Contact Information

Mobile Home Park Details

  • Price: $2,780,000
  • Purchase Method: Cash
  • Property ID: 1456843
  • Posted On: Jun 11, 2021
  • Updated On: Jun 28, 2021

Property Description

Located in an infill, high-demand rental region of Los Angeles County and centrally located in the City of El Monte close to I-10 and I-605 Freeways.
This stabilized 14 unit multi-family income opportunity is on city services and has a diverse mix of revenue from 11 manufactured housing sites (MH) and 3 apartment units (APT). Of the 11 permitted MH sites, 10 MH units are park-owned and rented to the tenants with the site rent. The MH rental homes have undergone substantial improvements (please refer to pictures on page 17). Residents experience spacing privacy with almost no common/shared walls.
Well-positioned within walking distance to Mountain View Park, and the full range of schools from Parkview Elementary School, Maxson Elementary School, Charles T Krenz Middle School to Mountain View High School. The property is also in close proximity to major grocery, financial institutions, and retailers.
The Felipe Street Community enjoys 95% to 100% occupancy historically and is generating $19,997 in gross monthly rental income. The property is located in a highly desirable area and offers growth and stability from seasoned investors to first-time purchasers.
This multi-family community is a well-maintained, 14-unit apartment/home-rental community situated on a 30,943 square foot lot with a total building size of +/-7,173 square feet. Featuring 3 apartment units, 3 MH rental homes, 7 MH trailer rentals, and 1 MH site rented to the on-site manager, laundry facilities and on-site parking - many units with significant recent renovation. The property offers a variety of accommodations from studio-sized apartments to 4-bed/3-bath to 1,344 square foot mobile-home rentals. Many units offer recent renovations including laminate wood flooring and new kitchen counters and cabinets.

ALL PROPERTY SITE VISITS TO BE SCHEDULED THROUGH LISTING BROKERS - PLEASE DO NOT CONTACT OWNERSHIP OR RESIDENTS

Please contact listing brokers for additional information.​

Location

Investment Highlights:

- Stable occupancy in high rental demand area
- Infill location in Los Angeles County
- Easy Access to I-10 & the 605 and 60 Freeways
- Diverse unit mix with few common/shared wall

Amenities

  • Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 14
Size: 1 acre(s)

Other Listings by Norman Sangalang

Similar Mobile Home Parks for Sale