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$4,095,000
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Property Description
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.
Full Property Details
Full Property Details for 11951 Magnolia St
General
- Sold For: $4,095,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV25111623
- Added to Site: 244 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 619 - El Monte
- County: Los Angeles
- Development Name: 619 - El Monte
- Driving Directions: The property is positioned just south of Garvey Avenue & west of Cogswell Road.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Entry Location: Drive-By
- Year Built: 1946
Lot Features
- Lot Size (Acres): 0.91
- Lot Size Source: Public Records
- Zoning: EMR3YY
- Lot Description: 36-40 Units/Acre, Lot 20000-39999 Sqft
Financial Considerations
- Price Per Unit: 114700
Listed and Sold by Marcus & Millichap, Douglas McCauley and Marcus & Millichap, David Covarrubias
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Schools
Schools serving 11951 Magnolia St
School Districts:Mountain View Elementary School District, El Monte, CA, El Monte Union High School District
| Name | Grades | Distance |
|---|---|---|
Willard F. Payne Elementary School 2850 Mountain View Road, El Monte, CA 91732 | K-6 | 0.1 mi |
Charles T. Kranz Intermediate School 12460 Fineview Street, El Monte, CA 91732 | 7-8 | 1.1 mi |
Mountain View High School 2900 Parkway Drive, El Monte, CA 91732 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11951 Magnolia St
Date
Details
Price
Change
Source
8/25/2025
Sold
$4,095,000
-10.75%
MLS
5/19/2025
Listed
$4,588,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11951 Magnolia Street, El Monte, CA 91732 (MLS# CV25111623) is a Multi-Family property that was sold at $4,095,000 on August 25, 2025. Want to learn more about 11951 Magnolia Street? Do you have questions about finding other Multi-Family real estate for sale in El Monte? You can browse all El Monte real estate or contact a Coldwell Banker agent to request more information.

