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Mobile Home Park Home Owners Allegiance

This Agreement is entered into this day, October 9, 2007, by and between Vista Diablo Mobile Estates LLC, a California limited liability company, the Owners of Vista Diablo Estates ("Owners"), a mobile home park located in Antioch, California ("Vista"), and the CITY OF ANTIOCH ("City").

  1. New Residents:
    1. All monthly rents for new residents will be no higher than $950 for two years from the execution of this Agreement by all parties to begin no later than October 1, 2007 and terminate as of September 30, 2009.
    2. For the ten (10) year period of this Agreement, annual rental adjustments in leases offered to new incoming residents shall be based on the percentage increase reflected by the "Consumer Price Index for All Urban Consumers, San Francisco-Oakland-San Jose (1982 - 1984 = 100)" ("CPI"), but with a 5% minimum. If the CPI is changed by the federal government so that the 1982-1984 base year used in this Agreement changes, the CPI will be converted per the conversion factor published by the U.S. Department of Labor, Bureau of Labor Statistics. If the CPI is discontinued or revised during the term of this Agreement, the other governmental index or computation which replaces it will be used to obtain substantially the same adjustment which would occur if the CPI had not been discontinued or revised.
  2. Existing Lessee Residents: All monthly starting rents of $1100 (spaces 19, 50, 116, 104, 140) will be reduced to $950 per month for two years from the execution of this Agreement by all parties to begin no later than October 1m 2007 and terminate as of September 30, 2009. All other provisions of their lease agreements will continue to apply. Upon the expiration of this two-year period, $950 will be the base rent to which the annual rent adjustment fonnula in the lease shall apply.
  3. New Lease Offers to Existing Residents: For the ten (10) year period of this Agreement, offers for new leases of one year or more to existing residents on expiration of an existing long term lease (with a term of one year or more) shall be offered at a monthly rental rate no higher than the rent at the expiration of the prior lease. The annual rental adjustments in such new leases shall be based on the percentage increase reflected by the "Consumer Price Index for All Urban Consumers, San Francisco-Oakland-San Jose (1982 - 1984 = 100)" ("CPI"), but with a 5% minimum.

2007-09-19 – Vista Diablo Mobile Estates Settlement Agreement

I USED TO BE YOUR NEIGHBOR... THEN KORT & SCOTT BOUGHT OUR MOBILE HOME PARK.
  • Address: 2901 Somersville Road, Antioch, California 94509
  • County: Contra Costa
  • Phone: 925-757-9321
  • Spaces: 150
  • Type: 55+
  • 2018 Space Rent: $1,450
  • Purchased: Nov 1995, Amount: $4,500,000
  • Refinanced 1: Nov 1998, Amount: $5,415,000
  • Refinanced 2: Jan 2005, Amount: $9,000,000
  • Refinanced 3: Jan 2007, Amount: $11,750,000
  • Refinanced 4: Jun 2016, Amount: $16,000,000
    Loan Type: Fannie Mae SARM, Chad Thomas Hagwood
  • Management: Sierra Corporate Management
  • DBA: Vista Diablo GP LLC, Vista Diablo Mobile Estates LLC, Vista Diablo Mobile Estates LP
  • DBA Filing: Sep 1995, Jan 2005

Resident 1 – Space Rent Increases 1999-2017
Kort & Scott Purchase: Circa 1995

Hover/move your cursor over the line charts to display comparison data.

Resident 2 – Space Rent Increases 2004-2017
Kort & Scott Purchase: Circa 1995