109 E Hammel St Monterey Park, CA 91755
Estimated payment $12,292/month
About This Home
First time on the market in 62 years! Rare opportunity to acquire an 8-unit multifamily property located in the highly desirable city of Monterey Park, California. Available for the first time since 1963, the property features consistent tenant demand and long-term ownership pride. The building consists of one (2-bedroom / 2-bath) unit and seven (1-bedroom / 1-bath) units. The property has been meticulously maintained and offers a reliable income stream with significant long-term upside potential. All units and separately metered for electricity and gas. Individual laundry room for added convenience. Easy access to 60 FWY, 0.6 miles to Elder Park, 0.6 miles to Topgolf Montebello, 1.9 miles to Costco Wholesale.
Listing Agent
EXP REALTY Brokerage Phone: 626-824-8853 License #01928418 Listed on: 09/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 10,137 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 9 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,662 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 193
- Tax Tract Number 13919
- Assessor Parcel Number 5274020014
- $2,230 per year additional tax assessments
Community Details
Overview
- 8 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $480
- Fuel Expense $480
- Insurance Expense $7,920
- Trash Expense $3,000
- Water Sewer Expense $4,800
- Operating Expense $46,599
- Gross Income $109,080
- Net Operating Income $62,481
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2025 12/23/25 | Pending | -- | -- | -- |
| 09/26/2025 09/26/25 | For Sale | $1,975,000 | -- | $349 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25226216
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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