7559 Hellman Avenue, Rosemead, CA 91770

About this property

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.

Listing description from the June 2024 sale, as reported to CRMLS.

Sale history

$4,415,000

Sold June 2024 · on market April 2024 · MLS #PW24082357 · Source: CRMLS

Listing Agent: Chris Keramati · Listing Office: Triqor Group · Contact: chris@triqorgroup.com · Bought with: SUNNY LEE · CAPITAL FINANCIAL & INV.,INC.

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