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Magnolia Trailer Park 11949-11951 Magnolia St

40 Unit Mobile Home Park £3,751,848 (£93,796/Unit) 8.59% Net Initial Yield El Monte, CA 91732

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Investment Highlights

Prime Southern California Location
Park Owned Trailers
Large Lot Size on Nearly an Acre of Land

39-Space Mobile Home Community + 1 Studio Apartment in the City of El Monte in Southern California
Minimal Maintenance Required
High Traffic Location near I-10 and I-605 Freeways

Executive Summary

Kidder Mathews is pleased to present the sale of Magnolia Trailer Park, 11949/11951 Magnolia St, El Monte CA 91732. The property is comprised of 39 mobile home spaces and a studio apartment in the city of El Monte, CA in Los Angeles County. Spread across nearly 1 acre of land, the property lends itself to an investor looking for optimal cash flow with minimal maintenance. With it’s prime location and spacious layout, it’s no surprise that the park remains at almost full occupancy. It is located in close proximity to Interstate 10 and Interstate 605, giving easy access to all areas of Southern California.

11949-11951 Magnolia St_OM (1)

Property Facts

Price	£3,751,848	Building Class	C
Price Per Unit	£93,796	Lot Size	0.92 AC
Sale Type	Investment	Building Size	500 SF
Net Initial Yield	8.59%	Average Occupancy	97%
No. Units	40	Number of Floors	1
Property Type	Residential	Year Built	1946
Property Subtype	Manufactured Housing/Mobile Home Apartment Buildings	Parking Ratio	10/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£3,751,848
Price Per Unit	£93,796
Sale Type	Investment
Net Initial Yield	8.59%
No. Units	40
Property Type	Residential
Property Subtype	Manufactured Housing/Mobile Home Apartment Buildings
Apartment Style	Low Rise
Building Class	C
Lot Size	0.92 AC
Building Size	500 SF
Average Occupancy	97%
Number of Floors	1
Year Built	1946
Parking Ratio	10/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.