7559 Hellman Avenue, Rosemead, California 91770
  • $4,415,000

Overview

Property ID: PW24082357
  • Apartment, Residential Income
  • Property Type
  • 1.0
  • Garage
  • 11264 Sqft
  • Area Size
  • 1962
  • Year Built

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.

  • Address: 7559 Hellman Avenue
  • State/county: CA
  • Zip/Postal Code: 91770
  • Country: US

Details

Updated on July 3, 2024 at 12:07 am
  • Property ID PW24082357
  • Price $4,415,000
  • Property Size 11264 Sqft
  • Land Area 0.3892 Acres
  • Garage 1.0
  • Year Built 1962
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Conventional
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Sidewalks

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