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2826 Meeker AVE El Monte, CA 91732
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Key Details
Sold Price $1,790,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $792
MLS Listing ID 21737836
Sold Date 08/25/21
Construction Status Additions/Alterations,Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1938
Lot Size 0.490 Acres
Acres 0.49
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.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Guest, One Space, On Street, Side By Side, Unassigned, Uncovered
Pool None
View Y/N No
View None
Roof Type Other
Parking Type Guest, One Space, On Street, Side By Side, Unassigned, Uncovered
Private Pool No
Building
Faces West
Story 1
Sewer Other
Water Other
Construction Status Additions/Alterations,Fixer,Repairs Cosmetic
Others
Senior Community No
Tax ID 8105007028
Security Features Resident Manager
Acceptable Financing Contract
Listing Terms Contract
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Lee • Lilly Enterprises, Inc.