7559 Hellman Avenue Rosemead, CA ^$ 4,415,000

7559 Hellman Avenue

^$ 4,415,000

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Recently Listed

7559 Hellman Avenue

Rosemead, CA, 91770

^$ 4,415,000

Bedrooms24 Baths4.0 Sq 11,264

Monthly Estimate*

^$ 30,840

Listed by Triqor Group

7559 Hellman Avenue, Rosemead, CA 91770 - Image 1

7559 Hellman Avenue, Rosemead, CA 91770 - Image 2

7559 Hellman Avenue, Rosemead, CA 91770 - Image 3

7559 Hellman Avenue, Rosemead, CA 91770 - Image 4

7559 Hellman Avenue, Rosemead, CA 91770 - Image 5

Multi-Family Home for sale in Rosemead, CA

for $4,415,000 with 24 bedrooms and 4 full baths. This 11,264 square foot home was built in 1962 on a lot size of 0.3892.

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.

Multi-Family Active

Price

^$ 4,415,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.3892

Year Built

1962

Town/City

Rosemead

County/Region

Los Angeles

MLS | Web ID

PW24082357

Days on Market

Features

General

Sewer PublicSewer

Zoning RMR3YY

Garage Spaces 1.0

Pool Features None

Year Built 1962

Property SubType Apartment

Gross Income 336478.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 223754.0

Operating Expense 112724.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Turn left onto Hellman Ave. from Newman Ave. property is on your right.

City Rosemead

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 17

MLS Area 651 - Rosemead/S. San Gabriel

Lot Size Square Feet 16954.0

Private Pool N

Waterfront Y/N N

Carport Spaces 16.0

Carport Y/N Y

Street Name Hellman

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 137

Property Sub Type Additional Apartment

Exterior

Lot Features RectangularLot

Water Source Public

Total Parking 17.0

Lot Size Area 16954.0

Number of Buildings 1

Spa N

Building Area Total 11264.0

Lot Size Acres 0.3892

Lot Size Units SquareFeet

Lot Size Source PublicRecords

Number of Separate Water Meters 0

Number of Separate Gas Meters 17

Number of Separate Electric Meters 17

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 7559

* Excluded Features

List By

Triqor Group

Broker

(949) 756-3232

Phone

Affordability Calculator

$30,840

Per Month

Monthly Principal & Interest: $30,840
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Rosemead, CA

Average List Price ^$1,847,800

Percent of Sale Price 58%

About Rosemead, CA

54,133 Population

1% Since 2002

^$46,643 Median Income

39.62 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2024	$4,415,000		Listed Price

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7559 Hellman Avenue, Rosemead, CA, 91770 is a Multi-Family Home for sale at $4,415,000 with 11,264 sqft and a lot size of 0.3892. 7559 Hellman Avenue has 24 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 91770 which is in Rosemead, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/2024. 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.

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7559 Hellman Avenue

Multi-Family Home for sale in Rosemead, CA

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