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Address is 5317 Florence Ave Bell, CA 90201

Jack Jorgensen

Marcus & Millichap

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19 Units Built in 2017 - Strong Cash Flow

Mobile Home Community for Sale in Bell, California

5317 Florence Ave
Bell, CA 90201

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Sale Price: $3,250,000
 

Contact Information

Jack Jorgensen
Marcus & Millichap
www.marcusmillichap.com

Mobile Home Park for Sale

Number of MH Lots: 19
Size: 0.5 acre(s)
Cap Rate: 5.0%
Status: Active
Property ID: 831241
Posted on: Jul 10, 2017
Updated on: Aug 15, 2017
Price: $3,250,000

Property Description

Marcus & Millichap is pleased to present 5317 Florence Avenue, a new construction 19-unit multifamily investment property in Bell, California. This exciting turnkey opportunity features 19 new construction one-bedroom/one-bath mobile homes on a large 22,895-square foot lot. The property also features ample on-site parking and attractive landscaping.

The excellent condition of the units attracts quality tenants and makes this property competitive in an extremely dense rental market where vacancy rates have dipped below two percent. Additionally, the property's location conveniently near the 710 Freeway makes it an attractive commuter option.

With strong cash flow on current rents, 5317 Florence Avenue is an excellent opportunity to acquire a turnkey asset in a dense rental market.

Attachments

Floor Plan.pdf

Park Information

Number of MH Lots:19
Total Occupancy:95.0%
Year Built:2017
Average MH Lot Rent: $1,326
Size:0.5 acre(s)

Financial Information (Actual)

Gross Income$302,328
Operating Expense$125,106
Net Operating Income$168,152
Expense Ratio 41.4%
Debt Info