4320 Monterey #16 · San Jose, CA 95111

$219,000

2 bd · 1.0 ba · 582 sqft · Manufactured · 37 Days on market

Built 2003 $376/sqft · 20% above area Est $182k · 20% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.9/10.0
• Livability +3.9/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom, 1-bath home offers 582 square feet of living space with practical features throughout. The kitchen includes granite countertops, an oven range, and a dishwasher, providing essential cooking conveniences. Flooring consists of laminate and tile, combining durability and ease of maintenance. The updated bathroom features a tub for added functionality. Central forced air heating and central AC cooling ensure year-round comfort. The dining area is integrated into the living room, creating an open and accessible space for meals. Laundry needs are covered with a washer and dryer included. The property is located within a designated school district. Near flea market , super market , restaurants , stores . Easy access to Freeway 101

Key facts

• Laminate flooring
• Oven range
• Dishwasher

Tags

• GRANITE COUNTERTOPS
• OVEN RANGE
• DISHWASHER
• LAMINATE FLOORING
• TILE FLOORING
• UPDATED BATHROOM

Property features AI

Finance

• Other: Park home on leased land; Property primary ID 494166; Not in an incorporated area
• HOA & community: HOA amenities: other (see remarks); Board approval required; Pets allowed

Exterior

• Parking: Carport (2 spaces); 16 numbered parking space; Assigned space rent $910
• Utilities: Public water; Public sewer; Public utilities; Individual electric meters
• Home design: Single-story
• Exterior features: Composition roof; Leased land (park home site); Assessor-reported lot size

Interior

• Kitchen: Granite countertops; Dishwasher; Oven range
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central forced air heating; Electric heating; Central forced air cooling
• Interior features: Updated bathroom; Tub
• Laundry & utility: Washer and dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $219k.

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 ($3k rent vs $219k).
• Recommended offer: $212k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 1.6% in San Jose — 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 (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Oak Grove Elementary (urban): math 47% / reading 54% proficiency, ranked #339 of 1,400 in CA (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.0%/yr); 65 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• This rent runs 40% of the median local income ($101k/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.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $61k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $68/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.54% ✓
• Cap rate: 12.60%
• Cash-on-cash: 22.54%
• DSCR: 2.00
• GRM: 5.4

CMA / ARV

• ARV (median comp): $182,264
• List price: $219,000
• Delta: 20.16%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4320 Monterey Rd #7	0.02mi	2/1.0	555 (-5%)	10mo	$185,000	$333	83
4320 Monterey Hwy #15	0.02mi	2/1.0	520 (-11%)	12mo	$110,000	$212	72

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 · 1.0% rent growth · sell at horizon

5-year hold

• IRR: 11.4%
• Equity multiple: 1.44×
• Total profit: $26,984
• Equity at exit: $32,654

10-year hold

• IRR: 18.7%
• Equity multiple: 2.41×
• Total profit: $86,527
• Equity at exit: $18,935

Cash invested: $61,320 (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 San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95111

• Rents YoY: 1.0%
• Active inventory: 65
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $3,374 high
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• Flood insurance flood zone: −$68 /mo · $814/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $1,084

Break-even live

Break-even rent $2,002

Max offer price $219,000

Occupancy floor 63%

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4501 Snell Ave San Jose, CA	1.0–2.0	1.0–2.0	903	$3,599	$3.99	1d	18	0.44mi
4300 The Woods Dr San Jose, CA	3.0	1.0–3.5	918	$3,484	$3.80	1d	1	0.46mi
4000 Ellmar Oaks Dr San Jose, CA	1.0–3.0	1.0–2.0	876	$3,828	$4.37	1d	32	0.85mi
5322 Wong Dr San Jose, CA	1.0–2.0	1.0–2.0	800	$3,217	$4.02	1d	3	1.18mi
5210 Monterey Hwy San Jose, CA	1.0	1.0	566	$2,016	$3.56	1d	3	1.33mi

Listing history 21 events

1. 2026-06-18
   days on market $219,000 Active 37 DOM
2. 2026-06-17
   days on market $219,000 Active 36 DOM
3. 2026-06-16
   days on market $219,000 Active 35 DOM
4. 2026-06-15
   days on market $219,000 Active 34 DOM
5. 2026-06-13
   days on market $219,000 Active 32 DOM
6. 2026-06-13
   days on market $219,000 Active 31 DOM
7. 2026-06-09
   days on market $219,000 Active 28 DOM
8. 2026-06-08
   days on market $219,000 Active 27 DOM
9. 2026-06-07
   days on market $219,000 Active 26 DOM
10. 2026-06-05
    days on market $219,000 Active 23 DOM
11. 2026-06-03
    days on market $219,000 Active 22 DOM
12. 2026-06-02
    days on market $219,000 Active 21 DOM
13. 2026-06-01
    days on market $219,000 Active 20 DOM
14. 2026-05-31
    days on market $219,000 Active 19 DOM
15. 2026-05-13
    listed $219,000 Active 749-char remark

    Show marketing remark (749 chars)

    This 2-bedroom, 1-bath home offers 582 square feet of living space with practical features throughout. The kitchen includes granite countertops, an oven range, and a dishwasher, providing essential cooking conveniences. Flooring consists of laminate and tile, combining durability and ease of maintenance. The updated bathroom features a tub for added functionality. Central forced air heating and central AC cooling ensure year-round comfort. The dining area is integrated into the living room, creating an open and accessible space for meals. Laundry needs are covered with a washer and dryer included. The property is located within a designated school district. Near flea market , super market , restaurants , stores . Easy access to Freeway 101

16. 2026-05-13
    listed $219,000 Active 749-char remark

    Show marketing remark (749 chars)

    This 2-bedroom, 1-bath home offers 582 square feet of living space with practical features throughout. The kitchen includes granite countertops, an oven range, and a dishwasher, providing essential cooking conveniences. Flooring consists of laminate and tile, combining durability and ease of maintenance. The updated bathroom features a tub for added functionality. Central forced air heating and central AC cooling ensure year-round comfort. The dining area is integrated into the living room, creating an open and accessible space for meals. Laundry needs are covered with a washer and dryer included. The property is located within a designated school district. Near flea market , super market , restaurants , stores . Easy access to Freeway 101

17. 2024-05-29
    soldstatus $200,000 Sold 1183-char remark

    Show marketing remark (1183 chars)

    Welcome to this charming Westfield mobile home located in the desirable Walnut Mobile Home Park in San Jose, California. This cozy home is approximately 577 square feet and features two bedrooms and one bathroom. The interior and exterior have been painted to give the home a fresh and modern look. This mobile home has a space rent of $890. You can own a home for less than you would pay to rent one. As you enter the home, you will be greeted by a cozy living room and a spacious kitchen with stainless steel appliances, including a refrigerator, stove, oven gas, pull-down faucet and double sinks. The bathroom includes a sink with a Formica countertop, tile backsplash, and a medicine cabinet, and a shower and tub with tile. There is a laundry room inside the hallway. Other features include double pane windows, A/C and laminate flooring throughout, making it easy to maintain. There is a two-car carport and visitor parking close to the property, as well as a storage shed for additional storage space. Situated in a convenient, friendly neighborhood near shopping & freeways 85 & 87. Don't miss your opportunity to tour this mobile home. Schedule a viewing today!

18. 2024-05-29
    soldstatus $200,000

    Show marketing remark (1183 chars)

    Welcome to this charming Westfield mobile home located in the desirable Walnut Mobile Home Park in San Jose, California. This cozy home is approximately 577 square feet and features two bedrooms and one bathroom. The interior and exterior have been painted to give the home a fresh and modern look. This mobile home has a space rent of $890. You can own a home for less than you would pay to rent one. As you enter the home, you will be greeted by a cozy living room and a spacious kitchen with stainless steel appliances, including a refrigerator, stove, oven gas, pull-down faucet and double sinks. The bathroom includes a sink with a Formica countertop, tile backsplash, and a medicine cabinet, and a shower and tub with tile. There is a laundry room inside the hallway. Other features include double pane windows, A/C and laminate flooring throughout, making it easy to maintain. There is a two-car carport and visitor parking close to the property, as well as a storage shed for additional storage space. Situated in a convenient, friendly neighborhood near shopping & freeways 85 & 87. Don't miss your opportunity to tour this mobile home. Schedule a viewing today!

19. 2024-05-01
    status Pending (Do Not Show) 1183-char remark

    Show marketing remark (1183 chars)

    Welcome to this charming Westfield mobile home located in the desirable Walnut Mobile Home Park in San Jose, California. This cozy home is approximately 577 square feet and features two bedrooms and one bathroom. The interior and exterior have been painted to give the home a fresh and modern look. This mobile home has a space rent of $890. You can own a home for less than you would pay to rent one. As you enter the home, you will be greeted by a cozy living room and a spacious kitchen with stainless steel appliances, including a refrigerator, stove, oven gas, pull-down faucet and double sinks. The bathroom includes a sink with a Formica countertop, tile backsplash, and a medicine cabinet, and a shower and tub with tile. There is a laundry room inside the hallway. Other features include double pane windows, A/C and laminate flooring throughout, making it easy to maintain. There is a two-car carport and visitor parking close to the property, as well as a storage shed for additional storage space. Situated in a convenient, friendly neighborhood near shopping & freeways 85 & 87. Don't miss your opportunity to tour this mobile home. Schedule a viewing today!

20. 2024-04-01
    listed $215,000 Active 1183-char remark

    Show marketing remark (1183 chars)

    Welcome to this charming Westfield mobile home located in the desirable Walnut Mobile Home Park in San Jose, California. This cozy home is approximately 577 square feet and features two bedrooms and one bathroom. The interior and exterior have been painted to give the home a fresh and modern look. This mobile home has a space rent of $890. You can own a home for less than you would pay to rent one. As you enter the home, you will be greeted by a cozy living room and a spacious kitchen with stainless steel appliances, including a refrigerator, stove, oven gas, pull-down faucet and double sinks. The bathroom includes a sink with a Formica countertop, tile backsplash, and a medicine cabinet, and a shower and tub with tile. There is a laundry room inside the hallway. Other features include double pane windows, A/C and laminate flooring throughout, making it easy to maintain. There is a two-car carport and visitor parking close to the property, as well as a storage shed for additional storage space. Situated in a convenient, friendly neighborhood near shopping & freeways 85 & 87. Don't miss your opportunity to tour this mobile home. Schedule a viewing today!

21. 2024-04-01
    listed $215,000

    Show marketing remark (1183 chars)

    Welcome to this charming Westfield mobile home located in the desirable Walnut Mobile Home Park in San Jose, California. This cozy home is approximately 577 square feet and features two bedrooms and one bathroom. The interior and exterior have been painted to give the home a fresh and modern look. This mobile home has a space rent of $890. You can own a home for less than you would pay to rent one. As you enter the home, you will be greeted by a cozy living room and a spacious kitchen with stainless steel appliances, including a refrigerator, stove, oven gas, pull-down faucet and double sinks. The bathroom includes a sink with a Formica countertop, tile backsplash, and a medicine cabinet, and a shower and tub with tile. There is a laundry room inside the hallway. Other features include double pane windows, A/C and laminate flooring throughout, making it easy to maintain. There is a two-car carport and visitor parking close to the property, as well as a storage shed for additional storage space. Situated in a convenient, friendly neighborhood near shopping & freeways 85 & 87. Don't miss your opportunity to tour this mobile home. Schedule a viewing today!

ⓘ 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 8/10 Severe FEMA zone D · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 19 unhealthy d/yr today · 19 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,484
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$1,909
• − Repairs & maintenance: −$3,239
• − Management: −$3,239
• − Depreciation: −$6,371
• Taxable income: $10,174
• Est. tax owed @ 24.0%: −$2,442
• After-tax cash flow: $10,565/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: Oak Grove Elementary
• NCES district ID: 0627810
• Math proficiency: 47% ▲ 1.00%
• Reading proficiency: 54% ▬ 0.00%
• Median HH income: $92,404
• Composite: 49.23/100
• National rank: #4382
• State rank: #339 of 1400 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 57,202
• Household income: $101,435
• Rent vs Own: 40.1% rent · 59.9% own
• Severe rent burden: 1808.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 51% Asian 36% Two or more races 22% White 7% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 46%
• Foreign-born: 45% · Canada, Vietnam, China
• Languages at home: 27% English-only · Spanish 40% Vietnamese 24% Chinese 3%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1144.74%
• Current HPI: 339.7949
• Rent YoY: ▲ 1.00%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

+1.9% since first listed

5 events — show timeline

• 2026-05-13 Listed $219,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-13 Listed $219,000 MLSListings
• 2024-05-29 Sold (MLS) $200,000 MLSListings
• 2024-05-01 Pending — MLSListings
• 2024-04-01 Listed $215,000 MLSListings

Property tax history

-14.0%/yr

Latest (2011): $359 · -14.0% YoY. Source: county tax records.