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Saturday, Sep 23, 2023

Reseda Home Park Sells for $13 Million

A 108-space mobile home park in Reseda has sold for $13.1 million. The Reseda Mobile Estates, at 6545 Wilbur Ave., was purchased by Reseda mhp Associates LP of Anaheim from Reseda Mobile Associates LP, according to real estate data firm CoStar Group Inc. “Reseda Mobile Estates is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San Fernando Valley rental market,” said Briana Barbier, senior associate and member of Marcus & Millichap’s National Manufactured Housing Communities Group in San Diego, who represented the seller. “There were multiple offers on this property and the bidding process in today’s quality-starved marketplace was very competitive,” she added. The 8.5-acre property was built in 1960 and is comprised of mostly doublewide homes. Amenities include two clubhouses, a swimming pool, spa and a poolside patio with barbecues and outdoor showers. There are no vacancies, according to CoStar. The community receives municipal water and sewer services and all utilities are sub-metered or passed through to the residents.

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