Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
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$4,415,000

$4,415,000

Est.Price: ?

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Est. payment /mo

0.39 Acres Lot


SOLD DATE : 06/27/2024

Key Details

Sold Price $4,415,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24082357

Sold Date 06/27/24

HOA Y/N No

Year Built 1962

Lot Size 0.389 Acres

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 651 - Rosemead/S. San Gabriel

Zoning RMR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Carport Spaces 16

Garage Description 1.0

Pool None

Community Features Sidewalks

Total Parking Spaces 17

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5286009018

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chris Keramati • Triqor Group • chris@triqorgroup.com
Bought with SUNNY LEE • CAPITAL FINANCIAL & INV.,INC.
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4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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