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109 E Hammel St 8 Unit Apartment Building $2,734,388 CAD ($341,798 CAD/Unit) 3.16% Cap Rate Monterey Park, CA 91755

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $2,734,388 CAD
Price Per Unit $341,798 CAD
Sale Type Investment
Cap Rate 3.16%
Gross Rent Multiplier 18.11
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 14,052 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1.59/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 1 - -
1+1 7 - -
Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5274-020-014
Land Assessment
$2,058,755 CAD
Improvements Assessment
$1,211,033 CAD
Total Assessment
$3,269,788 CAD
  • Listing ID: 37839835

  • Date on Market: 2025-09-26

  • Last Updated:

  • Address: 109 E Hammel St, Monterey Park, CA 91755

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