7639 Hellman Avenue, Rosemead, California 91770, Rosemead, 91770 - bed, bath
ACTIVE$1,745,000
7639 Hellman Avenue, Rosemead, California 91770
0Bed
0Bath
4,054Sqft
10,015Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: All units are tenant-occupied, providing immediate and consistent rental income for an investor from day one.
Top Cons:
Restricted Access for Showings: The 'drive-by only' showing policy, with offers subject to interior inspection, creates significant uncertainty and potential hurdles for buyers to fully evaluate the property's condition prior to making an offer.
Compared to the nearby listings
Price:$1.75M vs avg $1.29M (+$455,000)94%
Size:4,054 sqft vs avg 2,141.5 sqft94%
Price/sqft:$430 vs avg $5566%
More Insights
Built in 1967 (58 years old).
Condition: The property was built in 1967, making it 57 years old. The exterior images show an aged but seemingly maintained quadruplex with stucco finishes and older-style windows, including some window AC units, indicating outdated cooling systems. There are no interior images available, and the listing explicitly states 'Showings are drive-by only; offers subject to interior inspection,' which strongly suggests that the interior, including kitchens and bathrooms, is likely outdated and would require significant updates or renovations to meet current standards. While the property is tenant-occupied and appears functional from the exterior, its age and the lack of interior access point to a condition that is aged but maintained, requiring minor to moderate updates rather than being move-in ready with modern features.
Year Built
1967
Close
-
List price
$1.75M
Original List price
$1.77M
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
OC25216502
Home ConditionFair
Features
Good View:
View-
About this home
7639 Hellman Ave is a 4,054 sq ft quadruplex on a 10,015 sq ft lot, featuring three 2-bed/1-bath units and one 3-bed/2-bath unit. All units are tenant-occupied, providing immediate rental income. Conveniently located near shopping, dining, and transportation. Showings are drive-by only; offers subject to interior inspection.
Condition Rating
Fair
The property was built in 1967, making it 57 years old. The exterior images show an aged but seemingly maintained quadruplex with stucco finishes and older-style windows, including some window AC units, indicating outdated cooling systems. There are no interior images available, and the listing explicitly states 'Showings are drive-by only; offers subject to interior inspection,' which strongly suggests that the interior, including kitchens and bathrooms, is likely outdated and would require significant updates or renovations to meet current standards. While the property is tenant-occupied and appears functional from the exterior, its age and the lack of interior access point to a condition that is aged but maintained, requiring minor to moderate updates rather than being move-in ready with modern features.
Pros & Cons
Pros
Immediate Rental Income: All units are tenant-occupied, providing immediate and consistent rental income for an investor from day one.
Multi-Unit Investment: As a quadruplex, the property offers diversified income streams and potential for higher overall returns compared to single-family residential properties.
Generous Lot Size: The substantial 10,015 sq ft lot provides ample space, potentially allowing for future expansion, additional amenities, or enhanced outdoor living areas.
Strategic Location: Conveniently located near shopping, dining, and transportation, which enhances tenant desirability and contributes to long-term value appreciation.
Diverse Unit Mix: The property features a mix of three 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit, appealing to a broader range of potential tenants.
Cons
Restricted Access for Showings: The 'drive-by only' showing policy, with offers subject to interior inspection, creates significant uncertainty and potential hurdles for buyers to fully evaluate the property's condition prior to making an offer.
Property Age: Built in 1967, the property is over 50 years old, suggesting potential for aging infrastructure, systems, and deferred maintenance that may require significant capital expenditures in the near future.
Recent Price Reduction: A recent price drop from $1.775M to $1.745M could indicate initial overpricing or challenges in attracting buyers at the original asking price, potentially signaling market resistance.