Rosemead, CA 91770,7559 Hellman AVE
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Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE
Rosemead, CA 91770,7559 Hellman AVE

$4,415,000

Est. payment /mo

$4,415,000

Est.Price: ?

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7559 Hellman AVE Rosemead, CA 91770

0.39 Acres Lot

SOLD DATE : 06/27/2024

Key Details

Sold Price $4,415,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24082357

Sold Date 06/27/24

Originating Board California Regional MLS

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

Interior

Laundry Community Facility

Exterior

Garage Spaces 17.0

Pool None

Building

Water District - Public

Others

Tax ID 5286009018

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Chris Keramati • Triqor Group
Bought with SUNNY LEE
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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