11951 Magnolia Street, El Monte, CA 91732
  • MLS#: CV25111623 ( Commercial/Residential )
  • Street Address: 11951 Magnolia Street
  • Viewed: 4
  • Price: $4,588,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 0
  • Days On Market: 21
  • Additional Information
  • County: LOS ANGELES
  • City: El Monte
  • Zipcode: 91732
  • Provided by: MARCUS & MILLICHAP
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exclusive investment opportunity to acquire the Magnolia Trailer Park located at 11949 Magnolia Street in El Monte, California. The property is positioned just south of Garvey Avenue & west of Cogswell Road and presents an exceptional investment opportunity in the heart of the San Gabriel Valley. Situated on approximately 0.91 acres, the property features 39 trailer spaces and 1 studio apartment. The property operates on city water & sewer and all trailers are park owned. The electricity is sub metered and the owner pays the gas, water, sewer & trash. With a current cap rate of 7.63% and a cash on cash return of 7.35%, there is still upside potential through rent increases and operational efficiencies. Strategically located just 12 miles east of Downtown Los Angeles, El Monte sits at the intersection of the I 10 and I 605 freeways, offering seamless access to major employment centers throughout Los Angeles County. It is also home to the El Monte Station, one of Southern Californias busiest transit hubs, providing direct bus service to Downtown LA and surrounding job corridors. This accessibility is a major draw for working class tenants seeking affordable housing with convenient commuting options. The city continues to attract logistics, manufacturing, and service based employerssuch as Longo Toyota and Amazoncontributing to a stable job base and growing local economy. El Montes rental market is driven by strong demand and an extremely limited supply of affordable housing. As rising home prices throughout Los Angeles County continue to price out many would be homeowners, demand for affordable rental alternatives like mobile home communities is surging.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 17
Electric Expense
  1. 42304.00
Entry Location
  1. Drive-By
Fuel Expense
  1. 1765.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 40000.00
Laundry Features
  1. None
Lockboxtype
  1. None
Lot Features
  1. 36-40 Units/Acre
  2. Lot 20000-39999 Sqft
Netoperatingincome
  1. 350238.00
Newtaxesexpense
  1. 67701.00
Otherincome1
  1. 46904.00
Otherincomedescription
  1. Electricity Reimbursement
Parcel Number
  1. 8106001007
Pool Features
  1. None
Postalcodeplus4
  1. 3401
Professionalmanagementexpense
  1. 54134.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439003870:CRM
Tenant Pays
  1. Electricity
Totalexpenses
  1. 301912.00
Trash Expense
  1. 14012.00
Vacancyallowance
  1. 31918
Water Sewer Expense
  1. 16778.00
Water Source
  1. Public
Year Built
  1. 1946
Year Built Source
  1. Public Records
Zoning
  1. EMR3YY