9
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$4,588,000
Est. payment /mo
0.91 Acres Lot
New
11951 Magnolia ST El Monte, CA 91732
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25111623
HOA Y/N No
Year Built 1946
Lot Size 0.910 Acres
Property Sub-Type Mixed Use
Property 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 California's 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 employers—such as Longo Toyota and Amazon—contributing to a stable job base and growing local economy. El Monte's 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.
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 California's 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 employers—such as Longo Toyota and Amazon—contributing to a stable job base and growing local economy. El Monte's 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.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8106001007
Energy Description 1765.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Lease Land No
Listed by Douglas McCauley • MARCUS & MILLICHAP • 626-695-6776
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