1560 S Otterbein Ave #124 · Rowland Heights, CA 91748

$318,000

3 bd · 2.0 ba · 1,488 sqft · Manufactured public records · 78 Days on market

Built 2006 $214/sqft · 44% above area Est $213k · 49% 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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +6.1/10.0
• Rent growth +5.0/5.0
• Schools +4.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * An exquisite manufactured home built in 2006 * * * Situated on a desirable corner lot, this home is immaculate, in excellent condition, and completely move-in ready * * * The interior offers spacious living areas spanning 1,440 square feet (60 ft x 24 ft), featuring 3 bedrooms and 2 bathrooms. The entire home is fitted with dual-pane windows and blinds; the interior layout is bright, airy, and open-concept, boasting vaulted ceilings. The charming kitchen features a skylight, a breakfast bar, and comes equipped with a dishwasher and stove. The living room also features vaulted ceilings and a skylight, while the indoor laundry room includes built-in storage cabinets. The spacious master bathroom includes a jetted bathtub and a separate shower area. The entire home is equipped with a central air conditioning and heating system. Outdoors, there is a spacious covered front porch and parking space for 3 vehicles. The community amenities include a swimming pool and a clubhouse. This residence is located within a peaceful and quiet family community park, situated in close proximity to Rowland Park, supermarkets, public transportation, and schools. It offers convenient access to the 60, 10, and 57 freeways. * * * An exceptional home ownership opportunity—don't miss out! * * *

Key facts

• Covered front porch
• Dual-pane windows
• Jetted bathtub

Tags

• CORNER LOT
• DUAL-PANE WINDOWS
• BREAKFAST BAR
• JETTED BATHTUB
• CENTRAL AIR CONDITIONING
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $318k.

Deal economics

• At list price, monthly cash flow is $882 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $318k).
• Recommended offer: $299k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 2.6% 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.
• Market conditions: Rents rising fast (+10.3%/yr); 104 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $3,521/mo this rent would consume 51% of the median local household income ($83k/yr) (locally 1440% 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 $10k 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 $89k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($299k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; list at $318k implies a 165% gain — meaningful room to come down on a strong offer.

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 $298,920 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 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. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.89%
• DSCR: 1.53
• GRM: 7.5

CMA / ARV

• ARV (median comp): $213,318
• List price: $318,000
• Delta: 49.07%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1560 Otterbein Ave #12	0.00mi	3/2.0	1,414 (-5%)	4mo	$365,000	$258	88
1560 S Otterbein Ave #113	0.00mi	3/2.0	1,568 (+5%)	4mo	$308,000	$196	88
1560 S Otterbein Ave #58	0.00mi	3/3.0	1,440 (-3%)	8mo	$345,000	$240	84
1441 Paso Real Ave #327	0.56mi	3/2.0	1,440 (-3%)	1mo	$200,000	$139	68
1441 Paso Real Ave #203	0.56mi	4/2.0 (+1)	1,493 (+0%)	4mo	$230,000	$154	65
1560 S Otterbein Ave #170	0.00mi	4/3.0 (+1)	1,664 (+12%)	7mo	$280,000	$168	65
1441 Paso Real Ave #255	0.56mi	3/2.0	1,440 (-3%)	8mo	$193,000	$134	62
1441 Paso Real Ave #119	0.56mi	3/2.0	1,392 (-6%)	4mo	$220,000	$158	60
1441 Paso Real Ave #246	0.56mi	4/3.0 (+1)	1,440 (-3%)	0mo	$210,000	$146	59
1441 S Paso Real Ave #27	0.56mi	4/2.0 (+1)	1,440 (-3%)	6mo	$195,000	$135	59
1440 Paso Real Ave #37	0.48mi	2/2.0 (-1)	1,344 (-10%)	2mo	$175,000	$130	54
1441 S Paso Real Ave #220	0.56mi	3/2.0	1,680 (+13%)	1mo	$241,000	$143	52

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: 6.3%
• Equity multiple: 1.26×
• Total profit: $23,139
• Equity at exit: $47,415

10-year hold

• IRR: 19.4%
• Equity multiple: 2.98×
• Total profit: $176,661
• Equity at exit: $27,495

Cash invested: $89,040 (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 91748

• Rents YoY: 10.3%
• Active inventory: 104
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,521 high
• Mortgage (P&I): −$1,668
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$132
• HOA: −$0
• Vacancy / Maint / Mgmt: −$739
• Net cashflow: $882

Break-even live

Break-even rent $2,404

Max offer price $318,000

Occupancy floor 70%

Sensitivity live

Price	-10% $1,062	-5% $972	+0% $882	+5% $792	+10% $702
Rent	-10% $604	-5% $743	+0% $882	+5% $1,021	+10% $1,160
Rate	-1.0pp $1,042	-0.5pp $963	base $882	+0.5pp $800	+1.0pp $716

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: $79,500
• Closing costs: $9,540
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19231 Tranbarger St Rowland Heights, CA	3.0	2.0	1170	$3,200	$2.74	44d	1	0.11mi
1316 Raleo Ave Rowland Heights, CA	4.0	2.0	1200	$5,000	$4.17	16d	1	0.25mi
19050 Colima Rd Rowland Heights, CA	1.0–2.0	1.0–2.0	833	$2,595	$3.12	23d	2	0.31mi
19319 Pilario St Rowland Heights, CA	4.0	2.0	1480	$3,750	$2.53	44d	1	0.35mi
1809 Paso Real Ave Rowland Heights, CA	4.0	2.0	1259	$3,500	$2.78	25d	1	0.62mi
1862 Hollandale Ave Rowland Heights, CA	4.0	2.0	1588	$4,250	$2.68	18d	1	0.64mi
2143 Arcdale Ave Rowland Heights, CA	3.0	2.0	1386	$3,500	$2.53	25d	1	0.83mi
2240 Electra Ave Rowland Heights, CA	3.0	2.0	1256	$3,200	$2.55	18d	1	0.83mi
18567 Colima Rd Rowland Heights, CA	1.0–2.0	1.0–2.0	845	$2,400	$2.84	4d	26	0.86mi
2847 Valley Blvd West Covina, CA	1.0–2.0	1.0	879	$3,040	$3.46	3d	7	0.87mi
18617 Trot Ave Rowland Heights, CA	3.0	2.0	1251	$3,350	$2.68	18d	1	0.89mi
2243 Otterbein Ave Rowland Heights, CA	3.0	2.0	1286	$3,600	$2.80	44d	1	0.89mi
19358 Alcona St Rowland Heights, CA	4.0	2.0	1613	$3,950	$2.45	44d	1	0.90mi
2817 E Valley Blvd West Covina, CA	3.0	2.0	1050	$3,100	$2.95	44d	1	0.90mi
1808 Santa Ysabela Dr Rowland Heights, CA	4.0	2.0	1175	$3,500	$2.98	21d	1	0.93mi
1439 S Jellick Ave Unit B Rowland Heights, CA	2.0	1.5	1049	$2,300	$2.19	5d	1	0.99mi
2601 E Valley Blvd West Covina, CA	1.0–2.0	1.0–2.0	925	$2,650	$2.86	8d	3	1.03mi
4037 S Ellesford Ave West Covina, CA	4.0	2.0	1790	$4,195	$2.34	0d	1	1.05mi
19307 Oakview Ln Rowland Heights, CA	4.0	2.0	1789	$3,850	$2.15	44d	1	1.07mi
18417 Santar St Rowland Heights, CA	4.0	2.0	1142	$3,300	$2.89	18d	1	1.08mi
18658 Mescalero St Rowland Heights, CA	3.0	2.0	1352	$3,800	$2.81	23d	1	1.08mi
18573 Farjardo St Rowland Heights, CA	3.0	2.0	1300	$3,750	$2.88	44d	1	1.14mi
2454 Hillman Ln Rowland Heights, CA	3.0	2.5	1506	$3,800	$2.52	44d	1	1.24mi
2415 Los Padres Dr Rowland Heights, CA	3.0	2.0	1120	$3,300	$2.95	18d	1	1.30mi
18626 Barroso St Rowland Heights, CA	3.0	2.0	1446	$3,890	$2.69	4d	1	1.30mi
684 Panorama Ln La Puente, CA	3.0	3.5	1683	$3,600	$2.14	21d	1	1.39mi
684 Panorama Ln La Puente, CA	3.0	3.5	1683	$3,600	$2.14	18d	1	1.39mi

Listing history 20 events

1. 2026-06-21
   days on market $318,000 Active 78 DOM
2. 2026-06-18
   days on market $318,000 Active 75 DOM
3. 2026-06-17
   days on market $318,000 Active 74 DOM
4. 2026-06-16
   days on market $318,000 Active 73 DOM
5. 2026-06-15
   days on market $318,000 Active 72 DOM
6. 2026-06-13
   days on market $318,000 Active 70 DOM
7. 2026-06-13
   days on market $318,000 Active 69 DOM
8. 2026-06-09
   days on market $318,000 Active 66 DOM
9. 2026-06-08
   days on market $318,000 Active 65 DOM
10. 2026-06-07
    days on market $318,000 Active 64 DOM
11. 2026-06-04
    days on market $318,000 Active 61 DOM
12. 2026-06-03
    days on market $318,000 Active 60 DOM
13. 2026-06-02
    days on market $318,000 Active 59 DOM
14. 2026-06-01
    days on market $318,000 Active 58 DOM
15. 2026-06-01
    price $318,000 Active 57 DOM
16. 2026-05-31
    days on market $338,000 Active 57 DOM
17. 2026-04-04
    listed $338,000 Active 1316-char remark

    Show marketing remark (1316 chars)

    * * * An exquisite manufactured home built in 2006 * * * Situated on a desirable corner lot, this home is immaculate, in excellent condition, and completely move-in ready * * * The interior offers spacious living areas spanning 1,440 square feet (60 ft x 24 ft), featuring 3 bedrooms and 2 bathrooms. The entire home is fitted with dual-pane windows and blinds; the interior layout is bright, airy, and open-concept, boasting vaulted ceilings. The charming kitchen features a skylight, a breakfast bar, and comes equipped with a dishwasher and stove. The living room also features vaulted ceilings and a skylight, while the indoor laundry room includes built-in storage cabinets. The spacious master bathroom includes a jetted bathtub and a separate shower area. The entire home is equipped with a central air conditioning and heating system. Outdoors, there is a spacious covered front porch and parking space for 3 vehicles. The community amenities include a swimming pool and a clubhouse. This residence is located within a peaceful and quiet family community park, situated in close proximity to Rowland Park, supermarkets, public transportation, and schools. It offers convenient access to the 60, 10, and 57 freeways. * * * An exceptional home ownership opportunity—don't miss out! * * *

18. 2014-01-16
    soldstatus $120,000 Closed 936-char remark

    Show marketing remark (936 chars)

    * * * Beautiful Manufactured Home Built in 2006 * * * Clean & Excellent Move-In Condition Unit On A Corner Lot * * * Spacious Living size is 1,440 Sq. Ft. (60’ x 24') 3 Bedrooms and 2 Bathrooms, , Dual Panel Windows with Blinds Throughout the house, Bright, Airy & Open Floor Plan with High Ceiling. Lovely Kitchen with Skylight, Breakfast Bar, Dishwasher, Stove Included. Living Room with High Ceiling & Skylight, Indoor Laundry Room with Built-In Cabinets. Large Master Bath with Hot Tub & Separate Shower Area. Central Air Conditioning & Heating System. Large Covered Front Porch, 3 Cars Parking Space, Low Rent Space Fee: $750/monthly (Trash & Sewer Paid). Community Pool And Clubhouse, Quiet Family Park, Located Close To Rowland Park, Supermarket, Public Transportation & Schools. Easy to access to Freeway 60, 10 & 57. * * * Don't Miss This Great Buy! * * *

19. 2014-01-03
    status Pending 936-char remark

    Show marketing remark (936 chars)

    * * * Beautiful Manufactured Home Built in 2006 * * * Clean & Excellent Move-In Condition Unit On A Corner Lot * * * Spacious Living size is 1,440 Sq. Ft. (60’ x 24') 3 Bedrooms and 2 Bathrooms, , Dual Panel Windows with Blinds Throughout the house, Bright, Airy & Open Floor Plan with High Ceiling. Lovely Kitchen with Skylight, Breakfast Bar, Dishwasher, Stove Included. Living Room with High Ceiling & Skylight, Indoor Laundry Room with Built-In Cabinets. Large Master Bath with Hot Tub & Separate Shower Area. Central Air Conditioning & Heating System. Large Covered Front Porch, 3 Cars Parking Space, Low Rent Space Fee: $750/monthly (Trash & Sewer Paid). Community Pool And Clubhouse, Quiet Family Park, Located Close To Rowland Park, Supermarket, Public Transportation & Schools. Easy to access to Freeway 60, 10 & 57. * * * Don't Miss This Great Buy! * * *

20. 2013-08-13
    listed $128,000 Active 936-char remark

    Show marketing remark (936 chars)

    * * * Beautiful Manufactured Home Built in 2006 * * * Clean & Excellent Move-In Condition Unit On A Corner Lot * * * Spacious Living size is 1,440 Sq. Ft. (60’ x 24') 3 Bedrooms and 2 Bathrooms, , Dual Panel Windows with Blinds Throughout the house, Bright, Airy & Open Floor Plan with High Ceiling. Lovely Kitchen with Skylight, Breakfast Bar, Dishwasher, Stove Included. Living Room with High Ceiling & Skylight, Indoor Laundry Room with Built-In Cabinets. Large Master Bath with Hot Tub & Separate Shower Area. Central Air Conditioning & Heating System. Large Covered Front Porch, 3 Cars Parking Space, Low Rent Space Fee: $750/monthly (Trash & Sewer Paid). Community Pool And Clubhouse, Quiet Family Park, Located Close To Rowland Park, Supermarket, Public Transportation & Schools. Easy to access to Freeway 60, 10 & 57. * * * Don't Miss This Great Buy! * * *

ⓘ 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: $1,188 · $99/mo
• Projected year-2 tax: $2,417 · $201/mo
• Expected delta: +$1,229/yr (+$102/mo · 103.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 22 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

Taxation est. · year 1

• Rental income: $42,249
• − Mortgage interest: −$17,813
• − Property taxes: −$1,188
• − Insurance: −$1,590
• − Repairs & maintenance: −$3,380
• − Management: −$3,380
• − Depreciation: −$9,251
• Taxable income: $5,647
• Est. tax owed @ 24.0%: −$1,355
• After-tax cash flow: $9,232/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: 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

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 · 9,444,647 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: 1440.0

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: 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: —

Market trends

• HPI YoY: ▼ -754.24%
• Current HPI: 364.5923
• Rent YoY: ▲ 10.27%
• 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

+164.1% since first listed

4 events — show timeline

• 2026-04-04 Listed $338,000 CRMLS
• 2014-01-16 Sold (MLS) $120,000 CRMLS
• 2014-01-03 Pending — CRMLS
• 2013-08-13 Listed $128,000 CRMLS

Property tax history

+5.6%/yr

Latest (2025): $1,188 · +5.6% YoY. Source: county tax records.