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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

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    $2,687/mo

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    $2,687/mo

    Rent Zestimate®

    Refinance and save

    $25,740/mo

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    $25,740/mo

    Est. payment

    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#: CV25111623MLS LogoOriginating 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