| Name
of Park: |
Laguna
Vista Mobile Estates
|
| Address: |
276
North El Camino Rd., Oceanside, CA
|
| Price: |
$7,450,000
|
| Number
of Acres: |
43.77
|
| Number
of Spaces: |
272
|
| Occupancy: |
100%
|
| Year
Built: |
1950
and 1960
|
| Type
of Homes: |
Doublewides
|
| Amenities: |
Clubhouse,
large greenbelt areas, eight small lakes, pool,
spa, tennis courts, car wash, and craft shop.
|
| Rent
Range: |
$360-$490
Average $416
|
| Lease
Terms: |
Five-year
lease agreement, which is exempt from the local
rent control ordinance, and month-to-month lease,
which is subject to rent control
|
| Utilities: |
Water,
sewer and trash are all submetered to the tenants
|
| Resident
Composition: |
All
Ages
|
| Name
of Non Profit: |
City
of Oceanside subject to a fifty year ground lease
|
Debt
Service Coverage
on Senior Secured Debt: |
125%
on Adjusted Gross Revenues plus earnings and 100%
of debt service on the Bonds plus all Operating
and Maintenance Cost |
click
on images for larger view
|
|
|
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
|
