1599 N Norma St #43 · Ridgecrest, CA 93555

$54,000

2 bd · 1.5 ba · 840 sqft · Manufactured · 221 Days on market

Built 1968 Good condition $64/sqft · 69% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! All-age community mobile home park. This fully remodeled 2-bedroom, 1.5-bath manufactured unit is ultimately inviting, clean and turn-key ready. Featuring updated good sized windows for lots of natural sun light and new plumbing fixtures. Included with the unit is a stove, microwave and refrigerator. Cozy up with elegant lighting throughout while enjoying new remote-controlled heating and air conditioning mini splits for your comfort. Enjoy the modern finishes, a stylish kitchen inviting you to cook, and fresh bright bathrooms. The spacious shed offers a washer, dryer, ceiling fan, and room for a work area. Outside features covered padecking with a sliding gate and multiple parking. Conveniently just minutes from the Navy base and all local amenities. A charming, low-maintenance property ready for its new owner! Lenders; Santiago & 21st Mortgage - Schedule your appointment for a showing.

Key facts

• Fully remodeled
• Modern finishes
• Built 1968

Tags

• FULLY REMODELED
• UPDATED GOOD SIZED WINDOWS
• NEW PLUMBING FIXTURES
• REMOTE-CONTROLLED HEATING
• AIR CONDITIONING MINI SPLITS
• MODERN FINISHES

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $54k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $566 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $54k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.9% vs local median 4.0% in Ridgecrest — 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 (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: schools C-, amenities D+, cost of living D+.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 328 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent is only 16% of the median local income ($87k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $373 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 221 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $11k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $54k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 4→10/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $47,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 221 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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?
6. 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.
7. 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.
8. 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: 2.20% ✓
• Cap rate: 18.88%
• Cash-on-cash: 44.94%
• DSCR: 3.00
• GRM: 3.8

CMA / ARV

• ARV (median comp): $32,000
• List price: $54,000
• Delta: 68.75%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1600 N Norma St #42	0.29mi	2/1.5	840 (0%)	13mo	$30,000	$36	76
1400 Wayne St #33	0.50mi	2/2.0	840 (0%)	2mo	$32,000	$38	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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 42.7%
• Equity multiple: 2.85×
• Total profit: $28,031
• Equity at exit: $8,052

10-year hold

• IRR: 49.0%
• Equity multiple: 5.88×
• Total profit: $73,820
• Equity at exit: $4,669

Cash invested: $15,120 (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 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 328
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,189 high
• Mortgage (P&I): −$283
• Tax est. 1.5%: −$68 /mo · $810/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $566

Break-even live

Break-even rent $472

Max offer price $54,000

Occupancy floor 47%

Sensitivity live

Price	-10% $604	-5% $585	+0% $566	+5% $548	+10% $529
Rent	-10% $472	-5% $519	+0% $566	+5% $613	+10% $660
Rate	-1.0pp $593	-0.5pp $580	base $566	+0.5pp $552	+1.0pp $538

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: $13,500
• Closing costs: $1,620
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 W Perdew Ave Unit B Ridgecrest, CA	2.0	2.0	950	$1,050	$1.11	3d	1	0.02mi
616 W Graaf Ave Unit A Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	15d	1	0.07mi
616 W Graaf Ave Unit B Ridgecrest, CA	2.0	2.0	950	$1,200	$1.26	21d	1	0.07mi
616 W Graaf Ave Unit B Ridgecrest, CA	2.0	2.0	1000	$1,200	$1.20	44d	1	0.07mi
625 W Perdew Ave Apt A Ridgecrest, CA	2.0	2.0	1000	$1,300	$1.30	3d	1	0.08mi
637 W Perdew Ave Apt C Ridgecrest, CA	3.0	2.0	1100	$1,300	$1.18	3d	1	0.12mi
1605 N Norma St Ridgecrest, CA	3.0	1.5	1067	$1,475	$1.38	11d	1	0.13mi
702 W Atkins Ave Unit A Ridgecrest, CA	1.0	1.0	570	$775	$1.36	21d	1	0.20mi
1332 N Norma St Ridgecrest, CA	1.0	1.0	630	$950	$1.51	24d	1	0.25mi
1330 N Norma St Unit A Ridgecrest, CA	1.0	1.0	630	$950	$1.51	21d	1	0.28mi
537 W Ward Ave Unit A Ridgecrest, CA	1.0	2.0	800	$1,000	$1.25	3d	1	0.34mi
920 W Alene Ave Apt B Ridgecrest, CA	2.0	1.0	800	$950	$1.19	3d	1	0.45mi
940 W Graaf Ave Unit B Ridgecrest, CA	3.0	2.0	1100	$1,100	$1.00	44d	1	0.50mi
940 W Graaf Ave Apt C Ridgecrest, CA	2.0	1.0	850	$1,095	$1.29	3d	1	0.50mi
1005 W Alene Ave Apt B Ridgecrest, CA	2.0	1.5	850	$950	$1.12	3d	1	0.52mi
1013 W Atkins Ave Unit C Ridgecrest, CA	2.0	1.0	910	$975	$1.07	11d	1	0.56mi
1016 W Atkins Ave Unit C Ridgecrest, CA	2.0	1.0	850	$1,100	$1.29	44d	1	0.57mi
1332 N El Prado St Unit B Ridgecrest, CA	2.0	1.0	878	$950	$1.08	11d	1	0.58mi
539 Sydnor Ave Ridgecrest, CA	2.0	1.0	1053	$1,200	$1.14	15d	1	0.59mi
1617 N Erwin St Apt B Ridgecrest, CA	2.0	1.0	850	$1,200	$1.41	3d	1	0.60mi
1311 N El Prado St Unit Elpr-1311 C-PK Ridgecrest, CA	2.0	1.0	878	$1,250	$1.42	3d	1	0.62mi
919 N Heritage Dr Ridgecrest, CA	1.0	1.0	650	$2,050	$3.15	3d	2	0.76mi
201 Drummond Ave Unit 217 Ridgecrest, CA	2.0	2.0	1080	$1,000	$0.93	3d	1	0.97mi
201 Drummond Ave Unit 239 Ridgecrest, CA	2.0	2.0	1080	$1,500	$1.39	3d	1	0.97mi
833 N Sanders St Apt A Ridgecrest, CA	2.0	1.0	850	$925	$1.09	3d	1	1.01mi
718 N Sanders St Unit F Ridgecrest, CA	1.0	1.0	748	$950	$1.27	3d	1	1.14mi

Listing history 23 events

1. 2026-06-18
   days on market $54,000 Active 221 DOM
2. 2026-06-17
   days on market $54,000 Active 220 DOM
3. 2026-06-16
   days on market $54,000 Active 219 DOM
4. 2026-06-15
   days on market $54,000 Active 218 DOM
5. 2026-06-14
   days on market $54,000 Active 216 DOM
6. 2026-06-13
   days on market $54,000 Active 215 DOM
7. 2026-06-10
   days on market $54,000 Active 213 DOM
8. 2026-06-09
   days on market $54,000 Active 212 DOM
9. 2026-06-08
   days on market $54,000 Active 211 DOM
10. 2026-06-07
    days on market $54,000 Active 210 DOM
11. 2026-06-05
    days on market $54,000 Active 207 DOM
12. 2026-06-03
    days on market $54,000 Active 206 DOM
13. 2026-06-03
    days on market $54,000 Active 205 DOM
14. 2026-06-01
    days on market $54,000 Active 204 DOM
15. 2026-05-31
    days on market $54,000 Active 203 DOM
16. 2026-01-26
    price $62,000 920-char remark

    Show marketing remark (920 chars)

    Welcome home! All-age community mobile home park. This fully remodeled 2-bedroom, 1.5-bath manufactured unit is ultimately inviting, clean and turn-key ready. Featuring updated good sized windows for lots of natural sun light and new plumbing fixtures. Included with the unit is a stove, microwave and refrigerator. Cozy up with elegant lighting throughout while enjoying new remote-controlled heating and air conditioning mini splits for your comfort. Enjoy the modern finishes, a stylish kitchen inviting you to cook, and fresh bright bathrooms. The spacious shed offers a washer, dryer, ceiling fan, and room for a work area. Outside features covered padecking with a sliding gate and multiple parking. Conveniently just minutes from the Navy base and all local amenities. A charming, low-maintenance property ready for its new owner! Lenders; Santiago & 21st Mortgage - Schedule your appointment for a showing.

17. 2025-11-10
    listed $65,000 Active 920-char remark

    Show marketing remark (920 chars)

    Welcome home! All-age community mobile home park. This fully remodeled 2-bedroom, 1.5-bath manufactured unit is ultimately inviting, clean and turn-key ready. Featuring updated good sized windows for lots of natural sun light and new plumbing fixtures. Included with the unit is a stove, microwave and refrigerator. Cozy up with elegant lighting throughout while enjoying new remote-controlled heating and air conditioning mini splits for your comfort. Enjoy the modern finishes, a stylish kitchen inviting you to cook, and fresh bright bathrooms. The spacious shed offers a washer, dryer, ceiling fan, and room for a work area. Outside features covered padecking with a sliding gate and multiple parking. Conveniently just minutes from the Navy base and all local amenities. A charming, low-maintenance property ready for its new owner! Lenders; Santiago & 21st Mortgage - Schedule your appointment for a showing.

18. 2024-09-12
    price $60,000
19. 2024-06-25
    price $67,000
20. 2024-06-14
    listed $86,000 Active
21. 2024-01-16
    soldstatus $24,000 Closed
22. 2023-12-18
    status Pending
23. 2023-09-14
    listed $27,000 Active

ⓘ 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 8/10 Severe 4 d/yr ≥105°F today · 10 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,270
• − Mortgage interest: −$3,025
• − Property taxes: −$810
• − Insurance: −$270
• − Repairs & maintenance: −$1,142
• − Management: −$1,142
• − Depreciation: −$1,571
• Taxable income: $6,311
• Est. tax owed @ 24.0%: −$1,515
• After-tax cash flow: $5,280/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 · 1 photo

Good 75/100 Cosmetic rehab

This fully remodeled 2-bedroom, 1.5-bath manufactured home is in excellent condition and ready for immediate occupancy. Minor updates to the exterior and landscaping would further enhance its value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace sliding gate — Improves security and functionality
• Both Upgrade landscaping — Enhances curb appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace sliding gate — Improves security and functionality ↑
• Both Upgrade landscaping — Enhances curb appeal and value ↑

ⓘ 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: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

Population outlook (Kern County) Hauer SSP2

• Today (2025): 947,286 people
• By 2030: 978,984 · +3.3%
• By 2040: 1,045,018 · +10.3%
• By 2050: 1,105,232 · +16.7%
• By 2075: 1,229,538 · +29.8%
• By 2100: 1,238,059 · +30.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Kern

• 2024 margin: Strong R (+21.1) · D 38.2% · R 59.3% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: -17.8pp · 2024: -21.1pp
• All cycles: 2024: R+21.1 2020: R+10.2 2016: R+15.0 2012: R+20.9 2008: R+17.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• Metro: Bakersfield, 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

+129.6% since first listed

8 events — show timeline

• 2026-01-26 Price Changed $62,000 SSMLS
• 2025-11-10 Listed $65,000 SSMLS
• 2024-09-12 Price Changed $60,000 SSMLS
• 2024-06-25 Price Changed $67,000 SSMLS
• 2024-06-14 Listed $86,000 SSMLS
• 2024-01-16 Sold (MLS) $24,000 AVMLS
• 2023-12-18 Pending — AVMLS
• 2023-09-14 Listed $27,000 AVMLS