El Rey Mobile Home Park
Multifamily | 5.81% CAP | 44 Units
Marketing description
El Rey Mobile Home Community is a well-maintained property comprising 44 Rental Units on approximately 2.07 acres of land. Comprised of 40 mobile home lots and four stick-built permanent homes, the property was built in 1973. Located on Waterloo Road, the property boasts excellent street exposure and convenient access to its surrounding community. All City utility services are available, including water, Sewer, Electricity, and Gas connections, for the tenants.
The Seller has also made improvements to the Property, including the following completed between 2016 and 2022: New asphalt and paving, The front house was rehabbed, New electrical system throughout the park, New underground gas system, Many of the units were brought in and rehabbed/updated.
Located on Waterloo Road, just west of the Waterloo Road offramp of the 99 Freeway, the Property is located next door to Victory Outreach Church to the East and an Industrial Park to the West. Waterloo Road is a commercial street with several businesses that cater to the local community.
Investment highlights
- 44 Total well-maintained Units built in 1973
- Excellent Street exposure.
- Upgraded Electrical System and Underground Gas Lines
- City water and sewer connections in place
- Easy Access to the 99 Freeway on Waterloo
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