Updated Oct 28, 2024
Matt Lee, Elizabeth Clark & Tai Kagehiro Facilitate $1.79M Sale Of El Monte Mobile Home Park
2826 Meeker Avenue, El Monte, CA, USA
$1,790,000
$792/SF
Building Size
2,260 SF
Asset Type
Other
Closing
Aug 25, 2021
About this deal
AI
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
El Monte Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.86%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93