Property Detail
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.
Map Location
Listing provided courtesy of Chris Keramati of Triqor Group. Last updated 2024-05-04 08:11:21.000000. Listing information © 2024 CRMLS.
Address
930 Prospect St. La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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