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218 W Hellman

Monterey Park, CA 91754
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Bed 3

Bed

Bath 2

Bath

SqFt19,741

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,195,000

AD Id : 91615719

MLS Id : SB26214190

Beds : 3

Lot Size : 19,741 Sq. Ft

Year Built : 1965

Garage : 18

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir

  • Building Information

    Year Built: 1965
    Building Area Total: 10622
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 19741 Lot Size Acres: 0.4532 Lot Size Source: Assessor Lot Size Square Feet: 19,741 Lot Description: SixToTenUnitsAcre

  • Listing Price Information

    Listing Price: $3195000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 5255002030 Tax Lot: 168

  • Parking Information

    Parking Total: 18

    Garage Information

    Has Garage: Yes Garage Space: 18

  • Location Information

    Direction: Cross Street N. Garfield WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1982 S Garfield, Monterey Park, CA, 91754 $1,680,000 9 8 -- 10,341 Sq. Ft
2012 S Garfield Avenue, Monterey Park, CA, 91754 $1,738,000 9 8 -- 10,377 Sq. Ft
2305 Schoolside, Monterey Park, CA, 91754 $998,000 4 2 1,768 7,861 Sq. Ft
2354 Schoolside, Monterey Park, CA, 91754 $1,160,000 4 3 -- 6,205 Sq. Ft
2442 Sherbrook, Monterey Park, CA, 91754 $1,250,000 6 4 -- 8,579 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/02/2026 @ 09:24

MLS: SB26214190 LISTED BY: David Holstein, The Holstein Group 310-345-9994 SOURCE: CRMLS

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