El Monte, CA 91732 11951 Magnolia Street

Pending
11951 Magnolia Street El Monte, CA - Image 111951 Magnolia Street El Monte, CA - Image 211951 Magnolia Street El Monte, CA - Image 3
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Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV25111623
  • 05/19/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 40
  • Baths • 1

Home 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.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 11951 Magnolia Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 11951 Magnolia Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.63
Carport Y/NNo
CityEl Monte
Community FeaturesStreetLights
ContingencyDrive by only, Please do not disturb tenants Please call or email agent for offering memorandum email: Doug.mccauley@marcusmillichap.com
CountyLos Angeles
DirectionsThe property is positioned just south of Garvey Avenue & west of Cogswell Road.
Electric Expense42304.0
Entry LocationDrive-By
Fuel Expense1765.0
Garage Spaces0.0
Garage Y/NNo
Gross Income684068.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense40000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet39639.6
Lot Size UnitsAcres
MLS Area619 - El Monte
Maintenance Expense60000.0
MobileHomeRemainsYNNo
Net Operating Income350238.0
New ConstructionNo
Number Of Units Total40
Operating Expense301912.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot1
Taxes$67,701
Tenant PaysElectricity
Trash Expense14012.0
Water Sewer Expense16778.0
Year Built1946
Year Built SourcePublicRecords
ZoningEMR3YY

Exterior for 11951 Magnolia Street

Building Area Total0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesThirtySixToFortyUnitsAcre
Lot Size Acres0.91
Lot Size Area0.91
Lot Size SourcePublicRecords
Number of Buildings0
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,588,000
MLS#CV25111623
List Date 05/19/2025
Property Type Pending
Phone 714.742.6515
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