1003-1025 E Hellman Ave
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1003-1025 E Hellman Ave
68 Unit Apartment Building For Sale Monterey Park, CA 91755
Investment Highlights
- Desirable Rental Location in the Monterey Park
- Excellent Unit Mix Featuring One and Two Bedroom Floor Plans | Generous Average Unit Size of 713 Net Square Feet
- Highest Asian Population Density in the United States
- Three Contiguous Well Maintained Properties Situated on Large 2.18 Acre Lot
- Value-Add Opportunity | Potential to Significantly Increase the Income through Interior & Exterior Renovations
- Conveniently Located Near Cal State University, Los Angeles, the Metrolink Cal State LA Station and the Monterey Park Marketplace Shopping Center
Executive Summary
CBRE, Inc., as exclusive advisor, is proud to present an exceptional opportunity to acquire 68 units that consists of three contiguous parcels located at 1003 E Hellman Avenue, 1013 E Hellman Avenue, and 1025 E Hellman Avenue in the city of Monterey Park.
This vibrant location positions your investment at the heart of it all. The properties are situated on the south-west corner of North New Avenue and East Hellman and are within minutes away from a plethora of diverse restaurants, shopping centers, entertainment attractions and Cal State University Los Angeles.
Situated on a large 2.18-acre lot, the property is strategically located next to Mark Keppel High School in an area with the highest Asian population density in the United States.
Built in 1949, 1959 and 1962 the properties are well-maintained situated on ±95,282 square feet of land and a total building size of ±47,920 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 713 square feet per unit. The smoke free units feature wall air conditioning and heating, wall-to-wall carpeting, vertical blinds, high-speed internet, balconies, secured screen doors, and kitchens with refrigerators, oven-range and disposals. The building features on-site laundry facilities, mature landscaping, secured gated access, surface and covered parking.*
The property is ideally located offering convenient access to the 10, 710, 5 and 110 freeways and neighboring cities in the San Gabriel Valley—Rosemead, Montebello, South San Gabriel and Alhambra. It is less than 10 miles from Downtown Los Angeles and just a short drive away from Pasadena, Hollywood and Beach Cities. Nearby shopping includes Home Depot, Costco and Target. Significant local landmarks within a short distance include: Dodger Stadium, Cyrpto.com Arena, LA Live, the Hollywood Bowl, Los Angeles Union Station and more.
As prime income properties in a high-demand area, this offering presents stability and a rare chance to capitalize on a thriving market and is ideal for various investors whether it may be a first-time purchaser, seasoned investor, developer or looking for a 1031 exchange opportunity.
*Property features vary
This vibrant location positions your investment at the heart of it all. The properties are situated on the south-west corner of North New Avenue and East Hellman and are within minutes away from a plethora of diverse restaurants, shopping centers, entertainment attractions and Cal State University Los Angeles.
Situated on a large 2.18-acre lot, the property is strategically located next to Mark Keppel High School in an area with the highest Asian population density in the United States.
Built in 1949, 1959 and 1962 the properties are well-maintained situated on ±95,282 square feet of land and a total building size of ±47,920 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 713 square feet per unit. The smoke free units feature wall air conditioning and heating, wall-to-wall carpeting, vertical blinds, high-speed internet, balconies, secured screen doors, and kitchens with refrigerators, oven-range and disposals. The building features on-site laundry facilities, mature landscaping, secured gated access, surface and covered parking.*
The property is ideally located offering convenient access to the 10, 710, 5 and 110 freeways and neighboring cities in the San Gabriel Valley—Rosemead, Montebello, South San Gabriel and Alhambra. It is less than 10 miles from Downtown Los Angeles and just a short drive away from Pasadena, Hollywood and Beach Cities. Nearby shopping includes Home Depot, Costco and Target. Significant local landmarks within a short distance include: Dodger Stadium, Cyrpto.com Arena, LA Live, the Hollywood Bowl, Los Angeles Union Station and more.
As prime income properties in a high-demand area, this offering presents stability and a rare chance to capitalize on a thriving market and is ideal for various investors whether it may be a first-time purchaser, seasoned investor, developer or looking for a 1031 exchange opportunity.
*Property features vary
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,379,040
|
$24.22
|
| Other Income |
$19,987
|
$0.35
|
| Vacancy Loss |
$41,971
|
$0.74
|
| Effective Gross Income |
$1,357,056
|
$23.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
$222,411
|
$3.91
|
| Total Expenses |
$222,411
|
$3.91
|
| Net Operating Income |
$1,134,645
|
$19.93
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $1,379,040 |
| Annual Per SF | $24.22 |
| Other Income | |
|---|---|
| Annual | $19,987 |
| Annual Per SF | $0.35 |
| Vacancy Loss | |
|---|---|
| Annual | $41,971 |
| Annual Per SF | $0.74 |
| Effective Gross Income | |
|---|---|
| Annual | $1,357,056 |
| Annual Per SF | $23.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $222,411 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $222,411 |
| Annual Per SF | $3.91 |
| Net Operating Income | |
|---|---|
| Annual | $1,134,645 |
| Annual Per SF | $19.93 |
Property Facts
| Sale Type | Investment | Lot Size | 2.19 AC |
| No. Units | 68 | Building Size | 56,931 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.46/1,000 SF |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.19 AC |
| Building Size | 56,931 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 39 | $1,440 | 616 |
| 2+1 | 29 | $1,863 | 844 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $7,223,531 (2024) | |
| Land Assessment | $3,582,327 (2024) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $3,641,204 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,582,327 (2024)
Improvements Assessment
$3,641,204 (2024)
Total Assessment
$7,223,531 (2024)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3, Monterey Park |
| R3, Monterey Park |
-
Power Broker Eric Chen -
CBRE, Inc.
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1003-1025 E Hellman Ave
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