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.
Sold for $4,415,000 on 06/27/24
Listing Provided by:
Chris Keramati DRE #01702116 chris@triqorgroup.com,
Triqor Group,
Ryan Loria DRE #02006138,
Triqor Group
$4,415,000
7559 Hellman Ave #BE1C4E3C6, Rosemead, CA 91770
--beds
--baths
11,264sqft
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$392/sqft
$1,837 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 02, 2024 at 05:07pm
Listing Provided by:
Chris Keramati DRE #01702116 chris@triqorgroup.com,
Triqor Group,
Ryan Loria DRE #02006138,
Triqor Group
Bought with:
SUNNY LEE, DRE #01852431
Sunshine International Inv., Inc.
Source: CRMLS,MLS#: PW24082357
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 11,264
- Total interior livable area: 11,264 sqft
Property
Parking
- Total spaces: 17
- Parking features: Garage, Carport
- Garage spaces: 1
- Carport spaces: 16
- Covered spaces: 17
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 0.39 Acres
- Features: Rectangular Lot
Details
- Parcel number: 5286009018
- Zoning: RMR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Rosemead
Other
Other facts
- Listing terms: Conventional