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10931 1st Ave Mobile Home Park $4,885,720 CAD 4.90% Cap Rate Whittier, CA 90603
INVESTMENT HIGHLIGHTS
- Rental Upside
- Value-Add Potential
- Historically Strong Occupancy Rate
- Prime Location
- Mixed Unit Mix
- 55+ Community
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $4,885,720 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 4.90% | Building Size | 51,836 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1949 |
| Zoning | R16, Whittier | ||
| Price | $4,885,720 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 51,836 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Zoning | R16, Whittier |
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