11951 Magnolia st, El Monte, CA 91732
Active
$4,588,000
40 Units
0 Beds
1 Baths
n/a Area(sq.ft.)
Lot: 39,639 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 1,851 | $ 1,851 | $ 1,851 |
| Unit 2 | 39 | studio | 0 | No | $ 1,314 | $ 1,314 | $ 1,314 |
| 40 | 0 | 1 | $ 53,097 | $ 53,097 | $ 53,097 |
| MLS #: | CV25111623MR |
| Days On Market: | 261 |
| Listing Date: | May 18, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per unit: | $ 114,700 |
| Year Built: | 1946 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 652,150 |
| Total Annual Expense: | $ 301,912 |
| Net Operating Income: | $ 350,238 |
Structure
| Community Features: | Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | EMR3YY |
| Land Lease Type: | Fee |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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Income
