$4,415,000
$4,415,000
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7559 Hellman Avenue Rosemead, CA 91770
11,264 SqFt
Key Details
Sold Price $4,415,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 11,264 sqft
Price per Sqft $391
MLS Listing ID CRPW24082357
Sold Date 06/27/24
HOA Y/N No
Year Built 1962
Lot Size 0.389 Acres
Acres 0.39
Property Description
We are pleased to present Hellman Apartments, a 17-unit apartment community in Rosemead, CA. The building features an excellent mix of 1, 2, and 3-bedroom units, gated entry, covered parking, individual gas & electric meters, and copper plumbing. Additionally, approximately 85% of the units have been fully renovated with vinyl flooring, stainless steel appliances, granite countertops, and recessed LED lighting. With strong in-place rents, the property generates a current cap rate of 5.1% and 7.2% with market rents, offering an investor roughly 30% upside in rental income. This property is ideal for investors seeking a well-located and well-maintained asset with significant upside potential.
Location
State CA
County Los Angeles
Area Listing
Zoning RMR3
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5286009018
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with SunnyLee