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$15,000,000
Est. payment /mo
3 Beds
2 Baths
1.6 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25065940
Bedrooms 3
HOA Y/N No
Lot Size 1.595 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present an exceptional opportunity to acquire 50 units located at 1003 E Hellman Avenue, in the city of Monterey Park. It may be purchased together or separately with the contiguous parcels located at 1013 and 1025 E. Hellman Avenue (18 units). 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 1.6-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 1962 the property is well-maintained situated on 69,497 square feet of land and a total building size of 36,038 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 722 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 ValleyRosemead, Montebello, South San Gabriel and Alhambra. It is less than 10 miles from Downtown Los Angeles
We are proud to present an exceptional opportunity to acquire 50 units located at 1003 E Hellman Avenue, in the city of Monterey Park. It may be purchased together or separately with the contiguous parcels located at 1013 and 1025 E. Hellman Avenue (18 units). 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 1.6-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 1962 the property is well-maintained situated on 69,497 square feet of land and a total building size of 36,038 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 722 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 ValleyRosemead, 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
We are proud to present an exceptional opportunity to acquire 50 units located at 1003 E Hellman Avenue, in the city of Monterey Park. It may be purchased together or separately with the contiguous parcels located at 1013 and 1025 E. Hellman Avenue (18 units). 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 1.6-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 1962 the property is well-maintained situated on 69,497 square feet of land and a total building size of 36,038 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 722 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 ValleyRosemead, 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
Location
State CA
County Los Angeles
Area Monterey Park (91755)
Zoning Assessor
Interior
Cooling Wall/Window
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $679
Acceptable Financing Cash
Space Rent $1,538
Listing Terms Cash
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Listed by ERIC CHEN • CB RICHARD ELLIS