3340 Del Sol Blvd #208 · San Diego, CA 92154

$115,000

2 bd · 2.0 ba · 1,488 sqft · Manufactured · 250 Days on market

Manufactured home Built 1978 Est $196k · 41% under

---

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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Once in a life time opportunity to purchase a top-of-the-line manufactured home in original pristine condition with full ocean view! This house won't last long. It's a 1978 Lancer, Royal Monarch with master suites on opposite ends of the home w/air & fans in each room. Newer roof & appliances. Original owner, well maintained w/OCEAN VIEWS. Highly sought after location with once-in-a-lifetime sales price. Come purchase the home & rehab for your own use or resale for huge profit potential.Over 55 community.

Key facts

• Ocean view
• Water heater
• Premier location

Tags

• OCEAN VIEW
• PREMIER LOCATION
• NEWER WINDOWS
• WATER HEATER
• CENTRAL FURNACE
• WRAP AROUND DECK

Property features AI

Finance

• Other: Park may require manager approval; Pets allowed (call to confirm)
• Financial info: Monthly land lease of $2,300 (land lease applies)
• HOA & community: Senior community; Suburban community

Exterior

• Parking: 2 parking spaces; 2 carport spaces; Located in Ocean Bluffs Mobile Estates
• Utilities: Public sewer
• Home design: Mobile home; Single-story; Entry level 1; Mobile home remains on property
• Construction: Mobile dimensions approximately 24 ft by 62 ft
• Exterior features: Wood fencing; Wrap-around patio/porch; Community pool

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central cooling
• Interior features: One-level home; Entry accessed via steps to stairs; Has a view
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.4% vs local median 2.0% in San Diego — 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 75/100 on livability (#123 in CA, #4,206 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, crime D+, cost of living F.
• Sweetwater Union High (suburban): math 36% / reading 52% proficiency, ranked #187 of 517 in CA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Howard Pence Elementary (math 11% / reading 17%, grade F, #1,452 of 1,571 statewide, top 93%, 495 students, 74% FRL); Montgomery Middle (math 23% / reading 38%, grade F, #215 of 498 statewide, top 43%, 730 students, 82% FRL); Montgomery Senior High (math 28% / reading 53%, grade F, #508 of 1,170 statewide, top 44%, 1,745 students, 80% FRL) — zoned schools average 79% FRL vs 53% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 44% district-wide (-16 pts) — the specific schools serving this property underperform the Sweetwater Union High average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 208 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 33% of the median local income ($95k/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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $32k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 250 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $55k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $115k implies a 167% gain — meaningful room to come down on a strong offer.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 250 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 1978 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 2.25% ✓
• Cap rate: 19.36%
• Cash-on-cash: 46.68%
• DSCR: 3.08
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $196,416
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3340 Del Sol #215	0.00mi	2/2.0	1,440 (-3%)	6mo	$190,000	$132	89
3340 Del Sol Blvd, Unit 158	0.09mi	2/2.0	1,440 (-3%)	2mo	$125,000	$87	89
3340 Del Sol Blvd Spc 126	0.00mi	2/2.0	1,440 (-3%)	7mo	$150,000	$104	89
3340 Del Sol Blvd #180	0.09mi	2/2.0	1,440 (-3%)	2mo	$85,000	$59	88
3340 Del Sol Blvd Spc 4	0.09mi	2/2.0	1,536 (+3%)	3mo	$80,000	$52	88
3340 Del Sol Blvd #21	0.00mi	2/2.0	1,440 (-3%)	8mo	$177,000	$123	88
3340 Del Sol Blvd #237	0.00mi	3/2.0 (+1)	1,440 (-3%)	5mo	$198,000	$138	85
3340 Del Sol Blvd #102	0.09mi	3/2.0 (+1)	1,440 (-3%)	1mo	$217,000	$151	84
3340 Del Sol Blvd #246	0.00mi	2/2.0	1,440 (-3%)	16mo	$195,400	$136	81
3340 Del Sol Blvd #144	0.09mi	2/2.0	1,344 (-10%)	2mo	$195,000	$145	78
3340 Del Sol Blvd #196	0.00mi	2/2.0	1,344 (-10%)	8mo	$170,000	$126	77
3340 Del Sol Blvd #209	0.00mi	3/2.0 (+1)	1,431 (-4%)	15mo	$275,000	$192	76

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 40.5%
• Equity multiple: 2.66×
• Total profit: $53,588
• Equity at exit: $17,147

10-year hold

• IRR: 45.4%
• Equity multiple: 4.73×
• Total profit: $120,199
• Equity at exit: $9,943

Cash invested: $32,200 (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 92154

• Rents YoY: -0.5%
• Active inventory: 208
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,592 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $1,253

Break-even live

Break-even rent $1,006

Max offer price $115,000

Occupancy floor 47%

Sensitivity live

Price	-10% $1,332	-5% $1,292	+0% $1,253	+5% $1,213	+10% $1,173
Rent	-10% $1,048	-5% $1,150	+0% $1,253	+5% $1,355	+10% $1,457
Rate	-1.0pp $1,311	-0.5pp $1,282	base $1,253	+0.5pp $1,223	+1.0pp $1,192

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3580 Marzo St San Diego, CA	3.0	2.0	1700	$3,500	$2.06	19d	1	0.32mi
3624 Marzo St San Diego, CA	3.0	2.0	1330	$3,295	$2.48	21d	1	0.34mi
3590 Arey Dr San Diego, CA	3.0	2.0	1061	$3,995	$3.77	0d	1	0.36mi
813 Beyer Way San Diego, CA	3.0	2.5	1495	$3,500	$2.34	5d	1	0.38mi
3822 Enero Ct San Diego, CA	3.0	2.0	1012	$3,850	$3.80	12d	1	0.50mi
1515 Kenalan Dr San Diego, CA	3.0	2.0	1140	$3,500	$3.07	0d	1	0.74mi
3763 Via del Bardo San Ysidro, CA	3.0	2.5	1472	$4,200	$2.85	5d	1	0.76mi
2709 Elm Ave Unit B San Diego, CA	3.0	3.0	1560	$3,449	$2.21	0d	1	0.94mi
2683 Caulfield Dr San Diego, CA	3.0	2.0	1445	$3,995	$2.76	0d	1	0.97mi
1587 Oro Vista Rd San Diego, CA	1.0–2.0	1.0–2.0	805	$2,495	$3.10	0d	3	1.12mi
1394 Oro Vista Rd San Diego, CA	2.0	2.0	1027	$2,772	$2.70	0d	3	1.19mi
4483 Corona Borealis San Diego, CA	2.0	2.5	1400	$3,800	$2.71	17d	1	1.32mi
561 W San Ysidro Blvd San Ysidro, CA	1.0–3.0	1.0–2.0	818	$2,528	$3.09	0d	10	1.32mi
2367 Grove Ave San Diego, CA	1.0–2.0	1.0	741	$2,495	$3.36	4d	4	1.34mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	0d	9	1.38mi
1001 Outer Rd San Diego, CA	2.0	2.0	1000	$2,538	$2.54	4d	5	1.40mi
217 Date St Unit B Chula Vista, CA	3.0	2.5	1228	$3,500	$2.85	5d	1	1.41mi
1100 Dennery Rd San Diego, CA	1.0–3.0	1.0–2.0	975	$3,052	$3.13	0d	27	1.41mi

Listing history 27 events

1. 2026-06-22
   days on market $115,000 Active 250 DOM
2. 2026-06-21
   days on market $115,000 Active 249 DOM
3. 2026-06-18
   days on market $115,000 Active 246 DOM
4. 2026-06-17
   days on market $115,000 Active 245 DOM
5. 2026-06-16
   days on market $115,000 Active 244 DOM
6. 2026-06-15
   days on market $115,000 Active 243 DOM
7. 2026-06-13
   days on market $115,000 Active 241 DOM
8. 2026-06-13
   days on market $115,000 Active 240 DOM
9. 2026-06-09
   days on market $115,000 Active 237 DOM
10. 2026-06-08
    days on market $115,000 Active 236 DOM
11. 2026-06-07
    days on market $115,000 Active 235 DOM
12. 2026-06-04
    days on market $115,000 Active 232 DOM
13. 2026-06-03
    days on market $115,000 Active 231 DOM
14. 2026-06-02
    days on market $115,000 Active 230 DOM
15. 2026-06-01
    days on market $115,000 Active 229 DOM
16. 2026-05-31
    days on market $115,000 Active 228 DOM
17. 2026-04-02
    price $115,000
18. 2026-01-05
    price $118,000
19. 2025-12-06
    price $140,000
20. 2025-10-14
    listed $170,000 Active
21. 2023-04-26
    historical
22. 2023-03-22
    price $99,998
23. 2023-03-14
    price $130,000
24. 2023-02-24
    listed $140,000 Active
25. 2018-05-03
    soldstatus $43,000 Sold 522-char remark

    Show marketing remark (522 chars)

    Once in a life time opportunity to purchase a top-of-the-line manufactured home in original pristine condition with full ocean view! This house won't last long. It's a 1978 Lancer, Royal Monarch with master suites on opposite ends of the home w/air & fans in each room. Newer roof & appliances. Original owner, well maintained w/OCEAN VIEWS. Highly sought after location with once-in-a-lifetime sales price. Come purchase the home & rehab for your own use or resale for huge profit potential.Over 55 community.

26. 2018-02-10
    status Pending 522-char remark

    Show marketing remark (522 chars)

    Once in a life time opportunity to purchase a top-of-the-line manufactured home in original pristine condition with full ocean view! This house won't last long. It's a 1978 Lancer, Royal Monarch with master suites on opposite ends of the home w/air & fans in each room. Newer roof & appliances. Original owner, well maintained w/OCEAN VIEWS. Highly sought after location with once-in-a-lifetime sales price. Come purchase the home & rehab for your own use or resale for huge profit potential.Over 55 community.

27. 2018-02-06
    listed $43,000 Active 522-char remark

    Show marketing remark (522 chars)

    Once in a life time opportunity to purchase a top-of-the-line manufactured home in original pristine condition with full ocean view! This house won't last long. It's a 1978 Lancer, Royal Monarch with master suites on opposite ends of the home w/air & fans in each room. Newer roof & appliances. Original owner, well maintained w/OCEAN VIEWS. Highly sought after location with once-in-a-lifetime sales price. Come purchase the home & rehab for your own use or resale for huge profit potential.Over 55 community.

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 5 d/yr ≥86°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,099
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$2,488
• − Management: −$2,488
• − Depreciation: −$3,345
• Taxable income: $14,036
• Est. tax owed @ 24.0%: −$3,369
• After-tax cash flow: $11,663/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: Sweetwater Union High
• NCES district ID: 0638640
• Math proficiency: 36% ▲ 3.00%
• Reading proficiency: 52% ▼ -2.00%
• Median HH income: $59,051
• Composite: 38.61/100
• National rank: #4158
• State rank: #187 of 517 in CA

Livability — San Diego

• Score: 75/100
• State rank: #123
• US rank: #4206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Diego, CA
• County: San Diego County · 3,178,799 people
• City population: 1,397,612
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 80,445
• Household income: $94,901
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2959.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (68%)
• Race & ethnicity: Hispanic / Latino 68% Two or more races 30% White 12% Asian 12% Black 5% Native American 1%
• Hispanic origin (detail): Mexican 65%
• Foreign-born: 32% · Canada, China
• Languages at home: 35% English-only · Spanish 56% Tagalog/Filipino 7% Chinese 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -568.62%
• Current HPI: 393.1836
• Rent YoY: ▼ -0.52%
• Metro: San Diego-Chula Vista-Carlsbad, 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

+167.4% since first listed

11 events — show timeline

• 2026-04-02 Price Changed $115,000 CRMLS
• 2026-01-05 Price Changed $118,000 CRMLS
• 2025-12-06 Price Changed $140,000 CRMLS
• 2025-10-14 Listed $170,000 CRMLS
• 2023-04-26 Listing Removed — SDMLS
• 2023-03-22 Price Changed $99,998 SDMLS
• 2023-03-14 Price Changed $130,000 SDMLS
• 2023-02-24 Listed $140,000 SDMLS
• 2018-05-03 Sold (MLS) $43,000 SDMLS
• 2018-02-10 Pending — SDMLS
• 2018-02-06 Listed $43,000 SDMLS