Sold for $4,415,000

Listed by: Triqor Group • Chris Keramati • Contact: 949-756-3232

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

$2,239,600 Zestimate^®

$392/sqft

$2,552 Estimated rent

Home value

$2,239,600

$1.88M - $2.69M

$2,552/mo

Zestimate^® history

Owner options

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$2,552/mo

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$2,552/mo

Rent Zestimate^®

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$27,993/mo

Est. payment

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$27,993/mo

Est. payment

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What's special

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.

Facts & 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 & HOA

Community

Features: Sidewalks

Location

Region: Rosemead

Financial & listing details

Price per square foot: $392/sqft
Date on market: 4/24/2024
Cumulative days on market: 3 days
Listing terms: Conventional

Price history

Date	Event	Price
6/27/2024	Sold	$4,415,000$392/sqft
Source: CRMLS #PW24082357 Report a problem
4/24/2024	Listed for sale	$4,415,000$392/sqft
Source: CRMLS #PW24082357 Report a problem
11/1/2023	Listing removed	--
Source: Zillow Rentals Report a problem
10/27/2023	Price change	$1,725-4.2%
Source: Zillow Rentals Report a problem
9/27/2023	Price change	$1,800-2.7%
Source: Zillow Rentals Report a problem
9/18/2023	Listed for rent	$1,850+8.8%
Source: Zillow Rentals Report a problem
6/22/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/13/2023	Listed for rent	$1,700
Source: Zillow Rentals Report a problem