218 W Hellman

Monterey Park, CA 91754

Trophy Multifamily Asset in the Heart of Monterey Park First time on the market in over 45 years! This exceptional multifamily investment opportunity is ideally located in the heart of Monterey Park and sits on an oversized approximately 20,000-square-foot lot. The property offers an attractive unit mix consisting of approximately 80% two-bedroom units and 20% one-bedroom units, providing strong appeal to a broad tenant base. Most units feature private balconies or patios and are SB 721 compliant. Tenant amenities include a beautifully landscaped common area with a BBQ and outdoor seating area, mature gardens, and common-area laundry facilities. Each tenant also benefits from either a single or dual enclosed garage, providing valuable off-street parking and additional storage. The property presents upside income potential through below-market rents and is exempt from the Los Angeles City RSO, with rents subject to applicable California statewide rent-control guidelines. Additional property features include: Separately metered gas and electricity Gated entrance Enclosed garage parking Mature landscaping and garden areas Stable tenancy Approximately 20,000 SF lot Attractive 80% two-bedroom / 20% one-bedroom unit mix With its long ownership history, desirable unit mix, substantial lot size, garage parking, and potential for rental upside, this is a rare opportunity to acquire a multifamily asset in a market where properties with more than five units trade infrequently. IMPORTANT NOTE: Buyer/agent to verify square footage (lot and units) and all MLS information. Broker and agent do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the conditions, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.