Riverside, CA Mobile & Manufactured Homes for Sale | realtor.com® (2024)

FAQs

Is it good to buy a mobile home in California? ›

In California, buying a mobile home (also called a manufactured home) is an affordable alternative if you want more space for your money. They cost less per square foot compared to traditional houses while providing the same comforts and security.

How much does a manufactured home cost in California? The average starting price range for the construction of a modular home or manufactured home is $90 to $160 per square foot. The average starting cost of a 1,800 square-foot prefabricated home is $162,000.

Manufactured homes may not hold value like traditional homes but may keep it better than other assets, such as vehicles. The value depends on the housing market, price and age of the house, inflation rate, maintenance and upkeep and other factors.

If your mobile home sits on your own land, there are a few options to sell your home in California: for sale by owner, through a real estate agent, or listing with a dealer.

Additional disadvantages to mobile homes have to do with them typically being located in a mobile home park. Despite "owning" your actual home, you will still have a landlord, to whom you will have to pay rent and answer to for your compliance with park rules.

Down payment and credit score minimums

Prepare to make a down payment of at least 10–20% of the purchase price. Additionally, a credit score of 580 or higher is generally needed to qualify for mobile home financing, although some lenders may have higher requirements.

Manufactured homes in California are generally subject to two taxes: Sales tax or use tax at the time of sale or resale, and. Either the annual local property tax or the annual vehicle license fee, which is also called an in-lieu fee.

The lifespan of a mobile home can vary greatly depending on several factors, such as the quality of construction, climate, and how well the home has been maintained. On average, a mobile home can last around 30-55 years, however, with proper care and maintenance, they can last much longer.

Although they may generally have the same meaning, for California property taxation purposes, the term mobile home is now obsolete and was changed to manufactured home in California Revenue and Taxation Code section 5801 in January 1992.

In most of the country (non-hurricane-prone areas), manufactured homes are built to withstand sustained winds in the range of 70 miles-per-hour. Above this range, a manufactured home will experience some form of damage.

Are mobile homes ever a good investment? ›

Despite their affordability, mobile homes have historically been associated with depreciation, unlike traditional homes which typically appreciate over time. This has led to varied opinions on their investment potential. However, the landscape is changing, with many investors finding success in the mobile home market.

Manufactured homes may be installed on a permanent basis on private property subject to a permit and approval by the Building and Safety Division. Whether a manufactured home is permitted or not is determined by the land use zoning district of the intended location.

Anyone wishing to become a manufactured home, mobilehome, or multifamily manufactured home (collectively referred to as “MH-units”) or commercial modular dealer or salesperson in California must obtain and maintain an active HCD license.

Many Real Estate Brokers are charging 6% to sell your used mobile or manufactured home in Orange County or LA County. If you have a $100,000 home, the commission will be at least $6,000. Mobile Home Dealers generally charge a flat rate commission to sell your mobile home which can also be $6,000.

A. The amount of property taxes on your mobilehome is determined in accordance with State law and is limited to $1 per $100 of assessed value of your mobilehome, except for certain direct assessments applied by cities and districts and special taxes approved by local voters.

A low down payment: Qualified buyers can purchase a manufactured home with as little as 3.5% down. Easier qualifying: Even if you have issues with your credit history and credit score, you may still qualify for a home loan from Cascade Loans.