2826 Meeker Avenue

El Monte, CA 91732

$1,790,000
Last Sold Price
23
Beds
21
Baths
2,260 Sq. Ft.
$792 / Sq. Ft.
2,260
Sq. Ft.
$792
per Sq. Ft.

Description

Lilly Enterprises Inc. and Compass Commercial, as the exclusive listing agencies, are pleased to present for sale a turnkey mobile home park in the City of El Monte, CA. The park consists of seventeen (17) 1BR/1BA mobile homes, one (1) 2BR/1BA apartment, two (2) 1BR/1BA apartments and a 2BR/1BA SFR residing across a 21,311 SF lot. The park comes with an on-site laundry facility and nine (9) unassigned parking spaces (which are currently not being charged). The offering presents an excellent opportunity...Lilly Enterprises Inc. and Compass Commercial, as the exclusive listing agencies, are pleased to present for sale a turnkey mobile home park in the City of El Monte, CA. The park consists of seventeen (17) 1BR/1BA mobile homes, one (1) 2BR/1BA apartment, two (2) 1BR/1BA apartments and a 2BR/1BA SFR residing across a 21,311 SF lot. The park comes with an on-site laundry facility and nine (9) unassigned parking spaces (which are currently not being charged). The offering presents an excellent opportunity for an investor to acquire a stable cash-flowing asset that has been well-maintained. The property is being offered at a 6.80 CAP and 8.10 X gross on existing income, while representing just $85,240/unit. There is currently one (1) vacancy. The subject property is located just 1 mile S of Longo Toyota, the largest Toyota dealership by sales volume in the United States.
  1. Listed by Matthew Lee • DRE #01881080 • Brokerage DRE #01881080 • Lilly Enterprises, Inc.
  2. Listed by Elizabeth Clark • DRE #01811246 • Brokerage DRE #01396547 • Compass

Property Details for 2826 Meeker Avenue

Water Front
None
Zoning
EMR3YY
Parcel Number
8105007028
Total Units
21.0
Living Area
2260
Source Living Area
Assessor
Area
El Monte (619)
Vacancy Rate
5

Location

Listing Courtesy of Lilly Enterprises, Inc., Matthew Lee, DRE #01881080; Compass, Elizabeth Clark, DRE #01811246

Sold By Lilly Enterprises, Inc., Matthew Lee, DRE #01881080; Compass, Elizabeth Clark, DRE #01811246

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LISTING UPDATED: 08/25/2021 10:06 AM

Property Details for 2826 Meeker Avenue

StatusSold
MLS #21-737836
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.49 AC / 21,311 SF
CountyLos Angeles County

Location

Listing Courtesy of Lilly Enterprises, Inc., Matthew Lee, DRE #01881080; Compass, Elizabeth Clark, DRE #01811246

Sold By Lilly Enterprises, Inc., Matthew Lee, DRE #01881080; Compass, Elizabeth Clark, DRE #01811246

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Building Information for 2826 Meeker Avenue

Stories1Residences-Year Built1938Building Size-Lot Size0.49 AC / 21,311 SF

Payment Calculator

$12,066 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,769

Property Taxes

$2,297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2826 Meeker Avenue

Community / Development
Community / Development
  • Number Of Units: 21
  • Pets Allowed: Assoc Pet Rules
  • Amenities: Other
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Mobile Home
  • View: No
  • View Description: None
  • View: None
  • Security Features: Community, Resident Manager, Other
  • Direction Faces: West
  • Property Condition: Updated/Remodeled, Repair Cosmetic, Fixer, Additions/Alter
  • Water: Other
  • Sewer: Other
  • Water Heaters: Yes
  • Water Heater Features: Other
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $209,880
  • Net Operating Income: $122,135.00
  • Gross Income: $212,400
  • Cap Rate: 6.82%
  • Gross Rent Multiplier: $8.12
  • Owner Pays: Electricity, Water, Gas
  • Total Annual Expense: 87745
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Acreage: 0.49
  • Lot Size Square Feet: 21311
  • Lot Location: None
Parking Details
Parking Details
  • Parking Garage: On street, Parking for Guests, Parking for Guests - Onsite, Parking Space, Side By Side, Unassigned, Uncovered
  • Total Parking: 9
  • Covered Parking: 0
  • Open Other Spaces Total: 9
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Street, Guest, Parking Space, Side by Side, Unassigned, Uncovered
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Rooms: Other
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Other
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Foundation Details: None
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-27-2021
  • Listing Terms: Contract
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $861.58
  • Unit Actual Rent: $16,370.00
  • Unit Projected Rent: $19,545.00
  • Like Units: 19
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,330.00
  • Unit Actual Rent: $1,330.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $31,581.00
  • Assessed Improvement Percent: 42.72
  • Assessed Land Value: $42,341.00
  • Assessed Land Percent: 57.28
  • Assessed Total Value: $73,922.00

Property History for 2826 Meeker Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2826 Meeker Avenue

Taxable ValueLand$1,629,960Additions$195,840Total$1,825,800
Tax Record2023$27,558 ($2,297 / month)
Home Facts
Total Finished SqFt2,260 SqFtAbove Grade Finished SqFt2,260 SqFtLot Size21,311 SqFtStyleMobile Home ParksYear Built1938ZoningEMR3YYCountyLOS ANGELESAPN8105-007-028

Schools near 2826 Meeker Avenue

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Willard F. Payne Elementary School
PublicK to 6

Charles T. Kranz Intermediate School
Public7 to 8

El Monte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lilly Enterprises, Inc., Matthew Lee, DRE #01881080; Compass, Elizabeth Clark, DRE #01811246

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.