Raleo Ave Rowland Heights, CA 4.0 2.0 1200 $5,000 $4.17 64d 1 0.52mi
18417 Santar St Rowland Heights, CA 4.0 2.0 1142 $3,300 $2.89 66d 1 0.52mi
19231 Tranbarger St Rowland Heights, CA 3.0 2.0 1170 $3,200 $2.74 93d 1 0.62mi
18573 Farjardo St Rowland Heights, CA 3.0 2.0 1300 $3,750 $2.88 93d 1 0.74mi
18658 Mescalero St Rowland Heights, CA 3.0 2.0 1352 $3,800 $2.81 71d 1 0.78mi
19319 Pilario St Rowland Heights, CA 4.0 2.0 1480 $3,750 $2.53 93d 1 0.80mi
2240 Electra Ave Rowland Heights, CA 3.0 2.0 1256 $3,200 $2.55 30d 1 0.99mi
2415 Los Padres Dr Rowland Heights, CA 3.0 2.0 1120 $3,300 $2.95 66d 1 1.00mi
2243 Otterbein Ave Rowland Heights, CA 3.0 2.0 1286 $3,600 $2.80 93d 1 1.01mi
18626 Barroso St Rowland Heights, CA 3.0 2.0 1446 $3,600 $2.49 19d 1 1.04mi
18626 Barroso St Rowland Heights, CA 3.0 2.0 1446 $3,890 $2.69 52d 1 1.04mi
19530 Springport Dr Rowland Heights, CA 5.0 2.0 1600 $3,499 $2.19 93d 1 1.12mi
4037 S Ellesford Ave West Covina, CA 4.0 2.0 1790 $4,195 $2.34 14d 1 1.13mi
1862 Hollandale Ave Rowland Heights, CA 4.0 2.0 1588 $4,250 $2.68 66d 1 1.13mi
18448 La Guardia St Rowland Heights, CA 4.0 2.0 1386 $6,900 $4.98 0d 1 1.15mi
19358 Alcona St Rowland Heights, CA 4.0 2.0 1613 $3,950 $2.45 93d 1 1.16mi
18814 Elizondo St La Puente, CA 3.0 2.0 1268 $3,800 $3.00 4d 1 1.17mi
684 Panorama Ln La Puente, CA 3.0 3.5 1683 $3,600 $2.14 70d 1 1.17mi
684 Panorama Ln La Puente, CA 3.0 3.5 1683 $3,600 $2.14 66d 1 1.17mi
2143 Arcdale Ave Rowland Heights, CA 3.0 2.0 1386 $3,500 $2.53 73d 1 1.20mi
19307 Oakview Ln Rowland Heights, CA 4.0 2.0 1789 $3,850 $2.15 93d 1 1.26mi
2454 Hillman Ln Rowland Heights, CA 3.0 2.5 1506 $3,800 $2.52 93d 1 1.39mi
2448 Cuatro Dr Rowland Heights, CA 4.0 2.0 1559 $3,850 $2.47 8d 1 1.45mi
2640 Batson Ave Unit A La Puente, CA 4.0 2.0 1800 $3,600 $2.00 43d 1 1.45mi

Property features AI

Finance

Other
Lot size source estimatedLiving area source: assessor's data
Financial info
Annual land lease payment (seller-reported)
HOA & community
Part of an associationManager approval requiredPets allowedLand lease in place

Exterior

Parking
Attached carportLocated in Rowland Estate park
Utilities
Public sewerDistrict/public water
Home design
Single-story mobile home (model: Royal Moarch)Mobile home remains on siteEntry on ground level
Construction
Pier jacks foundationMobile dimensions approximately 24 ft wide by 60 ft long
Exterior features
Community poolSidewalksFlag-shaped lot

Interior

Kitchen
Dishwasher
Flooring
Laminated flooring
Bathrooms
Two full bathrooms
Heating & cooling
Central heating (furnace)Central cooling
Interior features
One-level homeGround-level entry with stepsIn-ground spa
Laundry & utility
Washer/dryer hookups with gas and electric dryer connections

Listing history 50 events

  1. 2026-08-08
    days on market $185,000 Active 111 DOM
  2. 2026-08-06
    days on market $185,000 Active 109 DOM
  3. 2026-08-05
    days on market $185,000 Active 108 DOM
  4. 2026-08-04
    days on market $185,000 Active 107 DOM
  5. 2026-08-03
    days on market $185,000 Active 106 DOM
  6. 2026-07-31
    days on market $185,000 Active 103 DOM
  7. 2026-07-30
    days on market $185,000 Active 101 DOM
  8. 2026-07-28
    days on market $185,000 Active 100 DOM
  9. 2026-07-26
    days on market $185,000 Active 98 DOM
  10. 2026-07-24
    days on market $185,000 Active 96 DOM
  11. 2026-07-23
    days on market $185,000 Active 95 DOM
  12. 2026-07-22
    price $185,000 Active 94 DOM
  13. 2026-07-22
    days on market $189,000 Active 94 DOM
  14. 2026-07-21
    days on market $189,000 Active 93 DOM
  15. 2026-07-20
    days on market $189,000 Active 92 DOM
  16. 2026-07-18
    days on market $189,000 Active 90 DOM
  17. 2026-07-18
    days on market $189,000 Active 89 DOM
  18. 2026-07-16
    days on market $189,000 Active 88 DOM
  19. 2026-07-15
    days on market $189,000 Active 87 DOM
  20. 2026-07-14
    days on market $189,000 Active 86 DOM
  21. 2026-07-13
    days on market $189,000 Active 85 DOM
  22. 2026-07-13
    days on market $189,000 Active 84 DOM
  23. 2026-07-11
    days on market $189,000 Active 83 DOM
  24. 2026-07-10
    days on market $189,000 Active 82 DOM
  25. 2026-07-09
    days on market $189,000 Active 81 DOM
  26. 2026-07-07
    days on market $189,000 Active 79 DOM
  27. 2026-07-06
    days on market $189,000 Active 78 DOM
  28. 2026-07-06
    days on market $189,000 Active 77 DOM
  29. 2026-07-05
    days on market $189,000 Active 76 DOM
  30. 2026-07-03
    days on market $189,000 Active 75 DOM
  31. 2026-07-02
    days on market $189,000 Active 74 DOM
  32. 2026-07-01
    days on market $189,000 Active 73 DOM
  33. 2026-06-30
    days on market $189,000 Active 72 DOM
  34. 2026-06-29
    days on market $189,000 Active 71 DOM
  35. 2026-06-28
    days on market $189,000 Active 70 DOM
  36. 2026-06-27
    days on market $189,000 Active 69 DOM
  37. 2026-06-26
    days on market $189,000 Active 68 DOM
  38. 2026-06-24
    days on market $189,000 Active 66 DOM
  39. 2026-06-22
    days on market $189,000 Active 64 DOM
  40. 2026-06-21
    days on market $189,000 Active 63 DOM
  41. 2026-06-18
    days on market $189,000 Active 60 DOM
  42. 2026-06-17
    days on market $189,000 Active 59 DOM
  43. 2026-06-16
    days on market $189,000 Active 58 DOM
  44. 2026-06-15
    days on market $189,000 Active 57 DOM
  45. 2026-06-13
    days on market $189,000 Active 55 DOM
  46. 2026-06-13
    remarks 94-char remark
  47. 2026-06-13
    days on market $189,000 Active 54 DOM
  48. 2026-06-09
    days on market $189,000 Active 51 DOM
  49. 2026-06-08
    days on market $189,000 Active 50 DOM
  50. 2026-06-07
    days on market $189,000 Active 49 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$697 · $58/mo
Projected year-2 tax
$1,406 · $117/mo
Expected delta
+$709/yr (+$59/mo · 101.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥99°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 14 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
$34,719
− Mortgage interest
−$10,363
− Property taxes
−$697
− Insurance
−$925
− Repairs & maintenance
−$2,778
− Management
−$2,778
− Depreciation
−$5,382
Taxable income
$11,798
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,831
After-tax cash flow
$11,333/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

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

This manufactured home is in good condition with cosmetic updates needed to the kitchen and bathrooms. A kitchen and bathroom renovation would significantly increase its value.

Repairs flagged

  • Moderate kitchen cabinets — dated and in need of updating
  • Moderate kitchen countertops — dated and in need of updating
  • Moderate kitchen appliances — dated and in need of updating
  • Moderate bathroom fixtures — dated and in need of updating
  • Moderate bathroom cabinetry — dated and in need of updating

Value-add opportunities

  • Both kitchen renovation — modernizing the kitchen would increase both resale and rental value
  • Both bathroom renovation — modernizing the bathrooms would increase both resale and rental value

ⓘ 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.

D Composite school gradezoned avg 58/100

Zoned Schools

Elementary Jellick Elementary Middle Alvarado Intermediate High John A. Rowland High C CA #223/1,170 Nat'l #3,934/17,239

Schools (NCES district)

District
Rowland Unified
NCES district ID
0633750
Math proficiency
40% ▼ -1.00%
Reading proficiency
62% ▲ 11.00%
Median HH income
$63,667
Composite
44.83/100
National rank
#2733
State rank
#134 of 517 in CA
D Composite livability gradescore 50/100

Livability — Rowland Heights

Score
50/100
State rank
#1123
US rank
#25637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Rowland Heights, CA
County
Los Angeles County · 10,940,515 people
City population
42,463
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
42,463
Household income
$83,428
Rent vs Own
33.4% rent · 66.6% own
Severe rent burden
11% of renters

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
Majority Asian (59%)
Race & ethnicity
Asian 59% Hispanic / Latino 31% Two or more races 6% White 6% Black 1%
Hispanic origin (detail)
Mexican 25%
Foreign-born
55% · China, Canada, South Korea
Languages at home
25% English-only · Chinese 37% Spanish 22% Tagalog/Filipino 5%

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

Price history

+12.5% since first listed
8 events — show timeline
  • 2026-05-27 Price Changed $189,000 CRMLS
  • 2026-04-19 Listed $198,000 CRMLS
  • 2024-11-07 Sold (MLS) $175,000 CRMLS
  • 2024-10-21 Pending CRMLS
  • 2024-10-16 Contingent CRMLS
  • 2024-08-23 Listed $188,000 CRMLS
  • 2024-08-13 Price Changed $188,000 CRMLS
  • 2024-08-13 Coming Soon $168,000 CRMLS

Property tax history

+106.4%/yr

Latest (2025): $697 · +106.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…