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L&J / GRANDVIEW MHP 2 Multifamily Properties Offered at $3,300,000 in Gardena, CA
Investment Highlights
- Construction Year: 1956/1957
- Community Type: All-age community
- Location: Gardena, California
- Occupancy: High Occupancy
- Land Area: 1.82 acres
Executive Summary
Martinez & Associates is pleased to present the opportunity to acquire L&J MHP and Grandview MHP, a well-kept collection of 32 MH sites and 2 Single Family Residences in Los Angeles County.
L&J Mobile Home Park currently consists of 17 mobile home sites, and 1 Single family Residence. Grandview MHP currently consists of 15 mobile home sites, and 1 Single Family Residence. All mobile homes are tenant owned except for #13 in L&J MHP. The parks were built in mid-1950's and both parks cover 1.82 acres over two different parcels. The occupancy at both parks has been historically strong with minimal vacancies. There is currently one vacant lot ready for a new home to brought into L&J MHP.
The parks are serviced by city water & sewer public utilities. Electric & Gas charges are sub-metered, and the residents pay for their usage. Sewer, Trash, and Water charges are included in the rent currently, but the current owner has begun charging newer tenants for Water & Trash.
The dense in-fill Los Angeles County location makes these parks extremely attractive to the investment community. Gardena, CA is only minutes from the local beach communities, major transportation hubs, and offers its residents plenty of employment opportunities. These all-age communities will continue to provide income stability with minimal operational concerns.
L&J Mobile Home Park currently consists of 17 mobile home sites, and 1 Single family Residence. Grandview MHP currently consists of 15 mobile home sites, and 1 Single Family Residence. All mobile homes are tenant owned except for #13 in L&J MHP. The parks were built in mid-1950's and both parks cover 1.82 acres over two different parcels. The occupancy at both parks has been historically strong with minimal vacancies. There is currently one vacant lot ready for a new home to brought into L&J MHP.
The parks are serviced by city water & sewer public utilities. Electric & Gas charges are sub-metered, and the residents pay for their usage. Sewer, Trash, and Water charges are included in the rent currently, but the current owner has begun charging newer tenants for Water & Trash.
The dense in-fill Los Angeles County location makes these parks extremely attractive to the investment community. Gardena, CA is only minutes from the local beach communities, major transportation hubs, and offers its residents plenty of employment opportunities. These all-age communities will continue to provide income stability with minimal operational concerns.
Property Facts
| Price | $3,300,000 | Number of Properties | 2 |
| Price / SF | $362.32 / SF | Individually For Sale | 0 |
| Cap Rate | 4.70% | Total Building Size | 9,108 SF |
| Sale Type | Investment | Total Land Area | 1.82 AC |
| Status | Active |
| Price | $3,300,000 |
| Price / SF | $362.32 / SF |
| Cap Rate | 4.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,108 SF |
| Total Land Area | 1.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1436 W 130th St, Gardena, CA 90249 | Multifamily | 5,644 SF | 1957 | - |
| 1425 W 132nd St, Gardena, CA 90249 | Multifamily | 3,464 SF | 1956 | - |
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