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11951 Magnolia ST El Monte, CA 91732
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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21000914
Sold Date 05/28/21
HOA Y/N No
Year Built 1946
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions Assessor
Property Description
38 Space RV park plus small studio. All RVs are park owned and are mostly studio size or have 1 bedroom, and are included in the sale. There is one mobile home in the park and a community laundry room. Rents range from $600-$1050/mo which does not include the sub-metered electricity income. The indicated income & expense information is from the 2020 P & L provided by owner. Proforma gross income is apx $420,000. The sewer expense is paid via property tax. Water are gas are included in the rent. Electric are sub-metered - tenants are billed separately for electric. The combined building area is an estimate of the combined living area for all 38 RVs (building area is a mandatory field). The property is subject to the City of El Monte rent control.
Location
State CA
County Los Angeles
Area 619 - El Monte
Building/Complex Name Magnolia MHP
Zoning R3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 44
Building
Lot Description Corner Lot, Rectangular Lot, Level
Water Public
Others
Tax ID 8106001007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with KEVIN HOLLINGSWORTH • NEXUS REAL ESTATE SERVICES
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