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Pacific Palisades mobile home park owner seeks to convert to condos

The owner of a mobile home park in Pacific Palisades has decided to convert the park spaces from rental units to condominiums and some longtime tenants fear they will not be able to afford to live there anymore.

Desmond McDonald, who owns the Tahitian Terrace mobile home park just north of Temescal Canyon Road, sent a letter to his tenants last week, informing them of his conversion plans. The property has been in his family for 49 years.

The Palisadian-Post has more:

Once a single lot is sold as a condominium, local rent control goes away and state rent control kicks in. Those who are low-income would not see a rise in rent, but moderate-income residents (a single person who makes only marginally more than $38,800 a year) and higher-income residents would see their rents increase to market value over four years.

Twenty-year Tahitian Terrace resident Rebecca Newman, 89, wrote a letter against the conversion, noting "Only a few wealthy residents would be able to buy their lot. Frankly though, I do not think it would be a good investment, even for those who have the money. They would probably have to pay outrageous prices, and take on an enormous legal liability for the sliding hillside."

 
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