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    2826 Meeker Avenue

    El Monte, CA 91732
    • $1,790,000
    • STATUS: Active Under Contract
    • ON SITE: 65 days
    • ID#: 21737836
    Under Contract
    $1,790,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    Lilly Enterprises Inc. and Compass Commercial, as the exclusive listing agencies, are pleased to present for sale a turnkey mobile home park in the City of El Monte, CA. The park consists of seventeen (17) 1BR/1BA mobile homes, one (1) 2BR/1BA apartment, two (2) 1BR/1BA apartments and a 2BR/1BA SFR residing across a 21,311 SF lot. The park comes with an on-site laundry facility and nine (9) unassigned parking spaces (which are currently not being charged). The offering presents an excellent opportunity for an investor to acquire a stable cash-flowing asset that has been well-maintained. The property is being offered at a 6.80 CAP and 8.10 X gross on existing income, while representing just $85,240/unit. There is currently one (1) vacancy. The subject property is located just 1 mile S of Longo Toyota, the largest Toyota dealership by sales volume in the United States.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117665696
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    2826 Meeker Avenue El Monte, CA 91732

    • Price: $1,790,000
    • Status: Active Under Contract
    • ID#: 21737836
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    1938
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    Lilly Enterprises Inc. and Compass Commercial, as the exclusive listing agencies, are pleased to present for sale a turnkey mobile home park in the City of El Monte, CA. The park consists of seventeen (17) 1BR/1BA mobile homes, one (1) 2BR/1BA apartment, two (2) 1BR/1BA apartments and a 2BR/1BA SFR residing across a 21,311 SF lot. The park comes with an on-site laundry facility and nine (9) unassigned parking spaces (which are currently not being charged). The offering presents an excellent opportunity for an investor to acquire a stable cash-flowing asset that has been well-maintained. The property is being offered at a 6.80 CAP and 8.10 X gross on existing income, while representing just $85,240/unit. There is currently one (1) vacancy. The subject property is located just 1 mile S of Longo Toyota, the largest Toyota dealership by sales volume in the United States.
    Exterior Features

    Carport Spaces 0 Direction Faces West Entry Location Ground Level W/Steps Parking Features GuestOne SpaceOn StreetSide By SideUnassignedUncovered Parking Total 0 Pool Features None Pool Private YN No Roof Other Spa Features None Spa YN No View None View YN No

    Interior Features

    Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Garage YN No Gross Income 212400 Land Lease YN No Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Contract Net Operating Income 122135 Possession Close Of Escrow Property Condition Additions/AlterationsFixerRepairs Cosmetic Security Features Resident Manager Senior Community YN No Sewer Other Special Listing Conditions Standard Vacancy Allowance Rate 5 Water Source Other Zoning Emr3yy

    Listing provided courtesy of Matthew Lee of Lilly Enterprises, Inc. and Elizabeth Clark of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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