Huntington Beach Senior Condo Community

Posted by Sam Smith on Monday, January 11th, 2016 at 4:56pm.

Huntington Beach is home to some of the most popular senior housing communities which normally comprise of homes located in the Huntington Landmark neighborhood. There is also a very popular senior condo community located at 18900 Delaware Street in South Huntington Beach.  The complex is located between Main and Beach Blvd and reserved for those who are older than 55 years of age.  Most of the time you need to be at least this age to purchase a property but in this community you can be of any age except the occupants who live here, whether it be owner-occupied or a tenant must be at least 55 years old.  This is a 3 story building with a private elevator, guest parking, recreational room and community laundry.

One of the unique parts of this community is that it is under lease land with monthly lease payments required.  The Land Lease is reported to expire in the year 2035.  Monthly land lease payments may increase since they follow the consumer price index which is estimated at 1 to 3% yearly.  The complex is within walking distance to the popular 5 Points shopping center that has popular stores like Trader Joe's and great restaurants.  The location is approximately three miles to the beach and a short distance to the 405 freeway.  Real Estate prices are very affordable with condo prices in the low $100,000 range.  Homeowners association dues currently run $175.00 a month plus the additional lease land cost.  For those looking for a quality senior building this could be the ideal place to live.

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