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2826 Meeker Avenue, El Mont...

Matt Lee, Elizabeth Clark & Tai Kagehiro Facilitate $1.79M Sale Of El Monte Mobile Home Park
SOLDOther

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

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

Tai Kagehiro

Compass

Broker

$43.8M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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