2826 Meeker Avenue
El Monte, CA 91732
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1938 build
- – on site
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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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Last updated May 8, 2024
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MLS# 21737836 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/25/21
Aug 25, 2021
|
Sold | CRMLS_CA | $1,790,000 | |
|
6/18/21
Jun 18, 2021
|
Sold Subject To Contingencies | CRMLS_CA | $1,790,000 | |
|
5/27/21
May 27, 2021
|
Listed / Active | CRMLS_CA | $1,790,000 |