Apartment Building with Garage
New
For Sale
$3,195,000
218 W Hellman, Monterey Park, CA 91754
A gated multifamily property with a predominantly two-bedroom unit mix, shared laundry, and landscaped outdoor areas.
Property Size10,622 SF
Lot Size0.46 Acres
Days on Market4
Property Features for 218 W Hellman
General Information
Standard status
Active
Size
10,622 SF
Lot size
0.46 Acres
Property subtype
Apartment
Amenities
beautifully landscaped common area
BBQ and outdoor seating area
mature gardens
common-area laundry facilities
gated entrance
private balconies or patios
Building Details
Building Size
10,622 SF
Year Built
1965
Listing Agency:
The Holstein Group
Listed By:
David Holstein · License #01210777
(310) 345-9994
Source:
Archetyperealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 3 at 2:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Holstein Group
Investment Insights
Based on property information with market context.
Built in 1965, this Monterey Park apartment property has an approximately 20,000-square-foot lot and a unit mix of about 80% two-bedroom apartments and 20% one-bedroom apartments. Most units include a private balcony or patio. Enclosed garage parking is provided, with tenants assigned a single or dual garage. Gas and electricity are separately metered, and the property has a gated entrance and common-area laundry.
Shared outdoor features include landscaped gardens, a BBQ area, and seating. The property is located at 218 W Hellman in Monterey Park. The stated lot and unit measurements, bedroom and bathroom counts, and other property details should be independently verified.
Shared outdoor features include landscaped gardens, a BBQ area, and seating. The property is located at 218 W Hellman in Monterey Park. The stated lot and unit measurements, bedroom and bathroom counts, and other property details should be independently verified.
Key Highlights
- Approximately 20,000‑square‑foot lot
- Unit mix is approximately 80% two‑bedroom and 20% one‑bedroom apartments
- Most apartments have a private balcony or patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,418,320
$3.4M
Cap Rate 7%
$2,441,657
$2.4M
Cap Rate 9%
$1,899,067
$1.9M
Market Conditions
NOI Build-Up for 10,622 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$337.8K $31.80/SF
− Vacancy
−$27.0K −$2.54/SF
EGI
$310.8K $29.26/SF
− OpEx
−$139.8K −$13.17/SF
NOI
$170.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,418,320
Cap Rate 7%
$2,441,657
Cap Rate 9%
$1,899,067
Alternative Uses
Best Use
Apartment 5plus
$2.44M
$2.14M – $2.85M
NOI $170,916 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.63M
NOI $398,088 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A gated multifamily property with a predominantly two-bedroom unit mix, shared laundry, and landscaped outdoor areas.
Where is this apartment building located?
The property is located at 218 W Hellman Monterey Park, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Approximately 20,000‑square‑foot lot; Unit mix is approximately 80% two‑bedroom and 20% one‑bedroom apartments; Most apartments have a private balcony or patio
