NOT LISTED FOR SALE

7559 Hellman Ave Rosemead, CA 91770

6 Beds
4 Baths
11,264 Sq Ft
0.39 Acres

Last Sold June 27, 2024

Last sale price $4,415,000 $392 Per Sq Ft

3 Days on Market

Highlights

  • 0.39 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • Garvey (Richard) Intermediate School Rated A-

About This Home

As of June 2024

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.

Last Agent to Sell the Property

Chris Keramati

Triqor Group Brokerage Email: chris@triqorgroup.com License #01702116 Listed on: 04/24/2024

Co-Listed By

Ryan Loria

Triqor Group Brokerage Email: chris@triqorgroup.com License #02006138

Last Buyer's Agent

Sunny Lee

Sunshine International Inv., Inc. License #01852431

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage
  • 16 Carport Spaces

Home Design

  • Apartment

Interior Spaces

  • 11,264 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 137
  • Tax Tract Number 2826
  • Assessor Parcel Number 5286009018
  • $4,459 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • Operating Expense $112,724
  • Gross Income $336,478
  • Net Operating Income $223,754

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 259706
  • Property Attached: Yes
  • Zoning: RMR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5286009018
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 391.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 16954.00
  • Lot Size Acres: 0.3892
  • Latitude Manual: 34.07022600

Multi Family

  • Gross Income: 336478.00
  • Gross Scheduled Income: 346884.00
  • Lot Size Area: 16954.0000 Square Feet
  • Net Operating Income: 223754.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 112724.00
  • Rent Control: Yes
  • Total Expenses: 112724.00

Tax Info

  • Tax Census Tract: 4823.03
  • Tax Lot: 137
  • Tax Tract Number: 2826
  • TaxOtherAnnualAssessmentAmount: 4459.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $4,415,000 0.0% $392 / Sq Ft
04/24/2024 04/24/24 For Sale $4,415,000 -- $392 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Keramati

    Seller's Agent in 2024

    Chris Keramati

    Triqor Group

    (949) 756-3232

    1 in this area

    20 Total Sales

    Section Image
  • Ryan Loria

    Seller Co-Listing Agent in 2024

    Ryan Loria

    Triqor Group

    (714) 604-6608

    1 in this area

    7 Total Sales

    Section Image

  • S

    Buyer's Agent in 2024

    Sunny Lee

    Sunshine International Inv., Inc.

    (626) 297-9191

    14 in this area

    150 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24082357

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Rosemead 91770

7559 Hellman Ave, Rosemead, CA

This home is located at 7559 Hellman Ave, Rosemead, CA 91770 since 24 April 2024. This property was built in 1962. 7559 Hellman Ave is a home located in Los Angeles County with nearby schools including Emerson (Ralph Waldo) Elementary School, Garvey (Richard) Intermediate School, and San Gabriel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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