Matt Lee, Elizabeth Clark & Tai Kagehiro Facilitate $1.79M Sale Of El Monte Mobile Home Park
SOLD
$1,790,000
California
See Similar DealsOther2,260 SF
Sold 08/25/2021
SOLD
Matt Lee, Elizabeth Clark & Tai Kagehiro Facilitate $1.79M Sale Of El Monte Mobile Home Park
2826 Meeker Avenue, El Monte, CA, USA
See Similar DealsOther2,260 SF
Sold 08/25/2021
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$792
Total Square Footage:2,260 SF
Transaction Type:Sale
The mobile home park located at 2826 Meeker Avenue in El Monte was sold for $1,790,000. Spanning 2,260 square feet, the property was acquired by Reasonable Rentals from Dorothy Stauch. The deal was facilitated by brokers Matt Lee, Elizabeth Clark, and Tai Kagehiro.
Summary of transaction details:
- Property Type: Mobile Home Park
- Transaction Amount: $1,790,000
- Address: 2826 Meeker Avenue
- Market: El Monte
- Seller: Dorothy Stauch
- Buyer: Reasonable Rentals
- Brokers: Matt Lee, Elizabeth Clark, Tai Kagehiro
- Square Footage: 2,260
- Price per Square Foot: $792
The professionals involved in the transaction include Elizabeth Clark, Tai Kagehiro, and Matt Lee, who served as the brokers representing the parties during the sale of the mobile home park in El Monte. Dorothy Stauch acted as the seller, while Reasonable Rentals emerged as the buyer, finalizing the deal for the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,359.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,485.51
Annual Debt Service$101,826.16
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