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5 STAR 55+ NO RENT CONTROL - for Sale in Los Angeles, California

Los Angeles, CA 93534

Sale Price: $14,000,000
Photo of Mobile Home Trailer Parks
Photo of Mobile Home Trailer Parks

Broker Information

Vince Reynolds Norman Sangalang
MHRV Advisors
www.mhrvadvisors.com

Mobile Home Park for Sale

Status: Active
Property ID: 108120
Posted on: Nov 16, 2011
Updated on: Nov 16, 2011
Price: $14,000,000

Property Description

MHRV ADVISORS: One of the nicest parks in LA County offers incredible lakefront living or greenbelt frontage for every site in this attractive community. Some spaces have enclosed yards and patios. It’s a High-Desert Oasis. Located in the unincorporated area of Los Angeles county this park does not have any rent control. Space rents are $382, $390, $409, $437 and $483 depending upon the size and location in the park. Electric is directly billed, Gas is submetered, Trash is a flat rate of $5.96, Capital Improvements are currently passed through at $11.00 per month. The park is served by city sewer and onsite wells for water.

All of the homes in the park are doublewide and in good condition. Amenities include a large clubhouse, pool, spa, gated entrance and the lake.

The park sits on approximately 37 acres leaving approximately 100 acres available for future development or expansion.

This is an incredible opportunity to purchase a 5 star, 55+ manufactured home community with expansion potential for less $67,000 per space. We have not seen a non rent controlled Los Angeles county community of this quality sell for under $70,000 in very long time.

>>> For a full market package please visit our website at http://www.mhrvadvisors.com

Vince Reynolds
(858) 456-5111
reynolds@mhrvadvisors.com

Norman Sangalang
(858) 456-5110
norman@mhrvadvisors.com

Location Description

<< DO NOT CONTACT MANAGER OR DISTURB TENANTS >> Any and all visits must be approved by listing brokers first. For more information please download the full Adobe PDF package from http://www.mhrvadvisors.com or call Vince Reynolds or Norman Sangalang for mobile home and RV parks for sale or refinancing and purchase loans. MHRV Advisors is a full cooperating brokerage firm that openly engourages agent and broker participation on all of our listings