1456 E Philadelphia St Spc 299 · Ontario, CA 91761

$184,999

3 bd · 2.0 ba · 2,040 sqft · Manufactured public records · 37 Days on market

Built 1980 Est $177k · at est. ↓ 3% since listing

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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 +5.6/15.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful 2-bedroom 2 bath mobile home located in the exclusive Rancho Ontario. This home offers a big main suite floor plan, with a big step-in shower, an enormous walk-in closet. this home offers a big living room as well as an entertainment room. The porch is enclosed, a big guest bedroom, the driveway van accommodate 3 vehicles depending on size. Renovated amenities await you offering a heated pool and spa opened year-round, a hall to host any event, our clubhouse offers a billiards room, card table room, a fitness room as well as a gym or lounge area to just sit and relax. The Park also offers an active area with two pickleball courts, bocce ball and we didn't forget about your fur bab

Key facts

• Walk-in closet
• Enclosed porch
• Step-in shower

Tags

• MAIN SUITE FLOOR PLAN
• STEP-IN SHOWER
• WALK-IN CLOSET
• ENCLOSED PORCH
• HEATED POOL
• SPA OPENED YEAR-ROUND

Property features AI

Finance

• Other: Park directions: Off Philadelphia St between Grove and Vineyard
• Financial info: Land lease of $1,800 per month (park provided)
• HOA & community: Part of an association with clubhouse and multiple amenities; Association amenities include pool, spa, gym/exercise room, billiard room, card room, meeting room, club house, outdoor cooking area, bocce ball court, pickleball, dog park; Senior community; Community features include dog park and street lighting; Park name: Rancho Ontario; Manager approval required

Exterior

• Parking: Carport parking (2 spaces); RV parking available for a fee
• Utilities: Public sewer; District/public water
• Home design: Single-story property; Mobile home (34 ft by 60 ft); Mobile home remains on site; Living area per public records
• Construction: Year built per public records
• Exterior features: Community in-ground, heated gunite pool; No fencing; Density approximately 6–10 units per acre

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central cooling; Central furnace heating
• Interior features: In-ground, gunite spa in the community that is heated
• Laundry & utility: Community laundry with washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $185k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $185k).
• Recommended offer: $179k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 2.7% in Ontario — 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 63/100 on livability (#435 in CA) — a middle-class / working-renter tenant base. Strengths: commute A-, housing B+; Watch: schools F, cost of living F, health & safety F.
• Ontario-Montclair (urban): math 35% / reading 44% proficiency, ranked #731 of 1,400 in CA (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 314 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• This rent runs 44% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.4% 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 37 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,449 (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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.98% ✓
• Cap rate: 16.79%
• Cash-on-cash: 37.49%
• DSCR: 2.67
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $177,480
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1456 E Philadelphia St #322	0.00mi	3/2.0	2,040 (0%)	14mo	$190,000	$93	88
1456 Philadelphia St #351	0.00mi	2/2.0 (-1)	2,176 (+7%)	3mo	$149,000	$68	82
1456 E PHILADELPHIA #61	0.00mi	2/2.0 (-1)	2,000 (-2%)	23mo	$112,800	$56	72
1456 E Philadelphia St Spc 320	0.00mi	3/2.0	1,740 (-15%)	14mo	$195,000	$112	64
1456 E Philadelphia St #150	0.00mi	2/2.0 (-1)	1,840 (-10%)	18mo	$158,800	$86	63
1456 E Philadelphia St Spc 286	0.00mi	2/2.0 (-1)	1,830 (-10%)	18mo	$160,000	$87	63

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 · 2.39% rent growth · sell at horizon

5-year hold

• IRR: 32.8%
• Equity multiple: 2.37×
• Total profit: $70,925
• Equity at exit: $27,584

10-year hold

• IRR: 39.5%
• Equity multiple: 4.58×
• Total profit: $185,655
• 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.

Methodology + full state rankings →

ZIP-level market 91761

• Rents YoY: 2.4%
• Active inventory: 314
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $3,667 high
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$770
• Net cashflow: $1,619

Break-even live

Break-even rent $1,618

Max offer price $184,999

Occupancy floor 51%

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: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2632 S Augusta Ave Ontario, CA	4.0	2.5	1983	$4,500	$2.27	43d	1	0.58mi
2631 S Cucamonga Ave Ontario, CA	3.0	2.5	1726	$3,400	$1.97	43d	1	0.71mi
2815 S Augusta Ave Ontario, CA	4.0	2.0	1524	$3,600	$2.36	1d	1	0.77mi
2835 S Bon View Ave Ontario, CA	4.0	3.0	2686	$4,000	$1.49	1d	1	1.03mi
629 E Madeleine Privado Ontario, CA	3.0	2.5	1465	$3,350	$2.29	43d	1	1.29mi
629 E Madeleine Privado Ontario, CA	3.0	2.5	1465	$3,250	$2.22	21d	1	1.29mi

Listing history 17 events

1. 2026-06-18
   days on market $184,999 Active 37 DOM
2. 2026-06-17
   days on market $184,999 Active 36 DOM
3. 2026-06-16
   days on market $184,999 Active 35 DOM
4. 2026-06-15
   days on market $184,999 Active 34 DOM
5. 2026-06-13
   days on market $184,999 Active 32 DOM
6. 2026-06-13
   days on market $184,999 Active 31 DOM
7. 2026-06-09
   days on market $184,999 Active 28 DOM
8. 2026-06-08
   days on market $184,999 Active 27 DOM
9. 2026-06-07
   days on market $184,999 Active 26 DOM
10. 2026-06-04
    days on market $184,999 Active 23 DOM
11. 2026-06-03
    days on market $184,999 Active 22 DOM
12. 2026-06-02
    days on market $184,999 Active 21 DOM
13. 2026-06-01
    days on market $184,999 Active 20 DOM
14. 2026-05-31
    days on market $184,999 Active 19 DOM
15. 2026-05-12
    listed $184,999 Active
16. 2025-10-03
    historical
17. 2025-06-06
    listed $189,999 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 4/10 Moderate FEMA zone X · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 23 unhealthy d/yr today · 26 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,005
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$3,520
• − Management: −$3,520
• − Depreciation: −$5,382
• Taxable income: $17,520
• Est. tax owed @ 24.0%: −$4,205
• After-tax cash flow: $15,218/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: Ontario-Montclair
• NCES district ID: 0628470
• Math proficiency: 35% ▲ 4.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $50,668
• Composite: 36.57/100
• National rank: #9282
• State rank: #731 of 1400 in CA

Livability — Ontario

• Score: 63/100
• State rank: #435
• US rank: #14949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ontario, CA
• County: San Bernardino County · 2,030,291 people
• City population: 183,440
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 62,935
• Household income: $100,578
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 1853.0

Population outlook (San Bernardino County) Hauer SSP2

• Today (2025): 2,300,329 people
• By 2030: 2,378,907 · +3.4%
• By 2040: 2,523,137 · +9.7%
• By 2050: 2,642,388 · +14.9%
• By 2075: 2,880,769 · +25.2%
• By 2100: 2,909,436 · +26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 23% White 15% Asian 9% Black 6% Native American 2%
• Hispanic origin (detail): Mexican 59%
• Common ancestry: Iranian 1% Lithuanian 1% Italian 1%
• Foreign-born: 24% · Canada, China, Vietnam
• Languages at home: 51% English-only · Spanish 41% Chinese 3% Tagalog/Filipino 1%

Political lean MEDSL · San Bernardino

• 2024 margin: Toss-up / Even · D 47.5% · R 49.7% · Other 2.8%
• 2008→2024 swing: -8.5pp toward R · 2008: 6.3pp · 2024: -2.1pp
• All cycles: 2024: R+2.1 2020: D+10.7 2016: D+9.8 2012: D+5.4 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -374.91%
• Current HPI: 400.5674
• Rent YoY: ▲ 2.39%
• Metro: Riverside-San Bernardino-Ontario, 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

-2.6% since first listed

3 events — show timeline

• 2026-05-12 Listed $184,999 CRMLS
• 2025-10-03 Listing Removed — CRMLS
• 2025-06-06 Listed $189,999 CRMLS

Property tax history

-3.1%/yr

Latest (2025): $125 · +0.3% YoY. Source: county tax records.