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    2826 Meeker Ave

    El Monte, CA 91732
    • $1,790,000
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 21-737836
    $1,790,000
    • 23
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,260
      SQFT
    • $792
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/117661438
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    2826 Meeker Ave El Monte, CA 91732

    • Price: $1,790,000
    • Status: Active
    • MLS #: 21-737836
    23
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    2,260
    SQFT
    $792
    $/SQFT
    1938
    Built
    Neighborhood:
    El Monte
    County:
    Los Angeles
    Area:
    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 Total 0 Covered Parking 0 Direction Faces West Entry Location Ground Level W/Steps Garage Structures Total 0 Lot Location None Lot Size Area 21311 Other Structures None Parking Garage On StreetParking For GuestsParking For Guests - OnsiteParking SpaceSide By SideUnassignedUncovered Patio Features None Paved YN Yes Pool Description None Pool YN No Roof Other Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 9 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 21.00 Common Walls Detached/No Common Walls Cooling Other Den No Dining Room No Equipment Other Family Room No Fireplace Rooms None Flooring Other Foundation Details None Heating Other Laundry CommunityLaundry Area Laundry Equipment Own Rooms Other Water Heater Features Other

    Property Features

    Amenities Other Assessed Total Value 73922 Association Pet Rules Assoc Pet Rules Gross Income 212400 Gross Operating Income 209880 Land Lease Type Fee Like Units1 19 Like Units2 2 Net Operating Income 122135.00 Number Of Buildings 3 Number Of Units 21 Owner Pays ElectricityWaterGas Property Condition Updated/RemodeledRepair CosmeticFixerAdditions/Alter Sale Type Standard Security Features CommunityResident ManagerOther Sewer Other Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 87745 Type Of Units Mobile Home Water Other Water Heaters YN Yes Year Built Source Assessor Zoning Emr3yy

    Listing provided courtesy of Matthew Lee DRE#01881080 of Lilly Enterprises, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270