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Updated over 5 years ago,
How to develop a manufactured housing community in Los Angeles
Hi BP community,
I was curious as to what are your thoughts on building a manufactured housing community in the City of Los Angeles. Is this feasible or a pipedream? If it is feasible, what are some ways of getting it started? With home ownership out of reach for the middle class in Los Angeles and rental costs skyrocketing, I think people would be interested in alternative solutions.
The community I was thinking about involves a combination of manufactured homes and mobile homes (tiny homes and RVs). Residents would pay for rent for the land while they maintain ownership of the house.
Some roadblocks I see are NIMBYism (not in my back yard) due to the social stigma of mobile home parks, zoning laws (which I'm not that familiar with in Los Angeles), and cost of land.
I think it might be an attractive investment if it could be done due to low maintenance, low capex, and lower vacancy due to the added costs of moving the home.
Thanks!