Fernwood Mobile Home Park is a beautiful, all doublewide homes manufactured housing community in the very strong market location of Stanton in the middle of Orange County. The sites rents are $825‐$1,150 pus submetered gas and water, and sewer and trash. The electric is directly billed. There is no rent control in the City of Stanton. A recent, comprehensive Orange County rent survey put the average, all ages, site rent in Orange County at $1,513 and average occupancy rate at 99%. The community has a clubhouse, pool, and spa. The seller originally leased the land to a MHC developer for 55 years and the lease expires in May, 2025. The annual land rent is $282,888, and if the park was owned today without the lease, the capitalization rate would be approximately 4.0%
