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Temple City,CA 91780
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25202976
Style Traditional
Year Built 1978
Lot Size 0.412 Acres
Source California Regional MLS
Property Description
Prime 10-unit Value-add in Temple City, First Time for Sale Since 2011, Newer Construction built in 1978, Clear Upside with 6.34% Proforma CAP Rate, Large C3 Zoned Lot, Garage parking prime for ADUs Conversions, Excellent Roof Condition + Plumbing upgraded. A very well maintained 2-story garden style apartment in the highly desirable area of Temple City, CA (unincorporated area). This newer built property (completed in 1978) has been in the same ownership since 2011. Temple City apartment market has always been known as a "high-barrier-to-entry" and "no inventory" market as there are very limited numbers of multifamily community offered for sale. The current rental income is low with an estimated ±32% below market! The properties are offered at a very attractive price per unit and offer a whopping 6.45% Proforma CAP Rate and 11.09x Proforma GRM, making this an attractive investment for a savvy buyer. The property has a large building size of 8,274SF and sits on a large 17,922SF corner lot. The lot has a high-density zoning (C3 - buyer to verify), offering future redevelopment possibilities and/or clear ADUs upside. The community is very well maintained with excellent curb appeal. It has three (3) large 2bed+1bath, and seven (7) spacious 1bed+1bath units. All the tenan
Location
State CA
County Los Angeles
Area 661 - Temple City
Rooms
Kitchen Dishwasher,Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area,Washer/Dryer - Owned,Community Facility
Exterior
Parking Features Assigned Spaces,Detached Garage
Garage Spaces 16.0
Pool 31,None
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Foundation Raised
Water District - Public
Architectural Style Traditional
Others
Tax ID 8573033006
Special Listing Condition Not Applicable