What is Leisure World and What Am I Buying?

Leisure World Seal Beach is a lovely "well-kept" retirement community for active adults 55 and over ...  Leisure World is made up of 6,482 co-op units where ownership is evidenced by a stock certificate; and 126 condominium units that are deeded properties totaling 6,608 units in all.

When buying a co-op unit you will become a shareholder in a Mutual Corporation. The Mutual will own the unit, the land and the building. You will own the occupancy rights, have a share hold in the Mutual and common areas and will be considered a tenant in your Mutual. You will receive a Stock Certificate and Membership Certificate showing ownership of the stock attached to the unit that you purchase.  The co-op units are on an all cash basis – no financing.

When buying a condominium you own the condo and will get a deed to the property. Because there is a deed, you can have a mortgage or pay cash - the choice is yours. However either way, you will still have to meet the basic criteria as in the co-op units.  

You will also receive a Membership Certificate along with a deed to the property.

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Barbara Dobias
Robin GrayBarbara Dobias
Berkshire Hathaway HomeServices
California Properties

Seal Beach, CA 90740

562-754-5628
Contact Us
  BRE #01027333 & BRE #00887640 

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Robin Gray & Barbara Dobias | 562-754-5628 | Contact Us
1900-C St Andrews - Seal Beach, CA 90740
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Leisure World is a registered trademark by RRLH, Inc. www.sealbeachleisureworld.com and Robin Gray & Barbara Diette-Dobias are authorized to use the Leisure World service trademarks by RRLH,Inc.

©2013 An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire
Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered
service marks of HomeServices of America, Inc.® Equal Housing Opportunity.

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