Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events
HOME

Roseville Company Buys Yorba Linda Apartment Community





YORBA LINDA - USA Properties Fund Inc. headquartered in Roseville has acquired Victoria Woods Senior Apartments, a 125-unit affordable senior housing community in Yorba Linda in northern Orange County.

USA Properties - which has more than 75 communities in California and Nevada, including four in Orange County -- will begin an extensive renovation of Victoria Woods.

The community - soon to renamed Vintage at Stonehaven -- is located at 5303 Stonehaven Drive in Yorba Linda, near major freeways, access to public transportation, several large shopping centers and retailers, including Costco Wholesale and Trader Joe's.

The apartments are available to low-income seniors at least 55 years old who earn 40 percent to 60 percent of the area median income for Orange County.

"The community offers affordable housing for low-income seniors while allowing them to keep up with their busy lifestyle, whether it's shopping or getting around Southern California," said USA Properties Fund President Geoff Brown. "This was a great opportunity for the company, and we are looking forward to making it an excellent experience for our residents."

Victoria Woods features 100 one-bedroom, one-bath apartments and 25 two-bedroom, one-bath units. The one-bedroom apartments are 585 square feet, while the two-bedroom units offer 753 square feet.

The community has seven two-story apartment buildings and a clubhouse/leasing office. Victoria Woods has a recreation building, which features a clubhouse with a kitchen, TV room, billiards room, activity center, laundry, restrooms, and a leasing and manager's office. Other on-site amenities include a swimming pool, spa, barbecues, small gardening area, horseshoe pit and mini storage. Other amenities include a pool and spa area and two common laundry rooms. The gated community has 134 parking spaces - 46 carports and 88 open parking spaces.

Victoria Woods, which was built in 1997, will undergo an extensive renovation, including new appliances, ceiling fans, entry and interior doors, garbage disposals, and repairs and energy-efficient upgrades to electric fixtures, bathroom plumbing fixtures, air conditioning, heating systems and hot water heaters in apartments. Renovating the clubhouse and new exterior paint, lighting and pool fixtures are also planned. About $25,500 per unit is budgeted for renovation.

With the purchase, Victoria Woods will become a LifeSTEPS community. The Fair Oaks-based nonprofit provides educational and support services to empower residents with the skills, resources and support they may need to maintain stable housing and break the cycle of poverty.

LifeSTEPS services for seniors include confidential case management and mediation, computer, exercise, music, arts and crafts classes. Social events include local field trips, travel presentations, writing groups and even volunteer programs. The nonprofit also offers health-related activities, such as on-site flu shots and information sessions on Medicare and Medicaid.

"Our communities are more like neighborhoods, where residents know and help each other," Mr. Brown said. "LifeSTEPS and USA Properties are part of that community."

ABOUT USA PROPERTIES FUND INC.
USA Properties Fund Inc. (USA), a California corporation, is a privately owned real estate development organization specializing in the creation of outstanding senior and family communities. Founded in 1981 and headquartered in Roseville, USA Properties Fund provides a full range of capabilities for community development, including financing, development, construction services, rehabilitation and property management. Our values, leadership and team structure reflect our success with the development/construction and acquisition/rehabilitation of more than 11,000 units of family and senior apartments in more than 75 communities throughout California and Nevada. For more information, please visit www.usapropfund.com.



Follow Us On Facebook






Placer County News Headlines

New California Laws 2017 (Part 4)New California laws for 2017. Part 4 includes prison inmate threats, student lactation accommodations, tribal gaming, healing arts, grocery workers, sick leave, veterinarians (cruelty incidents),

Roseville Crime and Police Activity Updates (12.9.16)Roseville, CA- Roseville's latest police activity digest for the period covering the dates of November 29-December 7, 2016.

9 Holiday Shopping & Safety TipsThe Roseville Police Department wants everyone to have a great, safe shopping experience in Roseville.

Women's West Coast Tournament of Champions returning to RocklinRocklin, CA - On Dec. 17-18 the Women's West Coast Tournament of Champions (WWCTOC) returns to Hardwood Palace in Rocklin

David and Dolly Fiddyment Awarded for Achievements in PhilanthropyRoseville, CA - The Association of Fundraising Professionals California Capital Chapter awarded David and Dolly Fiddyment with the 2016 Outstanding Philanthropists Award

9 Interesting Facts about Winter Home SalesSacramento area Realtor Julie Jalone of MagnumOne Realty in Roseville writes about a recent Redfin real estate study which indicates sellers should not discount the winter months to list their homes.

New California Laws 2017 (Part 3)New California laws for 2017. Part 3 includes pro sports teams, bankruptcy, state employees, foster care, voting rights, organ transplants, marijuana and more.

Autism: Great Minds Don't Always Think AlikeSteve Silberman will present "Great Minds Don't Always Think Alike," a deep look at the hidden history of autism and the promise of a future

$1 Million Grant Targets Chronic Homeless in Placer CountyPlacer County will receive a $1 million grant from Sutter Health to help house its chronically homeless population under a grant agreement approved

Martis Valley Groundwater Management UpdatePCWA Board approves alternative submittal for the Martis Valley Groundwater Basin.

Robert Dugan joins Sacramento Metro ChamberThe Sacramento Metro Chamber announced that Robert Dugan will join the organization as Senior Vice President of Public Policy & Economic Development

Roseville Councilmembers to be Sworn In December 7thRoseville, CA - Newly-elected Roseville City Councilmembers Bonnie Gore, John Allard and Scott Alvord will be sworn in on Wednesday, December 7th.


NEWS: In Case You Missed It