7529 Hellman Avenue
7529 Hellman Avenue
$4,725,000
6
22
15,012
15,012
$315
Closed 1/9/24
Description
The 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...The 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.
- Listed by Brian Gordon • DRE #01302670 • Brokerage DRE #01764292 • Lotus Property Services, Inc. • 626-582-8001
Property Details for 7529 Hellman Avenue
View
Neighborhood
Parking Spaces Total22
Private PoolNo
Total Units20.0
Building TypeAttached
Lot Size SourceAssessor
Living Area15012
Assessor Parcel Number5286-009-023
Location
LISTING UPDATED: 01/10/2024 04:17 AM
Property Details for 7529 Hellman Avenue
Status | Closed |
---|---|
MLS # | AR23080086 |
Days on Market | 152 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
County | Los Angeles County |
Location
Building Information for 7529 Hellman Avenue
Building/Complex7529 Hellman AveFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-
Payment Calculator
$28,083 per month
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Property Information for 7529 Hellman Avenue
Property History for 7529 Hellman Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7529 Hellman Avenue
Taxable ValueLand$967,243Additions$930,915Total$1,898,158
Tax Record2023$27,562 ($2,297 / month)
Home Facts
Total Finished SqFt15,012 SqFtAbove Grade Finished SqFt15,012 SqFtLot Size14,842 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningRMR3YYCountyLOS ANGELESAPN5286-009-023
Schools near 7529 Hellman Avenue
This home is within Garvey Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Emerson (Ralph Waldo) Elementary School PublicK to 6 | ||
Garvey (Richard) Intermediate School Public7 to 8 | ||
San Gabriel High School Public9 to 12 | ||
Duff Language Magnet Academy PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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