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Sold on 06/27/2024
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7559 Hellman Ave, Rosemead, CA 91770

$4,415,000

Last sold 06/27/2024 after 64 Days

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    bed

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    bath

Multi-family not for sale
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About 7559 Hellman Ave

Property type Multi-family
Year built 1962
HOA fee $0/month
Lot size 0.39 Acre
Parking 1 garage spaces
Rental estimate
Property description
We are pleased to present Hellman Apartments, a 17-unit apartment community in Rosemead, CA. The building features an excellent mix of 1, 2, and 3-bedroom units, gated entry, covered parking, individual gas & electric meters, and copper plumbing. Additionally, approximately 85% of the units have been fully renovated with vinyl flooring, stainless steel appliances, granite countertops, and recessed LED lighting. With strong in-place rents, the property generates a current cap rate of 5.1% and 7.2% with market rents, offering an investor roughly 30% upside in rental income. This property is ideal for investors seeking a well-located and well-maintained asset with significant upside potential.
Listed by
Listing Agent - Chris Keramati
Listing Agent Contact: Chris@triqorgroup.com
Listing Office - Triqor Group
Source: CRMLS mls logo
MLS#PW24082357 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.3892
Lot Size (SqFt) 16954
Year Built 1962
Interior
Laundry Community
Exterior
Building Area Square Feet, 11264
# Carport Spaces 16
# Parking Spaces 17
# Garage Spaces 1
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Zoning RMR3YY
Directions Turn Left Onto Hellman Ave. From Newman Ave., Property Is On Your Right.
APN 5286009018
Multifamily Details
Operating Expense 112724
Total Expenses 112724
Gross Income 336478
Gross Scheduled Income 346884
Rental est.: $2,588/month
Gross rent multiplier: 142.2
  • Jul 2024
    mls logo MLS # PW24082357
  • Jul 2, 2024 Sold
    $4,415,000
  • Apr 24, 2024 Listed
    $4,415,000
  • Jun 2024
    Public Records
  • Jun 27, 2024 Sold
    $4,415,000
  • Year Property taxes Tax assessment
  • 2024
    $13,124 +3.0%
    $715,998
  • 2023
    $12,744 +3.8%
    $715,998 +4.02%
  • 2022
    $12,274 +1.1%
    $688,295 +1.99%
  • 2021
    $12,135 +0.8%
    $674,850
  • 2020
    $12,044
    $674,850
  • 7559 Hellman Ave
    $4.41M
  • —
  • 91770
    $898K +7% y/y
  • Rosemead
    $898K +6% y/y
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Statistics calculated by Movoto

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8/10
San Gabriel High School
public Grades 9-12
Alhambra Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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