California Mobilehome Park Financing Authority

Name of Park:

Vista Manor Mobile Home Park

Address: 200 Olive Avenue, Vista, CA

Price: $5,950,000

Number of Acres: 20

Number of Spaces: 159

Occupancy: 100%

Year Built: Approx. 1965

Type of Homes: Primarily doublewides

Amenities: Clubhouse, pool, playground, and laundry room

Rent Range: $395 Average

Lease Terms: All spaces governed by a City-approved model lease that allows for CPI increases and a variety of passthroughs.

Utilities: Gas and electric are submetered, and residents pay for their usage. Sewer is billed at a flat rate to each space. Park owns the utilities.

Resident Composition: All Ages

Name of Non Profit: Caritas of Vista

Debt Service Coverage
on Senior Secured Debt:
1.29X


click on images for larger view

Franciscan and Town & Country:

                                  

Rancho Del Arroyo:

                                  


  Kinsell, Newcomb & De Dios

2776 Gateway Road
Carlsbad, CA 92009

500 West Santa Ana Blvd,
Ste 350 Santa Ana, CA 92701

Phone: (858) 793-5900
or (760) 444-1000
Fax: (858) 793-8340
or (760) 444-1031

info@kndinc.com