Hidden Village Mobile Home Park

Property Description:

Very nice, 4 star, 55+ senior manufactured housing community, the type and quality that everyone likes to own. All 50×70 feet doublewide sites currentlyoccupied by 67 doublewides and 14 singlewides, 100 amp electric, and city sewer and water utilities. Large clubhouse with rec room, kitchen, library, billiards room, and indoor shuffleboard now used as storage. Other amenities are a swimming pool, spa, and RV storage. Site rents are very low because of rent control at $301‐$446 plus submetered gas, electric, water, and flat rate sewer at $26.34. City of Yucaipa rent control ordinance allows annual rent increases at 80% of cpi with a 5% maximum and no vacancy decontrol. Sales includes three rental mobile homes.

Park has not had a vacancy since it was filled in the 1970’s, and because of the very low rents, is
better than a bond.