About Us: Facts & FAQs

image

How large is our community?

Our community covers 533 acres, or roughly 1 square mile.


How many people live in our community?

There are approximately 9,000 residents in the community.


Do you rent/lease or buy your dwelling unit or apartment?

Our community is comprised of two types of property ownership: the cooperative unit, in which the owner is a shareholder in the housing corporation, and whose ownership is evidenced by one share of stock and the right to occupy the apartment; and the condominium, in which the owner has a deed to the apartment and an undivided interest in the Mutual's assets. In both cases, the Mutual Corporation maintains the structure and related grounds.


What does it cost to live in our community. Are there monthly fees?

The seller of an apartment determines the value of its unit and charges that amount to the buyer. In addition, there is a monthly fee called a Regular Assessment. The Regular Assessment varies by Mutual depending upon the size, location and improvements made on the unit. This may include exterior maintenance, landscaping, recreational activities, and security, among other items. The monthly Regular Assessment is calculated each year.


What is meant by cooperative housing?

Cooperative housing refers to the cooperative ownership of the Mutual's property by members who are shareholders in the Corporation. Ownership of the stock may be inherited, transferred or sold, with the approval of the Corporation's Board of Directors. Our co-ops were developed with FHA guaranteed 40-year loans.


When was our community built?

Construction on our community began in 1960. The first move-in occurred on June of 1962.


Are there any medical facilities included in the community?

Yes, there are. The Health Care Center is located inside the community and features a full-service pharmacy, an on-site clinical laboratory, radiology services and a well-equipped physical therapy department. Services include geriatric medicine, gastroenterology, dermatology, geriatric optometry, psychiatry, orthopedics, urology, podiatry, general surgery, gynecology, rheumatology, ophthalmology, cardiology, pain management  and internal medicine.

The Health Care Center also offers social services, 24-hour nursing, optical dispensing and 24 hour ambulance service. For added security, a service called Lifeline is available from the Golden Age Foundation, for a nominal fee of $25.00 per month. In case of emergency, this device can be used to alert members of the medical staff who will come to your immediate need.


Are pets permitted in the community?

Pets are permitted in the community subject to the rules and policies of the Mutual Corporations. These rules and policies include, for instance, a limit to the number of pets per apartment, a maximum weight limit per pet and a current city pet license. If you have any questions or comments regarding pets, please contact us at (562) 431-6586, extension 346, or e-mail us at grf@lwsb.com.


Are guests permitted to have lengthy stays in the community?

Yes, guests are permitted to visit residents in the community. The governing policy states that guest visits are limited to a maximum of 60 days per calendar year and only while residents are in residence. Guests may not bring pets into the community.


Are transportation services available in the community?

Yes, we have a fare-free mini-bus transportation system which services all areas of the planned community and the nearby shopping center every day. Transportation on the wheelchair mini-bus is also available by reservation. Other transportation services available include a no-fare, 37-passenger bus to-and-from The Shops At Rossmoor and Old Ranch Town Center; charter busses departing from the Amphitheater; courtesy transportation from several hospitals outside the community; and Orange County Transit District.


Upon the demise of an owner, what happens to his/her apartment?

It all depends upon how the title is held. This is a very complex question, and is best answered by legal counsel. Any sale or transfer of ownership must be approved by the Mutual's Board of Directors.


Is there a cost to use the recreation facilities, other than the monthly carrying charge?

It depends on the facility. There is no fee to use the golf course, swimming pool or exercise room. The various clubs hold their meetings and activities at the clubhouses at no cost; however, private parties require a refundable cleaning deposit.


What is the minimum age to move into the community?

In accordance with Section 51.3 of the California Civil Code, effective January 1, 1985, at least one person occupying a unit must be 55 years of age to qualify for occupancy. Co-occupants must be at least 45 years of age except if a spouse, medical or financial care provider.


Are there new units for sale in the community?

Yes! Please visit the information page on new construction.


Are there parking facilities for my vehicle(s)?

Each unit is assigned one parking stall with a small storage space. There is parking on some streets in the community, as well as parking for recreational vehicles in a designated area.


Are there existing apartments for sale?

Yes, there is an on-site sales office that offers many units for sale. The on-site sales office features a map showing the available apartments in the community. The on-site Sales office is located inside our community at 1901 Golden Rain Road, Seal Beach, CA, (562) 598-1388, e-mail lwonsite@aol.com. The office is open seven days a week from 9:00 a.m. to 5:00 p.m.  More information and actual units for sale can be viewed online!