Jeremiah Moersch REALTOR®
Office: 760-533-2540
7559 Hellman Avenue, Rosemead
$4,415,000
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6 Beds
4 Baths
.39 Acre
1 Garage
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.
Essential Information
- MLS® #
- PW24082357
- Price
- $4,415,000
- Bedrooms
- 6
- Bathrooms
- 4.00
- Acres
- 0.39
- Year Built
- 1962
- Type
- Residential Income
- Sub-Type
- Apartment
- Status
- Active
Community Information
- Address
- 7559 Hellman Avenue
- Area
- 651 - Rosemead/S. San Gabriel
- City
- Rosemead
- County
- Los Angeles
- Zip Code
- 91770
- Community Features
- Sidewalks
- Senior Community
- N
Amenities
- Parking Spaces
- 17
- # of Garages
- 1
- Pool
- None
Interior
- # of Stories
- 2
Exterior
- Lot Description
- Rectangular Lot
Additional Information
- Date Listed
- April 24th, 2024
- Days on Market
- 21
- Zoning
- RMR3YY
Listing Details
- Agent
- Chris Keramati
- Office
- Triqor Group
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 4:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.