SoCal mobile home park sold

Investor lands property in 1031 exchange

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Marcus & Millichap negotiated the sale of the four-star Americana Mobile Home Park in Paramount, Calif. The value of the transaction was approximately $12.9 million. Americana Mobile Home Park is located at 16600 Downey Ave. The community was constructed in 1960 and includes 170 units on approximately 16 acres. Community amenities include a pool, spa, basketball court and clubhouse. San Rafael, Calif.-based Giraudo Investments LLP purchased the property from Irvine, Calif.-based Associated Americana MHP LLP in a 1031 exchange. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....