1003 E Hellman Avenue

Monterey Park, CA 91755

  • 0 Bed(s)
  • 0 Bath(s)
  • 47,920 Sqft
  • 95282
    Sqft(Lot)
$23,000,000

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

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48424658

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 47,920

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 2.1874
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 95282

  • Listing Price Information

    • Original List Price: 23,000,000
    • Listing Contract Date: 2025-01-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5258010036

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 641 - Monterey Park
    • Directions: Merge onto I-10 W, Take exit 24 for New Ave, Turn right onto S New Ave, Turn right onto E Hellman Ave
    • Zoning: MPR3*
    • Source Property Type: Residential Income
    • Area: 641 - Monterey Park
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 63
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 08:49

  • MLS: CV25017683
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 47,920 sqft, 95,282 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Monterey Park , in zip code 91755, this Los Angeles County Home are nearby neighborhoods.