141 E Coronado Ln · Tustin, CA 92780

$180,000

3 bd · 2.0 ba · 1,368 sqft · Manufactured · 109 Days on market

Built 1985 11 ac lot $132/sqft · 6% below area Est $192k · 6% under ↓ 13% 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
• ARV discount +10.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the 55+ Tustin Village Mobile Home Park! This beautifully maintained 3-bedroom, 2-bath manufactured home offers comfort, style, and convenience in a peaceful community setting. The home features a spacious living room and an inviting kitchen complete with a charming sleek countertops, and ample cabinet space—perfect for both everyday living and entertaining. There is also a brand new roof as well. There is a primary suite and with a private en-suite shower with vanities and generous storage. Two additional bedrooms offer great flexibility for family, guests, or a home office. One of the bedroom as its own entrance, could be a possible extra income earner. The interior also includes modern lighting, an indoor laundry room with electric hookups, and thoughtful finishes throughout. Step outside to enjoy a cozy backyard, along with a covered carport that fits up to 2 vehicles. Located near community amenities including a pool, spa, car wash, and laundry room. Just minutes from the 5 & 55 freeways, shopping centers, Old Town Tustin, schools, the zoo, Disneyland, and local beaches. Don’t miss your chance to own this move-in ready gem—schedule a tour today! FYI the home is virtually staged.

Key facts

• Covered carport
• Community amenities
• Cozy backyard

Tags

• NEW ROOF
• PRIVATE EN-SUITE SHOWER
• INDOOR LAUNDRY ROOM
• COZY BACKYARD
• COVERED CARPORT
• COMMUNITY AMENITIES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $180k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $180k).
• Recommended offer: $164k (9.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 1.9% in Tustin — 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 71/100 on livability (#215 in CA) — a middle-class / working-renter tenant base. Strengths: employment A+, commute B; Watch: health & safety D+, cost of living F.
• Tustin Unified (urban): math 46% / reading 65% proficiency, ranked #91 of 517 in CA (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.1%/yr); 71 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
• This rent runs 39% 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 $5k of value loss. Plan a longer hold.
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $50k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.80% ✓
• Cap rate: 15.08%
• Cash-on-cash: 31.38%
• DSCR: 2.40
• GRM: 4.6

CMA / ARV

• ARV (median comp): $192,215
• List price: $180,000
• Delta: -6.35%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
129 S Colombo Ln	0.11mi	3/2.0	1,356 (-1%)	5mo	$219,000	$162	90
28 Rancho Rd	0.32mi	3/2.0	1,344 (-2%)	2mo	$280,000	$208	80
61 Saddleback Rd	0.32mi	3/2.0	1,344 (-2%)	5mo	$290,000	$216	78
99 La Ronda	0.28mi	2/2.0 (-1)	1,400 (+2%)	9mo	$168,000	$120	71
118 Estrella	0.38mi	2/2.0 (-1)	1,350 (-1%)	7mo	$148,000	$110	69
33 Estrella	0.39mi	2/2.0 (-1)	1,416 (+4%)	8mo	$282,500	$200	64
37 Estrella	0.39mi	3/2.0	1,440 (+5%)	13mo	$325,000	$226	62
115 Sonora Ln #126	0.16mi	3/2.0	1,500 (+10%)	17mo	$165,000	$110	62
30 Via Media	0.50mi	2/2.0 (-1)	1,344 (-2%)	11mo	$80,000	$60	60
31 Rancho Rd	0.38mi	2/2.0 (-1)	1,368 (0%)	21mo	$180,000	$132	59
108 E Balboa Ln	0.20mi	3/2.0	1,200 (-12%)	17mo	$212,000	$177	56
78 Consuelo	0.31mi	2/2.0 (-1)	1,470 (+8%)	16mo	$347,000	$236	55

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 · 4.12% rent growth · sell at horizon

5-year hold

• IRR: 27.5%
• Equity multiple: 2.16×
• Total profit: $58,505
• Equity at exit: $26,839

10-year hold

• IRR: 35.7%
• Equity multiple: 4.47×
• Total profit: $174,728
• Equity at exit: $15,563

Cash invested: $50,400 (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 92780

• Rents YoY: 4.1%
• Active inventory: 71
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $3,243 high
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$681
• Net cashflow: $1,318

Break-even live

Break-even rent $1,575

Max offer price $180,000

Occupancy floor 54%

Sensitivity live

Price	-10% $1,442	-5% $1,380	+0% $1,318	+5% $1,256	+10% $1,193
Rent	-10% $1,062	-5% $1,190	+0% $1,318	+5% $1,446	+10% $1,574
Rate	-1.0pp $1,408	-0.5pp $1,364	base $1,318	+0.5pp $1,271	+1.0pp $1,224

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16586 Montego Way Tustin, CA	3.0	2.0	1188	$3,900	$3.28	45d	1	0.22mi
15512 Williams St Unit A89 Tustin, CA	2.0	2.0	1047	$2,950	$2.82	45d	1	0.26mi
15502 Williams St Apt N Tustin, CA	3.0	2.0	1620	$3,650	$2.25	22d	1	0.28mi
2112 E 1st St Santa Ana, CA	1.0–4.0	1.0–2.0	939	$2,448	$2.61	16d	1	0.29mi
15512 Williams St Apt L Tustin, CA	2.0	2.0	1050	$2,595	$2.47	0d	1	0.29mi
340 Pacific St Tustin, CA	2.0	1.0	900	$3,095	$3.44	45d	1	0.30mi
15513 Williams St Unit Q013 Tustin, CA	2.0	1.0	910	$2,525	$2.77	16d	1	0.31mi
16571 Alliance Ave Tustin, CA	1.0–2.0	1.0	865	$2,100	$2.43	8d	1	0.32mi
15482 Pasadena Ave Tustin, CA	1.0–2.0	1.0–2.0	788	$2,936	$3.73	7d	6	0.33mi
15660 Tustin Village Way Tustin, CA	1.0–2.0	1.0	875	$2,695	$3.08	45d	1	0.35mi
15701 Tustin Village Way Unit A-12 Tustin, CA	2.0	1.0	1062	$2,850	$2.68	26d	1	0.36mi
15701 Tustin Village Way Tustin, CA	2.0	1.0	1062	$2,850	$2.68	16d	1	0.36mi
500 W 3rd St Tustin, CA	3.0	2.0	1751	$4,500	$2.57	45d	1	0.38mi
15652 Williams St Tustin, CA	1.0–2.0	1.0	862	$2,750	$3.19	45d	9	0.42mi
17045 Medallion Ave Tustin, CA	2.0	1.5	1200	$3,100	$2.58	45d	1	0.44mi
1901 E 1st St Santa Ana, CA	1.0–2.0	1.0–2.5	1267	$4,467	$3.53	0d	16	0.46mi
15731 Pasadena Ave Unit 16 Tustin, CA	2.0	1.0	1013	$2,600	$2.57	45d	1	0.46mi
15742 Williams St Tustin, CA	2.0	2.0	1100	$2,798	$2.54	3d	1	0.49mi
637 S Lyon St Santa Ana, CA	4.0	3.5	1853	$5,500	$2.97	14d	1	0.50mi
677 S Lyon St Santa Ana, CA	4.0	3.5	1853	$4,650	$2.51	22d	1	0.54mi
693 S Lyon St Santa Ana, CA	4.0	3.5	1853	$4,600	$2.48	45d	1	0.56mi
100 S Zoo Ln Santa Ana, CA	1.0–2.0	1.0–2.0	925	$4,987	$5.39	0d	26	0.57mi
15695 S B St Tustin, CA	2.0	1.0	1000	$2,795	$2.79	45d	1	0.59mi
15722 S B St Tustin, CA	2.0	2.0	1200	$3,050	$2.54	26d	1	0.63mi
1001 S Lyon St Unit 20-N Santa Ana, CA	2.0	2.0	1020	$2,650	$2.60	45d	1	0.65mi
1001 S Lyon St Unit 8-N Santa Ana, CA	2.0	2.0	1020	$2,850	$2.79	45d	1	0.65mi
1001 S Lyon St Unit 12-N Santa Ana, CA	2.0	2.0	1020	$2,800	$2.75	45d	1	0.65mi
1001 S Lyon St Unit 24-S Santa Ana, CA	2.0	2.0	1020	$2,800	$2.75	20d	1	0.65mi
17200 McFadden Ave Unit 06A Tustin, CA	2.0	1.5	1230	$3,195	$2.60	26d	1	0.65mi
17272 Walnut Ave Tustin, CA	1.0–2.0	1.0	750	$2,785	$3.71	4d	2	0.66mi
559 N Tustin Ave Apt E Santa Ana, CA	2.0	1.0	910	$2,550	$2.80	45d	1	0.68mi
587 N Tustin Ave Unit G Santa Ana, CA	2.0	1.0	910	$2,450	$2.69	45d	1	0.69mi
573 N Tustin Ave Apt H Santa Ana, CA	2.0	1.0	910	$2,500	$2.75	45d	1	0.70mi
15991 Altadena Dr Unit Domus Villas 16001 C Tustin, CA	2.0	1.0	990	$2,800	$2.83	23d	1	0.72mi
17062 Altadena Dr., 15991 & 16001 Pasadena AVE Tustin, CA	2.0	1.0	990	$2,900	$2.93	16d	1	0.72mi
15991 Bliss Ln Tustin, CA	2.0	1.0	990	$2,900	$2.93	23d	1	0.72mi
14300 Newport Ave Tustin, CA	1.0–2.0	1.0–1.5	943	$3,130	$3.32	3d	11	0.76mi
750 N Parkcenter Dr Santa Ana, CA	1.0–2.0	1.0–2.0	877	$3,606	$4.11	0d	10	0.79mi
14901 Newport Ave Tustin, CA	2.0	1.0–2.0	678	$3,206	$4.73	0d	7	0.84mi
1192 Mitchell Ave Tustin, CA	2.0	2.0	974	$2,800	$2.87	8d	1	0.87mi

Listing history 27 events

1. 2026-06-21
   days on market $180,000 Active 109 DOM
2. 2026-06-18
   days on market $180,000 Active 106 DOM
3. 2026-06-17
   days on market $180,000 Active 105 DOM
4. 2026-06-16
   days on market $180,000 Active 104 DOM
5. 2026-06-15
   days on market $180,000 Active 103 DOM
6. 2026-06-13
   days on market $180,000 Active 101 DOM
7. 2026-06-13
   days on market $180,000 Active 100 DOM
8. 2026-06-09
   days on market $180,000 Active 97 DOM
9. 2026-06-08
   days on market $180,000 Active 96 DOM
10. 2026-06-07
    pricedays on market $180,000 Active 95 DOM
11. 2026-06-04
    days on market $190,000 Active 92 DOM
12. 2026-06-03
    days on market $190,000 Active 91 DOM
13. 2026-06-02
    days on market $190,000 Active 90 DOM
14. 2026-06-01
    days on market $190,000 Active 89 DOM
15. 2026-05-31
    days on market $190,000 Active 88 DOM
16. 2026-05-14
    price $190,000 1238-char remark

    Show marketing remark (1238 chars)

    Welcome to the 55+ Tustin Village Mobile Home Park! This beautifully maintained 3-bedroom, 2-bath manufactured home offers comfort, style, and convenience in a peaceful community setting. The home features a spacious living room and an inviting kitchen complete with a charming sleek countertops, and ample cabinet space—perfect for both everyday living and entertaining. There is also a brand new roof as well. There is a primary suite and with a private en-suite shower with vanities and generous storage. Two additional bedrooms offer great flexibility for family, guests, or a home office. One of the bedroom as its own entrance, could be a possible extra income earner. The interior also includes modern lighting, an indoor laundry room with electric hookups, and thoughtful finishes throughout. Step outside to enjoy a cozy backyard, along with a covered carport that fits up to 2 vehicles. Located near community amenities including a pool, spa, car wash, and laundry room. Just minutes from the 5 & 55 freeways, shopping centers, Old Town Tustin, schools, the zoo, Disneyland, and local beaches. Don’t miss your chance to own this move-in ready gem—schedule a tour today! FYI the home is virtually staged.

17. 2026-03-04
    listed $195,000 Active 1238-char remark

    Show marketing remark (1238 chars)

    Welcome to the 55+ Tustin Village Mobile Home Park! This beautifully maintained 3-bedroom, 2-bath manufactured home offers comfort, style, and convenience in a peaceful community setting. The home features a spacious living room and an inviting kitchen complete with a charming sleek countertops, and ample cabinet space—perfect for both everyday living and entertaining. There is also a brand new roof as well. There is a primary suite and with a private en-suite shower with vanities and generous storage. Two additional bedrooms offer great flexibility for family, guests, or a home office. One of the bedroom as its own entrance, could be a possible extra income earner. The interior also includes modern lighting, an indoor laundry room with electric hookups, and thoughtful finishes throughout. Step outside to enjoy a cozy backyard, along with a covered carport that fits up to 2 vehicles. Located near community amenities including a pool, spa, car wash, and laundry room. Just minutes from the 5 & 55 freeways, shopping centers, Old Town Tustin, schools, the zoo, Disneyland, and local beaches. Don’t miss your chance to own this move-in ready gem—schedule a tour today! FYI the home is virtually staged.

18. 2026-02-20
    historical
19. 2025-11-22
    price $205,000
20. 2025-11-21
    listed $205 Active
21. 2025-11-07
    historical
22. 2025-08-19
    price $205,000
23. 2025-08-07
    price $209,999
24. 2025-07-28
    price $214,999
25. 2025-07-17
    status Active
26. 2025-07-14
    listed $219,000 Active
27. 2025-07-10
    historical

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥92°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,912
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$3,113
• − Management: −$3,113
• − Depreciation: −$5,236
• Taxable income: $13,767
• Est. tax owed @ 24.0%: −$3,304
• After-tax cash flow: $12,509/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: Tustin Unified
• NCES district ID: 0640150
• Math proficiency: 46% ▼ -6.00%
• Reading proficiency: 65% ▲ 4.00%
• Median HH income: $81,864
• Composite: 50.32/100
• National rank: #1880
• State rank: #91 of 517 in CA

Livability — Tustin

• Score: 71/100
• State rank: #215
• US rank: #6806

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tustin, CA
• County: Orange County · 3,096,323 people
• City population: 84,447
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 54,374
• Household income: $101,017
• Rent vs Own: 55.9% rent · 44.1% own
• Severe rent burden: 3031.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 52% White 27% Two or more races 16% Asian 14% Black 3%
• Hispanic origin (detail): Mexican 43%
• Common ancestry: Romanian 1% Slovak 1% Italian 1%
• Foreign-born: 33% · Canada, Vietnam, China
• Languages at home: 47% English-only · Spanish 40% Other Indo-European 3% Tagalog/Filipino 2%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -924.13%
• Current HPI: 482.9143
• Rent YoY: ▲ 4.12%
• 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

-13.2% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $190,000 CRMLS
• 2026-03-04 Listed $195,000 CRMLS
• 2026-02-20 Listing Removed — CRMLS
• 2025-11-22 Price Changed $205,000 CRMLS
• 2025-11-21 Listed $205 CRMLS
• 2025-11-07 Listing Removed — CRMLS
• 2025-08-19 Price Changed $205,000 CRMLS
• 2025-08-07 Price Changed $209,999 CRMLS
• 2025-07-28 Price Changed $214,999 CRMLS
• 2025-07-17 Relisted — CRMLS
• 2025-07-14 Listed $219,000 CRMLS
• 2025-07-10 Coming Soon — CRMLS

Property tax history

+0.1%/yr

Latest (2025): $8 · +2.7% YoY. Source: county tax records.