1003 E Hellman Ave | Monterey Park, CA 91755
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- LoopNet Team
1003 E Hellman Ave
Monterey Park, CA 91755
Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- Desirable Rental Location in the Monterey Park
- Excellent Unit Mix Featuring One and Two Bedroom Floor Plans | Generous Average Unit Size of 713 Net Square Feet
- Highest Asian Population Density in the United States
- Three Contiguous Well Maintained Properties Situated on Large 2.18 Acre Lot
- Value-Add Opportunity | Potential to Significantly Increase the Income through Interior & Exterior Renovations
- Conveniently Located Near Cal State University, Los Angeles, the Metrolink Cal State LA Station and the Monterey Park Marketplace Shopping Center
PROPERTY FACTS
| No. Units | 68 | Building Size | 47,920 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 2.19 AC | ||
| Zoning | R3, Monterey Park | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.19 AC |
| Building Size | 47,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | R3, Monterey Park |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 39 | $1,440 | 616 |
| 2+1 | 29 | $1,863 | 844 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,714,027 | |
| Land Assessment | $3,653,972 | Total Assessment | $7,367,999 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,653,972
Improvements Assessment
$3,714,027
Total Assessment
$7,367,999
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