Sold for $4,095,000 on 08/25/25
Listing Provided by:
Douglas McCauley DRE #01155706 626-695-6776,
MARCUS & MILLICHAP,
David Covarrubias DRE #01941403,
MARCUS & MILLICHAP
Bought with: MARCUS & MILLICHAP
$4,095,000
11951 Magnolia St, El Monte, CA 91732
--beds
1baths
--sqft
Mixed Use
Built in 1946
-- sqft lot
$4,064,800 Zestimate®
$--/sqft
$2,687 Estimated rent
Owner options
What's special
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.
Zillow last checked: 8 hours ago
Listing updated: August 25, 2025 at 03:24pm
Listing Provided by:
Douglas McCauley DRE #01155706 626-695-6776,
MARCUS & MILLICHAP,
David Covarrubias DRE #01941403,
MARCUS & MILLICHAP
Bought with:
Douglas McCauley, DRE #01155706
MARCUS & MILLICHAP
David Covarrubias, DRE #01941403
MARCUS & MILLICHAP
Source: CRMLS,MLS#: CV25111623
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 0
Property
Features
- Entry location: Drive-By
- Pool features: None
Lot
- Size: 0.91 Acres
- Features: 36-40 Units/Acre
Details
- Parcel number: 8106001007
- Zoning: EMR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: El Monte
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$4,064,800