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

$4,415,000

Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

0.39 Acres Lot


SOLD DATE : 06/27/2024

Key Details

Sold Price $4,415,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24082357

Sold Date 06/27/24

Bedrooms 6

HOA Y/N No

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.
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 Rosemead (91770)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $371

Acceptable Financing Conventional

Space Rent $1,567

Listing Terms Conventional

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Chris Keramati • Triqor Group
Bought with SUNNY LEE • CAPITAL FINANCIAL & INV.,INC.
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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