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$2,200,000
Est. payment /mo
6 Beds
4 Baths
7,402 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26122891
Bedrooms 6
Lot Size 7,402 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional investment opportunity in the highly sought-after City of Temple City. This 6-unit multifamily property is located within the award-winning Temple City Unified School District and is surrounded by newer townhomes and condominiums, offering strong demographics and excellent long-term investment potential. The property features a desirable unit mix of two spacious 2-bedroom/1-bath units and four 1-bedroom/1-bath units, totaling approximately 4,808 rentable square feet on a 7,416-square-foot lot. Each unit is separately metered for gas and electricity, providing efficient property management and lower operating costs. Approximately 67% of the property is currently occupied, with all tenants on month-to-month leases, providing exceptional flexibility for a new owner. In addition, two unitsone 2-bedroom/1-bath and one 1-bedroom/1-bathhave recently become vacant and are being intentionally held off the rental market to accommodate property showings. This presents an outstanding opportunity for an owner-user to occupy one of the vacant units while generating rental income from the others, or for an investor to lease both vacant units at current market rents and immediately increase cash flow. With no local rent control and substantial rental upside, this asset offers an excellent opportunity to enhance both current income and long-term value. Residents enjoy on-site carport parking and a shared laundry facility, adding convenience and desirability for tenants. Ideally situated near shopping, dining, and major attractionsincluding Westfield Santa Anita, the Los Angeles
Location
State CA
County Los Angeles
Zoning Assessor
Direction E/TEmple City Blvd., N/Broadway
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8588008002
Acceptable Financing Cash
Listing Terms Cash
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Listed by Pauline Cheng, DRE#00993691 Re/Max Premier Properties
Nearby School & Business
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