How you get to work car, bus, train or other means and how much of your day it takes to do so is a large quality of life and financial issue. In a place like Silicon Valley, where tech salaries are among the highest in the country and the housing market is among the most competitive, it wont be hard to find someone willing to pay $1,600 or more for space rent. "That's sick. Plaza del Rey Park median real estate price is $244,294, which is less expensive than 96.0% of California neighborhoods and 62.6% of all U.S. neighborhoods. Housing | 1225 Vienna Drive, #731 Plan, Plaza Del Rey, Sunnyvale, CA 94089. Right now, Plaza Del Rey is offering a 2022 model year, 2 bed/DEN/3 bath, 1580 sq. Having a young family, he didnt want to rent anymore. David and Patty Klemash, who have lived at the park for 22 years, were hoping to move to Idaho to be closer to their children. Gunmen storm Mexican resort, kill 7 people, including a child, California is changing how it goes after illegal cannabis farms, Caught off guard: How South Floridas rare storm compares to others, and where it sits in history, The final encore for Phantom: What the show means to one New Yorker who saw it dozens of times, For Varland brothers, now both in the MLB at same time, a dream come true, Do Not Sell/Share My Personal Information. Space rents have increased at insane rates over the past years, and space rent for new buyers is currently $2,380/month for most . The park was close to her job, and its affordability meant that she could get a two-bedroom, allowing her to care for her late mother, who had Alzheimers disease. About This Home Wow! The Plaza Del Rey Residents Association started with a foundation of many Home Owners who joined together to support each others best interest for the community of PDR. It's true! Contact one of our representatives today to view this classic home and learn more about flexible financing and promotional incentives! SUNNYVALE, Calif. (KRON) In Sunnyvale, residents living at the Plaza Del Rey mobile home park have grown concerned over rent increases and how that has impacted residents looking to sell their homes. 1225 Vienna Dr #217, Sunnyvale, CA 94089 $175,875 Redfin Estimate 2 Beds 2 Baths 1,344 Sq Ft Off Market This home last sold for $125,000 on Nov 4, 2021. The MOU was developed by Hometown America and Plaza Del Rey owners, rather than impose a rent stabilization ordinance that will regulate numerous items including maximum annual rent increases, maximum rent increases upon sale of your mobile home, and how to support residents with financial hardships. Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. In some cases thats more than double what the current residents pay. View Home: Fox Hollow 690 Persian Drive #52 Sunnyvale, CA 94089: 2020 silvercrest 1836 sq ft 3 Bedrooms 2 Bathrooms Serial Number #176-00P-H-A102150AB: $469,900: View Home: Plaza Del Rey 1225 Vienna Drive, #724 Sunnyvale, CA 94089: 2022 Skyline 30 x 52 3 Bedrooms 2 Bathrooms Serial Number #237000HA001022A, 237000HA001022B: $364,900: View Home: Plaza Del Rey 1225 Vienna Drive, #725 Teachers have been priced out of the school districts where they teach. Private equity investors typically snatch up struggling or undervalued businesses and find ways to increase their value either by investing resources to beef up the business or cutting costs to improve the bottom line then reselling them at a profit. People who live in Sunnyvale generally consider the northwest part of the city to be the safest. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.5%) . Putting one back together can cost even more. Many of Plaza del Reys homes have spacious living rooms, multiple bedrooms and bathrooms, porches, gardens and garages. And the purchaser is buying a mobile home park for a $297,000-per-space price. That doesnt really apply to us.. The state notedthat Thurber graduated high school and attended college. But there are other ways to raise the value of the park. For housing advocates, rent control is good policy. There are 3 plan types available at Plaza Del Rey. Cans. A house of cards: When the Big One comes, will Alameda be ready? Select your ideal criteria and let Scout do the rest. I will continue to stand up for the mobile home parks to make sure that rents arent increased significantly, to make sure that there are repairs and a budget for repairs, to make sure that the resale value is there, and to listen to the concerns of residents, said Khanna. But as the value of land in Silicon Valley soars, a growing number of institutional investors have been eyeing its undervalued lots. Here most residents (60.4%) drive alone in a private automobile to get to work. The mobile home park sits on more than 65 acres of some of Californias hottest real estate. Its the answer to the housing affordability crisis. Recent space rent increases have hurt homeowners looking to sell because Realtors estimate that for every $100 increase in space rent, a home loses $10,000 in value. If we allow that to prevent us from making good policy, thats just not reasonable.. Their grandparents live here. Sunnyvale, CA 94089. Leonardo Castaeda is a reporter covering demographics and the income divide as part of The Mercury News Living in the Bay Area team. SUNNYVALE When Enid and Dwight Fox moved from Ohio to the Plaza Del Rey mobile home park in Sunnyvale in 1988, the family-owned community was known as the park with a heart, a place where they could afford to buy a home of their own to spend the rest of their lives. But Pavlick likes to say aloud: Carlyle has the money, but we have the people.. But realtors wont even list their property, they said, because the rents for new homeowners are so uncompetitive. On a recent Thursday morning, Pavlick drove around Plaza del Rey with her neighbors Patrick and Karen Garcia picking up heavy glass bottles of Perrier and empty cans of Coca-Cola. A Santa Clara County judge in April denied the request for an injunction, clearing the way for the city to go ahead with its rent control rollout. Park management (Hometown America) is awful and is driving out residents. Do additional legal protections exist for the LGBTQ community at the state level in California? The tech industry is displacing the middle class, said Van Scherpe, who has signed up to help Pavlick in her rent control effort. The original owners kept Plaza del Rey in the family for more than four decades until granddaughter Shereen Caswell sold it to Carlyle in 2015 (Caswell could not be reached for comment). And what that does is whenever you raise the rent $100 it takes someones equity by $10,000, Rubino added. People are looking for somebody to save them, and theyre not looking to themselves, said Pavlick, a retiree who has lived in the Plaza del Rey mobile home park since 1989. Growing your own vegetables is a great way to save money and get in touch with nature, whether you want to grow them indoors or transplant them outside later. Well the purpose was to listen to residents who are being mistreated by the landlord, says Congressman Khanna. Investigators laterrecovered Sanderholm's car, then found her body near the Kansas/Oklahoma state line. And thats why Carlyle sent its managing director of U.S. real restate, Dave Kingery, to a Sunnyvale City Council meeting in January to argue against rent control. If you like mobile homes, this might be a great neighborhood in which to look for real estate. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research. Any caps to rent increases would not only limit the parks near-term profitability but also potentially reduce its future resale value, which is where private equity firms make most of their profit. It will deter developers from creating more housing stock. It will keep people in their homes. Most of the residential real estate is owner occupied. Its the answer to residents prayers. At the recycling facility, they traded the goods for $46.55. (The US average is 22.7) And in its first year owning the park, it increased space rents (the amount that homeowners pay to lease land) by 7.5% the largest in Plaza del Reys 47-year history. When questioned further by Supreme Court justices, Thurber's attorneyssaid that Sanderholm's suffering is speculation. In the end, the MOU looks to stabilize rents for the next 20 years. (David Butow / For The Times), Mobile home parks have long been regarded as a form of affordable housing because, while residents own their homes, they do not own the land underneath. Plaza del Rey offers a mixture of comfort, quality and design. Code Sect 6254(f), San Jose Police Department, Media Relations Unit, 201 W. Mission Street, San Jose, CA 95110, Ph (408) 277-5339 Fax (408) 286-0923 Move where?. Perfect 1 bedroom 1 bathroom with stackable washer/dryer in the apartment, refrigerator with ice maker, oven, microwave range, and electric stove. (David Butow / For The Times), Despite the name, mobile homes cant be easily moved. The most recent tech boom created staggering job growth in the region, with real estate brokers estimating that firms such as Google and Apple now occupy around nine times the amount of land they did in 2005. Kameda said there are 50 homes in the park for sale, with virtually no interested buyers. View On Map . Description: Intended for civic-minded disabled adults to sharpen memory, critical thinking, and discussion and debate skills, through the study of news stories that impact their everyday lives. Its 800 tidy modular homes are less than two miles from the campuses of Apple, Google, Yahoo and LinkedIn. 80% is a very good, but not excellent match, and so forth. Housing | SUNNYVALE An 81-year-old woman was killed with a hammer at the hands of her daughter after an argument Thursday in the Sunnyvale home they shared, police said. That means they cant expect a windfall when they sell. The front yard is large and great for gardening. Drop by the leasing office to schedule your tour. Mobile home owners face a double whammy, according to housing lawyers, because unlike traditional homeowners, they dont own the land beneath their houses. In the Plaza del Rey Park neighborhood in Sunnyvale, CA, residents most commonly identify their ethnicity or ancestry as Asian (36.8%). One of their neighbors was only able to sell after slashing the homes asking price from $279,000 to about $170,000, he added. If Plaza del Rey averaged $40 in recycling a week, and the dozen or so mobile home parks in Sunnyvale also got involved and raised $40 a week, they could collectively raise everything they needed in less than six months. Some homes exceed 1,800 square feet, with multiple bedrooms and bathrooms. At the heart of the disagreement is the monthly rent charged to new residents for the lots on which the mobile homes sit, which Kameda said has risen to $2,380 a month. They wont care if its seniors or young people, said Erik Gordon, a professor at the University of Michigans Ross School of Business. Justin Thurber was convicted and sentenced to death forthe January 2007 death of 19-year-old Jodi Sanderholm. He and his wife are considering Austin, Texas. You also agree to our Terms of Use. Virtual Tour Under Contract Situated in the Outer Sunnyvale area of Sunnyvale on Vienna Dr, local residents have convenient access to a number of enjoyable points of interest in the surrounding area. Plaza Del Rey 1225 Vienna Drive Sunnyvale, CA 94089 . Plaza del Rey Park is also pretty special linguistically. Pavlick frowned. The Kitchen has been updated with Granite Counter tops and new Cabinets. murder knew Cash App founder, but motive unclear. Hottest real estate and is driving out residents 3 Plan types available at Plaza Del Rey 1225 Vienna Drive,! His wife are considering Austin, Texas Area team its 800 tidy modular are... 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