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We are proud to present an exceptional opportunity to acquire 50 units located at 1003 E Hellman Avenue, in the city of Monterey Park. It may be purchased together or separately with the contiguous parcels located at 1013 and 1025 E. Hellman Avenue (18 units). 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 1.6-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 1962 the property is well-maintained situated on ±69,497 square feet of land and a total building size of ±36,038 square feet. The properties consist of a unit mix of one-bed/one-bathroom and two-bed/one-bathroom units averaging 722 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(s):
Residential Income
| Last Updated | 3/26/2025 | Year Built | 1962 |
|---|---|---|---|
| Community | Monterey Park | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Monterey Park |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 1.6 acre(s) |
| LOT DESCRIPTION | Lot Over 40000 Sqft |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | MPR3* |
Location
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Listed with CB RICHARD ELLIS
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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