Table of Content
Kids 1 & 2 share their 10M each with 3 & 4 and now each kid is 5M richer. 3 & 4 pay the mortgage with the rent increases. Star management bought my park and is intending on renting out all the empty units, us owners weren’t told about this and this has also affected my potential sales sue to the fact that there wont be any owners pride.
Please multiply $680 by 387 by 12 to see what the return on investment is currently. Does see that over $3.1 million is more than enough to pay for a site manager and any maintenance needed at the mobile home park that is not already taken care of by the mobile homeowners. At the $1,000 per lot rent proposed that would be $4,664,000 per year. We do need rent control or serious investment in more affordable homes that are mandated to stay affordable.
E Orangethorpe Ave, Anaheim, CA 92801-1017
It now is dumpy and she crams the houses in so close that a few people left after having a home put on top of theirs. I left that place a few yrs back, I suggest looking, elsewhere. You are obviously connected to your community and value good journalism. As an independent and local nonprofit, our news is accessible to all, regardless of what they can afford. Our newsroom centers on Orange County’s civic and cultural life, not ad-driven clickbait.
The Master Bedroom Suite includes an Extra Large Sleeping Area, a Master Bath with Two Sinks and a Full-Size Shower. The Guest Room is Also Roomy with easy access to the Guest Bathroom across the hall. You must see this great home before it's too late.
Other Listings by Peter Jorde
This will result in ALL of the current homeowners being displaced. You don’t want the tenants to leave the city; however, – arguably – investors feeling would result in a much worse outcome. I will agree, without hesitation, we do have an affordable housing crisis.
You can also narrow your search to show specific community types using the sort and filter options available. Choose from senior communities, all-age communities, resident-owned communities, pet-friendly parks, and several others. Find the perfect park in Anaheim using the tools above.
Rancho la Paz Mobile Home Park, Anaheim, CA Real Estate and Homes for Sale
Copyright© 2022 California Regional Multiple Listing Service, Inc. Rancho La Paz is an affordable housing choice for active, friendly, age-qualified living. This well-maintained retirement community has easy access to local recreation, shopping and entertainment. Based in Grand Rapids, Michigan, MHVillage Inc. is the nation’s premier online marketplace for buying and selling manufactured homes with more than 25 million unique visitors annually.
In other parks that have higher rent… the homes cost less….but at La Paz there were bidding wars because of the lower space rent. We were told by the office and the real estate person that the Park was “family owned” and that typical raises in rent were no higher than 5%. Mobile homeowners at Rancho La Paz already pay for all utilities. Here the mobile home parks are being bought by shark investors who have done the same thing in many cities. Here the rent for spaces is being increased by 55%.
Public Facts and Zoning for 21 Magnolia #353
Copyright © 2022 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. In desperation, one resident contacted local elected officials of both cities, and reached out to the California Mobile Home Assistance Center, and Orange County Fair Housing, among other agencies. So far only Anaheim Councilmember J. Moreno and Fullerton Councilmember Ahmad Zahra have returned the resident’s call for help saying they would look into it.
Rancho La Paz is a Premium Senior (55+) Mobile Home Park with a Great Community Center, Sparkling Pool and Relaxing Spa. Residents here are close to shopping, restaurants, and activities of all kinds. As far as additional revenue this will generate would be in the 1.2 to 1.5 million dollars of additional cash flow for a park that doesn’t require any immediate improvements.
Our reporters hold powerful interests accountable to protect your quality of life. “It’s been a lot of trial and error on how we’ve gone about this. I thought that when we first started going to talk to the city councils, I thought they were going to be sympathetic — boy, not in Anaheim,” Ramirez said. Quirk-Silva said very few cities have been willing to issue rent control ordinances. Check your credit score before applying to this mobile home community.
Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion. Rancho La Paz senior mobile home residents now have a state law to shield them against rent spikes throughout the park — which straddles Anaheim and Fullerton — after more than two years of activism on the issue. Redfin does not endorse nor guarantee this information. By providing this information, Redfin and its agents are not providing advice or guidance on flood risk, flood insurance, or other climate risks.
However, its agent Paracorp LLC is also the agent for a Peace Ranch LLC registered as a foreign company in 2018 with address 1830 E. Sahara Dr., Ste 114, Las Vegas, Nevada 89104. If you're looking to sell your home in the Rancho La Paz area, our listing agents can help you get the best price. This property is perfect for two families looking for units. Walking distance to Fullerton's Soco District, Fullerton High School, Fullerton Community College, Costco, AMC theatres and large shopping centers.
They, first and foremost, are looking for a return on their investment, regardless of any altruism involved . When rent control measures are put in place, the investor either cannot make money, or has a difficult time obtaining a determined ROI on his/her investment. Therefore, they will weigh the costs to scrap the entire park and build cash flowing apartments, storage units, or something else.
