Under Contract
Back to listing
Property Details
Address
109 E Hammel St, Monterey Park, CA 91755
Price
$1,975,000
# of Units
8
Status
Under Contract
Building Size
5,662 SF
Price/Unit
$349
CAP Rate
3.16%
Year Built
1959
GRM
18.11
Type
Apartment
Lot Size
10,137 SF
Price/SF
$246,875
Property Information
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.
