El Monte, CA 91732,11951 Magnolia ST
El Monte, CA 91732,11951 Magnolia ST
El Monte, CA 91732,11951 Magnolia ST
9
$4,095,000
$4,588,000
10.7%
Est.Price: ?

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0.91 Acres Lot

11951 Magnolia ST El Monte, CA 91732

Est. payment /mo
SOLD DATE : 08/25/2025

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Key Details

Sold Price $4,095,000

Property Type Residential Income

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25111623

Year Built 1946

Lot Size 0.910 Acres

Property Sub-Type Mixed Use

Property Description

Exclusive investment opportunity to acquire the Magnolia Trailer Park located at 11949 Magnolia Street in El Monte, California. The property is positioned just south of Garvey Avenue & west of Cogswell Road and presents an exceptional investment opportunity in the heart of the San Gabriel Valley. Situated on approximately 0.91 acres, the property features 39 trailer spaces and 1 studio apartment. The property operates on city water & sewer and all trailers are park-owned. The electricity is sub-metered and the owner pays the gas, water, sewer & trash. With a current cap rate of 7.63% and a cash on cash return of 7.35%, there is still upside potential through rent increases and operational efficiencies.

Strategically located just 12 miles east of Downtown Los Angeles, El Monte sits at the intersection of the I-10 and I-605 freeways, offering seamless access to major employment centers throughout Los Angeles County. It is also home to the El Monte Station, one of Southern California's busiest transit hubs, providing direct bus service to Downtown LA and surrounding job corridors. This accessibility is a major draw for working-class tenants seeking affordable housing with convenient commuting options. The city continues to attract logistics, manufacturing, and service-based employers—such as Longo Toyota and Amazon—contributing to a stable job base and growing local economy. El Monte's rental market is driven by strong demand and an extremely limited supply of affordable housing. As rising home prices throughout Los Angeles County continue to price out many would-be homeowners, demand for affordable rental alternatives like mobile home communities is surging.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3YY

Interior

Laundry None

Exterior

Pool None

Community Features Street Lights

Building

Lot Description 36-40 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Douglas McCauley MARCUS & MILLICHAP 626-695-6776
Bought with Douglas McCauley MARCUS & MILLICHAP

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agent

Del Raymond

Agent | License ID: 01949132

+1(619) 572-9750

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