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202 E Hellman Ave, Monterey Park, CA 91755
$4,280,000
202 E Hellman Ave, Monterey Park, CA 91755View this property at 202 E Hellman Ave, Monterey Park, CA 91755
202 E Hellman AveMonterey ParkCA91755
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Property Description
The subject property is situated on a corner lot totaling 19,066 square feet. Constructed in 1961, 202 E Hellman Avenue consists of 12 apartments within 3 buildings with a net rentable area of 11,191 square feet. The neatly landscaped, well-maintained property is separately metered for gas and electric and offers a laundry facility and covered parking including carports and garage spaces.The desirable unit mix consists of all two-bedroom apartments, two of which are townhome-style. The units offer modern appointments such as tile flooring, granite countertops, gas stove, wall unit for heating and cooling, and ample storage space. Select units have a patio. While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents or implementing full unit renovations. With current rents approximately 30% below market, a new owner is presented with the opportunity to increase rents to market upon vacancy or further increase rental income with complete unit renovations. There are no local rent control restrictions (the property remains subject to AB 1482). PART OF A 7 BUILDING PORTFOLIO; CAN BE SOLD INDIVIDUALLY.
Full Property Details
Full Property Details for 202 E Hellman Ave
General
- Sold For: $4,280,000
- HOA FEE: $7,200
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-132573
- Added to Site: 800 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 24
Other Rooms
- Laundry: Community
Additional Information
- Other Features: None
Parking
- Garage Description: Garage - 2 Car, Covered Parking
Location
- Area: Monterey Park
- County: Los Angeles
- Driving Directions: 202 E Hellman Avenue is located between New Avenue and Del Mar Avenue in the city of Monterey Park.
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Utilities
- Trash: 3900
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 11,191
- Sq. Ft. Source: Assessor
- Year Built: 1961
- Year Built Source: Assessor
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107, 2108, 2109, 2110
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 5
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.4377
- Lot Size: 19066
- Lot Size Source: Assessor
- Zoning: MPR3*
Financial Considerations
- Price Per Sq. Ft.: $391.39
- Maint. Fee: $7,200
- Insurance Fee: $5,036
- Assessment Year: 1961
- Pays Electric: 638
- Pays Trash: 3900
Disclosures and Reports
- Disclosures/Reports: Court Approval Required
- APN: 5255-014-015
Listed by CB Richard Ellis, Inc., Priscilla Nee
Sold by Berkshire Hathaway H.S.C.P., Steve Tang
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Schools
Schools serving 202 E Hellman Ave
School District:Alhambra Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
120 S Ynez Ave, Monterey Park, CA 91754 | K-8 | 0.7 mi | |
501 E Hellman Ave, Alhambra, CA 91801 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 202 E Hellman Ave
Date
Details
Price
Change
Source
5/18/2022
Sold
$4,280,000
-2.28%
MLS
3/02/2022
Listed
$4,380,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
202 E Hellman Ave, Monterey Park, CA 91755 (MLS# 22-132573) is a Multi-Family property that was sold at $4,280,000 on May 18, 2022. Want to learn more about 202 E Hellman Ave? Do you have questions about finding other Multi-Family real estate for sale in Monterey Park? You can browse all Monterey Park real estate or contact a Coldwell Banker agent to request more information.