8086 Garvey Ave, Rosemead, CA 91770, Rosemead, CA 91770
sale
$12,900,000
|
Single Family Attached
Courtesy Of Coldwell Banker Realty
78 total mobile home spaces on a large 3.75-acre (163,263 SF) infill Rosemead lot - a rare large-parcel holding along the Garvey Avenue corridor in the San Gabriel Valley. 75 of 78 spaces currently occupied (96.2% occupancy) with 3 vacant spaces offering immediate lease-up or repositioning upside. All homes are owned by ownership (tenants do not own their units), giving a purchaser control over rents, renovation, and repositioning of the housing stock - unlike a typical tenant-owned-home park. Current in-place gross income of approximately $84,000 per month ($1,008,000 annually) from the 75 occupied spaces, with estimated market income of $87,360 per month once the 3 vacant spaces are leased - approximately $40,320 of annual upside. Long-standing, stable tenant base across nearly 80 households in a supply-constrained Los Angeles County submarket with strong demand for attainable workforce housing. Located minutes from the 10 and 60 freeways, with proximity to retail, schools, and employment centers throughout Rosemead and the greater San Gabriel Valley.
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Property Features
- Architecture Style: Other
- MLSID: 2EMWNC
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