MHRV ADVISORS: This is a rare opportunity to purchase one of the newest 5 Star, 55+ (Senior) Manufactured Housing Community in Southern California. Built in 1990 & 2005 the quality of the park, tenants, homes and infrastructure makes this park a rare investment opportunity.
There is inherent value both now and in the future value from ownership of this park with the upside in rents at $399 per space (lower than market of $500+) with no rent control and an additional 31 brand new 1st generation luxury spaces. Expenses are very low with direct billed electric, gas and water, passed through trash and sewage and newer more modern construction that older parks.
Amenities include a clubhouse, pool, laundry, playground, RV Parking and Green Belt areas. The 2005 phase is on city sewer and 1990’s section is on a treatment plant that is excellent condition.