$3,750,000
$3,988,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
SOLD DATE : 04/10/2023
Key Details
Sold Price $3,750,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23027280
Sold Date 04/10/23
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
4456 Temple City Blvd, a pride-of-ownership 8-unit Townhouse Style condominiums in the heart of Temple City, California. The property offers a very convenient location nearby Downtown Temple City and within minutes to Valley Blvd corridor and Santa Anita Mall Arcadia. It has an excellent demographics with an average household income of $108,202 within a mile radius. The property has been with the same ownership since 1987. This offering is unique due to its location, seller financing possibility, and multiple future expansion potential (ADU units or add units and then add ADU units). Most of the tenants are month-to-month and the last rent increases were done in 2019 (2 tenants never had rent increases) which provides immediate upside for new owner to increase rents by a 10% maximum allowed per Statewide AB1482. The property was built in 1986 as condominiums with townhouse style layout. It is situated on a large 25,172 SF R4 zoned lot which provides multiple future expansions possibilities (BUYER TO VERIFY WITH THEIR OWN ARCHITECT AND CONTRACTOR). Because of its newer built, the property has many excellent features such as copper plumbing throughout, double pane windows, individual water meter for each unit, and central A/C and heating with individual water heater for each unit. The property offers a pride of ownership and an excellent curb appeal atmosphere. It is a gated community with secured parking and beautiful landscaping with mature trees. It offers a two-story Townhouse style apartment layout on a large lot. It has a total of 9,696 SF total building and situated on
Location
State CA
County Los Angeles
Zoning Assessor
Direction Temple City Blvd crossing Lower Azusa Rd
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with David Stewart EverElite Realty Inc.
