Investment Property Group
Blog

San Juan Capistrano mobile home park sells for $8.25MM.

October 27, 2012 by · Leave a Comment 

A longtime battle between Capistrano Terrace Mobile Home Park residents and the park’s former owner, who sought to shut it down, has drawn to a close following an $8.25 million nonprofit purchase of the property. Read full article here.

Judge sides with Orange County California mobile home park owner

July 2, 2012 by · Leave a Comment 

By Mona Shadia… An Orange County Superior Court judge ruled against Huntington Beach and sided with a mobile home park owner looking to convert the land from rentals to for-sale. Pacific Mobile Home Park filed a lawsuit in August claiming the city broke the law when it turned down the park owner’s request to convert the land […]

Assembly Bill 317 would benefit mobile home parks in “second home” locations.

April 23, 2012 by · Leave a Comment 

Assembly Bill 317, which passed the state Assembly in January and is sponsored by Assembly Majority Leader Charles Calderon, would exempt mobile homes from rent control ordinances if the mobile home is not the owner’s only residence. Read article here

Yucaipa, CA mobile home parks must remain 55+ (senior)

February 20, 2012 by · Leave a Comment 

Four mobilehome park owners in Yucaipa, California appeal the dismissal of their suit under the Fair Housing Amendments Act of 1988 (“FHAA”) challenging a city zoning ordinance prohibiting any mobilehome park currently operating as senior housing from converting to all-age housing. Because the FHAA is silent on whether such senior-housing zones are permissible and because […]

The City of Santa Monica Ponders Spending a Bundle to Save a Mobile Home Park

December 9, 2011 by · Leave a Comment 

By Ashley Archibald CITY HALL — The City Council voted Tuesday to ask the owner of an embattled trailer park to sell his property, a potentially expensive proposition that would kill off planned city projects and that the trailer park ownership team has not considered in the past. The request comes at the end of over […]

San Juan Capistrano, CA – Deal pending for residents to buy mobile-home park

November 19, 2011 by · Leave a Comment 

BY FRANK SHYONG / THE ORANGE COUNTY REGISTER Residents and the owner of a San Juan Capistrano mobile-home park mired in bankruptcy proceedings are considering a deal that would allow the residents to purchase the park – potentially ending a years-long struggle over the property’s control and maintenance. The approximately 300 residents of Capistrano Terrace Mobile […]

Laguna Beach CA Mobile Home Park – Residents Make $41MM Offer to Purchase

September 16, 2011 by · Leave a Comment 

By: Rita Robinson… Residents of a 130-unit mobile home park have for the first time made a formal offer of $41 million to buy the property when and if it’s sold. The potential sale of Laguna Terrace Mobile Home Park at 30802 South Coast Highway has percolated for years, delayed by litigation and contested decisions. […]

Oceanside CA Mobile Home Parks – Rent decontrol is fair, saves affordable housing

August 11, 2011 by · Leave a Comment 

By Amy Epsten As the debate wages over vacancy decontrol in Oceanside’s mobile home parks, we need to set the record straight and take a look at how we wound up here. Most park owners are also seniors and veterans (like my grandfather) who built these parks in the 1960s to provide affordable housing and […]

Owners of Troubled Capistrano Terrace (Orange County CA) Mobile Home Park File Bankruptcy

July 17, 2011 by · Leave a Comment 

By Jonathan Volzke The owners of Capistrano Terrace Mobile Home Park in San Juan Capistrano have filed bankruptcy, the latest twist in the saga of the 60-year-old park where residents already faced the prospect of losing their homes. In a news release issued Friday, owners of the park, Capistrano Terraces Ltd., said they were forced […]

Huntington Beach CA Mobile Home Park – Council strikes down mobile home park’s subdivision plan

June 12, 2011 by · Leave a Comment 

A proposal that would have allowed a mobile home park at Huntington Street and Atlanta Avenue to convert from rentals to for-sale units was denied this week by the Huntington Beach City Council. With a 6-1 vote, the council upheld Monday a Planning Commission recommendation to stop the park from subdividing the land. Councilman Devin […]

« Previous PageNext Page »

Investment Property Group