Thank you
Kristopher German
RE/MAX 2000 REALTY
626-956-0188
Unique trophy asset located in the heart of the San Gabriel Valley! This property has been meticulously maintained and upgraded, reflecting a high standard of care and investment. The current owners have spared no expense in its upkeep, resulting in a property that is in top-notch condition. The property comprises ten 2-bedroom/1-bathroom single-story cottages, with a total rental square footage of 9,680 SqFt and a total lot size of 53,448 SqFt offering privacy and space. Every unit has its own front and back yards, creating a comfortable and spacious environment. Its exclusive location on a private cul-de-sac provides an unrivaled level of privacy and seclusion for residents. The property is equipped with a range of modern amenities, including; garage parking, and central air conditioning & heating systems, enhancing the overall living experience. A notable aspect of this property is the extensive remodeling undertaken in eight out of ten units, which includes; modernized kitchens and bathrooms, a comprehensive plumbing overhaul with new copper plumbing, updated electrical systems and subpanels, new central A/C systems, replacement of the water mainline and individual lines to each cottage, stylish new garage doors, upgraded appliances, and refreshed landscaping that enhances the property's curb appeal. The utilities are separately metered for electricity and gas, and there's potential for separately metering water as well. Moreover, this property presents significant investment and development potential. Prospective investors might consider re-development of the lot given its size, subject to necessary verifications and approvals from city authorities. This opportunity makes it an ideal choice for investors seeking a lucrative venture in a prime location.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1950
Building Area Total: 9,680
None
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.227
Lot Size Source: Assessor
Lot Size Square Feet: 53448
Original List Price: 5,750,000
Listing Contract Date: 2024-04-03
Listing Agreement: Exclusive Right To Sell
Parcel Number: 8586009025
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: 661 - Temple City
Postal Code Plus 4: 2841
Directions: South of I-210, West of I-605; Near the Intersection of El Monte Ave & Lynrose St
Zoning: TCR17200*
Source Property Type: Residential Income
Area: 661 - Temple City
Property SubType: Apartment
Property Age: 74
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5827 Oak Avenue, Temple City, CA,91780 | $1,699,777 | 5 | 3 | 2,906 | 9178 Sqft |
4847 Fratus Drive, Temple City, CA,91780 | $828,000 | 3 | 1 | 1,149 | 6141 Sqft |
10606 Hallwood Drive, Temple City, CA,91780 | $1,164,888 | 3 | 2 | 1,553 | 5001 Sqft |
9918 Bogue Street, Temple City, CA,91780 | $1,398,000 | 4 | 2 | 1,815 | 6860 Sqft |
5582 Temple City Boulev.., Temple City, CA,91780 | $768,000 | 3 | 2 | 1,343 | 88125 Sqft |
6234 Temple City Boulev.., Temple City, CA,91780 | $1,690,000 | 4 | 4 | 2,776 | 8115 Sqft |
6234 Temple City Boulev.., Temple City, CA,91780 | $1,690,000 | 5 | 4 | 2,776 | 8115 Sqft |
5211 Mcclintock Avenue, Temple City, CA,91780 | $1,680,000 | 4 | 3 | 2,396 | 12893 Sqft |
6346 Barela Avenue, Temple City, CA,91780 | $1,180,000 | 4 | 3 | 1,421 | 6206 Sqft |
5417 El Monte Avenue, Temple City, CA,91780 | $1,250,000 | 3 | 2 | 1,748 | 6781 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 23:47
MLS: CV24065651
LISTED BY: Kristopher German, RE/MAX 2000 REALTY
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.