10931 1st Ave - Specialty FOR SALE


Whittier, CA 90603- East Whittier City
$3,500,000 USD
626-664-1341
10931 1st Ave, Whittier, CA for Sale
$3,500,000 USD
Specialty - FOR SALE
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10931 1st Ave
Whittier, CA 90603
East Whittier City


HIGHLIGHTS

  • Rental Upside
  • Prime Location
  • Value-Add Potential
  • Mixed Unit Mix
  • Historically Strong Occupancy Rate
  • 55+ Community

OVERVIEW

Martinez & Associates, Inc. is proud to present Lazy Spokes Trailer Park, a well-maintained 32-space income-producing asset located in the heart of Los Angeles County. Situated in Whittier, CA, this 55+ community spans 1.19 acres and includes 19 mobile home sites, 12 RV sites, and 1 apartment. The park benefits from public utilities, a historically high occupancy rate, and a clean, quiet environment in the desirable Summerwoods/Morningside neighborhood. Built in 1949, the property offers multiple avenues for future upside. Three vacant spaces are ready to lease, and there is room to add two additional sites—one with infrastructure already in place. The next scheduled rent increase takes effect on January 1, 2026. Operational expenses can be significantly reduced by billing back utilities and participating in the Utility Conversion Program. Investors may also explore converting the park from a 55+ to an all-age community, maximizing demand due to its strategic location between Downtown Los Angeles and Orange County. Lazy Spokes Trailer Park offers stable in-place income with immediate value-add opportunities—an ideal investment in a high-demand Southern California market.

FOR SALE DETAILS

PRICE

$3,500,000 USD

CAP RATE

4.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

R16, Whittier

APN/PARCEL ID

8231-036-029

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

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Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.