One of the lowest priced senior communities in Orange County happens to be located in Huntington Beach near the cross streets of Main Street and Garfield Avenue. The community is commonly referred to as the Huntington Harbour Village Senior community and is strictly dedicated for those older than 55 years of age. The complex is an iconic Spanish style architectural community that was built in the early 1980's and has a lot of charm and personality. This is a secure gated complex with a location that is within walking distance to local shopping and restaurants. The best part about buying here at this many of the condos listed for sale here can be purchased for under $200,000.
One of the key things to remember in living here is that you have to be at least 55 years of age to live here but anyone can purchase these properties for investment purposes. One bedroom units in this complex normally rent for around $1,625 a month. Another key item to mention is that there is a land lease on this complex that is reported to expire on January 1st, 2035. The land lease amount for one of the homes currently listed for sale is at $284.98 and paid on a monthly basis. This is in addition to the monthly homeowner association dues that is estimated at $170.02 a month which covers water, sewer, trash pickup, building insurance and gated parking. So HOA dues plus the land lease are paid on a monthly basis which is approximately $455.00 a month. This is a pretty sizable fee for living here and would be paid on top of any mortgage payments, taxes and insurance.