1003 E Hellman Avenue, Monterey Park, CA 91755
-
Listed Price :
$23,000,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1962
Property Description
We are 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
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
1003 E Hellman Avenue |
| City |
Monterey Park |
| State |
CA |
| Zip |
91755 |
| County |
Los Angeles |
| Listing Agent |
ERIC CHEN DRE #01489184 |
| Courtesy Of |
CB RICHARD ELLIS |
| List Price |
$23,000,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
95,282 |
| Year Built |
1962 |
Listing information courtesy of: ERIC CHEN, CB RICHARD ELLIS. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 25th, 2025 at 1:26 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
