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Property Q&A in La Puente : Real Estate Advice

  • All49
  • Local Info4
  • Home Buying16
  • Home Selling0
  • Market Conditions1

Activity 22
Fri Feb 7, 2014
andreaseefeldt asked:
This question was asked from this property:
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Wed Oct 9, 2013
Armen Aroyan answered:
3 bed 1 bath, house size: 1,006sqft; lot size: 6,229sqft
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Mon May 20, 2013
mary_ramos asked:
Have a buyer for this house.

This question was asked from this property:
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Thu Aug 2, 2012
John Arendsen answered:
We certainly don't mind answering your questions, however, before you ever put down any money on a MH in a rent/lease park/community you will need to get accepted by the park management at which time they will disclose the space rent, utilities, all related fees and costs and disclose the rule and regulations. 

There are some other things you need to know about purchasing a manufactured home as well. If it's a pre HUD, built before June 15, 1976 there could be some issues with caustic and carcinogenic chemicals i.e. formaldahyde, asbestos, etc.

Additionally, trying to obtain financing for a Pre HUD home is very difficult. 

You also need to have the home thoroughly inspected by an experienced Manufactured Home inspector and not just any home inspector. There are several nuances about manufactured homes that an inexperienced MH inspector doesn't even know to addresss. 

Make sure they check the understructure (crawl space area) to see what kind of condition all the piers and pads are in and if the home is level. The also need to check for rips and tears in the vapor barrier (membrane seperating the ground from the floor and holding the insulation in place.

They also need to look for any signs of drainage issues i.e. standing water, soil erosion, gaping cracks in the soil, etc. Many parks/communities were built in flood plains and have an inherent problem with drainage issues which can lead to instability of the piers and pads and mold issues. 

Make sure that the home has a Housing and Community Development Department (HCD) approved Earthquake Resistant Bracing System (ERBS) in place as that area is in a zone 4 seismic area and manufacture homes are extremely vulnerable to earthquakes.

If you have any other questions or concerns please do not hesitate to contact us. Even though we do not service your area we would be more than happy to help you at no cost. We have been in the manufactured home business for almost 30 years and are a licensed general and manufactured home contractor, manufactured home dealer and developer and a real estate broker.

While we do not service the Palm Desert/Palm Springs area in the sales of Manufactured Homes we do have a very predominant presence throughout the entire desert region and interface with lenders and RE professionals throughout the area with the lending process.

In order to secure the required Housing and Community Development Department (HCD) 433a documentation and foundation repair, retrofitting and installation requirements for a "Resident Owned Manufactured Home" you will be required to obtain an "Engineered Certification" We provide these services.

Presently I'm involved with the proposed development of a waterfront 5 star hotel & resort on the North shore of the Batiquitos Lagoon and directly across the street from Pontos, a very popular surf beach in Carlsbad, CA. The resort is approved and practically totally entitled and shovel ready for construction. 

We were ready to move forward with the construction in 2007 and had a construction loan secured from Wells Fargo. But as you know that's when the economy went South and the rest is history. We now feel confident that the tables are finally turning and it's time to bring the project out of the mothballs.

Hilton is in the final stages of completing a hotel resort on the North shore of the Batiquitos Lagoon directly across from our location. directly across Coast Highway 101 The La Costa Resort is has been approved to build a 134 unit Condo Hotel right on the beach.

Additionally, all these resorts lie in the path of progress and are in the gateway of a very aggressive redevelopment campaign that has already started. This resort will be the only 5 star resort between Carlsbad and Del Mar on Coast Highway/on the beach.

Bottom line we are looking for a minimum of 7.5 millon and a maximum of 10m to build out the project including FF&E. As an added value this project has also been approved for a fractional ownership which will produce an additional income stream potential of betwen 25 and 40 million by the time all the fractions are sold.

Inasmuch as the hotel daily rack rate will be able to generate a profitable revenue stream on its own merit we don't have to take an aggressive posture in marketing the fractions. Once the construction as been completed we will need to secure a long term take out loan and relieve the construction loan.

If this sounds like it might be of any interest to you we will be happy to send you out a loan package with a performa and cash flow projections. Looking forward to hearing back from you.


John DL Arendsen
Cell: 760 815-6977
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Mon May 7, 2012
anna.eric asked:
This question is about this property:
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Mon Oct 3, 2011
Jimmy Esqueda answered:
I agree with Emily. Really a matter of outweighing the consequences.
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Fri Jul 1, 2011
Wooyene asked:
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Tue Jun 28, 2011
Luz asked:
This question is about this property:…
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Sun Apr 24, 2011
Americalopez89 asked:
This question is about this property:
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Sun Apr 17, 2011
Emily Knell answered:
Please email me directly for that information, I can't blast out that info on Trulia.
562-430-3053 cell
Realtor Since 1996
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Sun Jan 31, 2010
Ming asked:
This question is about this property:
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Tue Jan 5, 2010
Cesar Benitez asked:
This question is about this property:
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Sat Nov 14, 2009
Shel-lee Davis answered:

The answer really depends on what you are referring to when you ask about "real estate public auctions".

1. For some people, "public auctions" are those that occur at the convention center, where you get a book with land, houses, commercial property, etc. and there are hundreds of properties to choose from. They are handled by an auction house, like Wiliams & Williams. The financial requirements are spelled out in the auction book or on their web site. Usually, they require $5,000 (cashier's check or cash) on the auction date and you have 30 days to complete your financing. Usually, you receive clear title and title insurance. Usually, you are able to go and view the property on specifically scheduled inspection dates. Usually, if you do not complete the purchase, the maximum you will lose is your $5000, and there are some reasons for not completing the purchase where you would actually get your deposit refunded. Any exceptions to their normal policy will be clearly stated in the auction book and often announced before that particular property goes on the auction block. Many people have gotten a great deal on a home for themselves, a family member, or on their first investment property. If you read the rules and make your inspections, this is no different than buying a bank owned property that is listed on the MLS.

2. For some people "public auctions" are the Trustee Sale. These take place on the courthouse steps (literally on the steps, not inside the building, so bring an umbrella on rainy days). Here you must pay cash for your full bid amount. You receive a Trustee's Deed, not a grant deed. You are responsible for your own title search and title insurance. You buy subject to all SENIOR liens. You don't get to inspect the property before buying, and you can't back out if you find out you bought a headache. This is a place for people who are experienced, have great teams of lawyers, title people, contractors, etc. and can afford to gamble and lose every now and then. This is no place for a novice looking to buy their first home, and this is definitely not the place for someone with limited cash resources.

Hope that clears things up a bit. If you have further questions, please feel free to contact me directly or ask additional questions through this forum. Dare to Dream.

Shel-lee Davis, CDPE
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
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Mon Aug 3, 2009
Michael Barron answered:
Hi there John, Its a great property. When do you want to see it?

Michael Barron
Reo/Short Sale Specialist
First Team Real Estate
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Sat Aug 1, 2009
John asked:
This question is about this property:
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Fri Jul 3, 2009
Ben Nicolas answered:
also per new state of CA law you have to be given a 90 day notice prior to eviction and if you live in an area that is rent controlled you have additional protections

see link below

M. Ben Nicolas
IET Real Estate
310 874-1278 cell
310 626-9690 fax
CA Lic # 01458128
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Fri Jul 3, 2009
Kiet Truong answered:
sold already.

Kiet Truong
Kotai Realty
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Mon May 18, 2009
M.D.J answered:
If your interested on being notified when this property will be available as well as others let me know.
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Mon Mar 9, 2009
Walter 'Skip' Kersten answered:
Hi Peter,
The property went into escrow on 1/8/2009. The sale is currently pending. Email or call if you want help finding something similar.
Best regards, Walter
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Sat Mar 7, 2009
Peter asked:
This question is about this property:
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