Seller's Agent in 2024
Brian Gordon
Lotus Property Services, Inc.
(626) 582-8001
1 in this area
18 Total Sales
7529 Hellman Ave Rosemead, CA 91770
6
Beds
4
Baths
15,012
Sq Ft
0.34
Acres
Highlights
- Auto Driveway Gate
- 0.34 Acre Lot
- Neighborhood Views
- Garvey (Richard) Intermediate School Rated A-
- No HOA
- Resident Manager or Management On Site
About This Home
As of January 2024The Hellman House Apartments is a 20-unit apartment complex located at 7529 Hellman Avenue, Rosemead, CA 91770. Built in 1963, the building features an excellent unit mix consisting of (2) three-bedroom/two-bathroom units, (8) two-bedroom/one-bathroom units and (10) one-bedroom/one-bath units. The property features a courtyard setting, spacious laundry facility and secured parking. The 14,841 square foot building sits on a large 15,012 lot, which is RMR3YY zoned. The building is separately metered for both electricity and gas and consistently holds a very low annual expense ratio. The Hellman Apartments is a value-add opportunity in which new ownership has an opportunity to increase rents by virtue of implementing a renovation program to the unit interiors. Current rents are below market offering significant rental upside. This is a rare opportunity for an investor who is looking for a value-add property in a high-end supply constrained submarket with historically low vacancy rates. Featuring character 1963 construction and well-maintained condition, this trophy investment offers historically low expenses, ease of management and superb cash flow all while enjoying an excellent tenant profile in a superb location. The Hellman Apartments features a Walk Score of 56 and it is conveniently located just a short distance from restaurants, parks and 10/710/605/60 freeways.
Last Agent to Sell the Property
Lotus Property Services, Inc. License #01302670 Listed on: 05/11/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 15,012 Sq Ft Home
- 2-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 22 Parking Spaces
- 22 Carport Spaces
- Parking Available
- Auto Driveway Gate
- Paved Parking
Additional Features
- Exterior Lighting
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 139
- Tax Tract Number 2826
- Assessor Parcel Number 5286009023
Community Details
Overview
- No Home Owners Association
- 20 Units
Building Details
- 20 Leased Units
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $240
- Electric Expense $2,688
- Fuel Expense $4,870
- Gardener Expense $750
- Insurance Expense $5,601
- Maintenance Expense $18,434
- Other Expense $9,817
- Pest Control $650
- Professional Management Expense $16,590
- Trash Expense $4,749
- Water Sewer Expense $8,889
- Security Expense $9,484
- New Taxes Expense $56,650
- Operating Expense $141,111
- Gross Income $368,676
- Net Operating Income $227,565
Additional Features
- Laundry Facilities
- Resident Manager or Management On Site
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2024 01/09/24 | Sold | $4,725,000 | -8.3% | $315 / Sq Ft |
| 10/10/2023 10/10/23 | Pending | -- | -- | -- |
| 09/08/2023 09/08/23 | Price Changed | $5,150,000 | -1.9% | $343 / Sq Ft |
| 07/10/2023 07/10/23 | Price Changed | $5,250,000 | -1.9% | $350 / Sq Ft |
| 05/11/2023 05/11/23 | For Sale | $5,350,000 | -- | $356 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,516 | $4,819,500 | $2,412,300 | $2,407,200 |
| 2024 | $28,516 | $1,935,620 | $986,587 | $949,033 |
| 2023 | $27,562 | $1,897,668 | $967,243 | $930,425 |
| 2022 | $26,377 | $1,860,460 | $948,278 | $912,182 |
| 2021 | $26,186 | $1,823,982 | $929,685 | $894,297 |
| 2019 | $25,285 | $1,770,374 | $902,111 | $868,263 |
| 2018 | $25,078 | $1,735,671 | $884,423 | $851,248 |
| 2016 | $23,026 | $1,667,804 | $850,081 | $817,723 |
| 2015 | $22,665 | $1,642,753 | $837,312 | $805,441 |
| 2014 | $22,474 | $1,610,575 | $820,911 | $789,664 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Gordon
-
Sunny Lee
S
Buyer's Agent in 2024
Sunny Lee
Sunshine International Inv., Inc.
(626) 297-9191
13 in this area
144 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23080086
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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