Originally developed in 1953, the 256-unit Pacific Mobile Home Park in Huntington Beach, Calif. was sold to a private investor in Orange County for just under $50 million. Set on 18.19 acres, the single and multi-section community of manufactured homes includes a pool and a clubhouse. Greg Sullivan of WD Land, representing the seller, says, “Residents are within walking distance to a world renowned beach, an awesome downtown area with great restaurants and night life and the additional bonus of excellent schools.” As MHProNews learned from sbwire.com, the community was a long-time family-owned property that decided it was a good time to sell.
1 thought on “Manufactured Home Community Sold to Investor”
James Cook
visited the park while in contract, and valuation for CA park, in that location, with rent growth, high home values, and SOLID demand, is reasonable. Possibly left several million on the table, but fair deal for all.
visited the park while in contract, and valuation for CA park, in that location, with rent growth, high home values, and SOLID demand, is reasonable. Possibly left several million on the table, but fair deal for all.