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
Bought with: Sunshine International Inv., Inc.
$4,415,000
7559 Hellman Ave #BE1C4E3C6, Rosemead, CA 91770
24beds
18baths
11,264sqft
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$392/sqft
$1,965 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,965/mo
Zestimate® history
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What's special
Zillow last checked: 8 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
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 18
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
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2024 | Sold | $4,415,000$392/sqft |
Source:  CRMLS #PW24082357 | ||
| 4/24/2024 | Listed for sale | $4,415,000$392/sqft |
Source: CRMLS #PW24082357 | ||
| 11/1/2023 | Listing removed | -- |
Source: Zillow Rentals | ||
| 10/27/2023 | Price change | $1,725-4.2% |
Source: Zillow Rentals | ||
| 9/27/2023 | Price change | $1,800-2.7% |
Source: Zillow Rentals | ||
Public tax history
Tax history is unavailable.
Neighborhood: 91770
Nearby schools
GreatSchools rating
- 6/10Emerson (Ralph Waldo) Elementary SchoolGrades: K-6Distance: 0.3 mi
- 7/10Garvey (Richard) Intermediate SchoolGrades: 7-8Distance: 0.6 mi