109 E Hammel St - Multi-Family FOR SALE


Monterey Park, CA 91755
$1,975,000 USD
109 E Hammel St, Monterey Park, CA for Sale
$1,975,000 USD
Multi-Family - FOR SALE
1/43
null | 3.16% Cap Rate

109 E Hammel St
Monterey Park, CA 91755


HIGHLIGHTS

  • First time on the market in 62 years!
  • Individually Metered for Electricity and Gas!
  • Individual Laundry Room!

OVERVIEW

First time on the market in 62 years! Rare opportunity to acquire an 8-unit multifamily property located in the highly desirable city of Monterey Park, California. Available for the first time since 1963, the property features consistent tenant demand and long-term ownership pride. The building consists of one (2-bedroom / 2-bath) unit and seven (1-bedroom / 1-bath) units. The property has been meticulously maintained and offers a reliable income stream with significant long-term upside potential. All units and separately metered for electricity and gas. Individual laundry room for added convenience. Easy access to 60 FWY, 0.6 miles to Elder Park, 0.6 miles to Topgolf Montebello, 1.9 miles to Costco Wholesale.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$246,875

CAP RATE

3.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,137 SF

ZONING

-

APN/PARCEL ID

5274-020-014

ASK ABOUT THIS PROPERTY

Donald LaDonald La RealtyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Donald LaDonald La RealtyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.