Rosemead, CA 91770,7559 Hellman Avenue
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Rosemead, CA 91770,7559 Hellman Avenue
Rosemead, CA 91770,7559 Hellman Avenue
Rosemead, CA 91770,7559 Hellman Avenue
Rosemead, CA 91770,7559 Hellman Avenue

$4,415,000

Est. payment /mo

$4,415,000

Est.Price: ?

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7559 Hellman Avenue Rosemead, CA 91770

11,264 SqFt

SOLD DATE : 06/27/2024

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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Bridge MLS
Listed by Chris Keramati • Triqor Group
Bought with SunnyLee
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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