$1,790,000
$1,790,000
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2826 Meeker Ave El Monte, CA 91732
23 Beds
21 Baths
2,260 SqFt
Key Details
Sold Price $1,790,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $792
MLS Listing ID 21-737836
Sold Date 08/25/21
Bedrooms 23
Construction Status Updated/Remodeled, Repair Cosmetic, Fixer, Additions/Alter
Year Built 1938
Lot Size 0.489 Acres
Acres 0.49
Property Sub-Type Multi-Family
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 El Monte
Zoning EMR3YY
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Other
Cooling Other
Flooring Other
Fireplaces Type None
Equipment Other
Laundry Community, Laundry Area
Exterior
Parking Features On street, Parking for Guests, Parking for Guests - Onsite, Parking Space, Side By Side, Unassigned, Uncovered
Garage Spaces 9.0
Pool None
Amenities Available Other
Waterfront Description None
View Y/N No
View None
Roof Type Other
Building
Story 1
Foundation None
Sewer Other
Water Other
Construction Status Updated/Remodeled, Repair Cosmetic, Fixer, Additions/Alter
Others
Special Listing Condition Standard
Pets Allowed Assoc Pet Rules
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Lilly Enterprises, Inc.