1003 E Hellman Avenue
Monterey Park, CA 91755
1.60 acres | #CV25065940
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 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
Property Details
- Lot DescriptionLotOver40000Sqft
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$15,000,000
- MLS #CV25065940
- MLS #CV25065940
- Property SubtypeApartment
- Cost15000000
- Acres1.5954
- Utility SourcePublic
- Year Built1962
- Stories2
Location
Legal
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. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: ERIC CHEN (#C32772)
Listing Office: CB RICHARD ELLIS (#1177)
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