$3,750,000
$3,988,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
4456 4458 Temple City BLD Temple City, CA 91780
0.58 Acres Lot
Key Details
Sold Price $3,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRAR23027280
Sold Date 04/10/23
Originating Board California Regional MLS
Year Built 1986
Lot Size 0.578 Acres
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 eac
Location
State CA
County Los Angeles
Area 661 - Temple City
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces
Garage Spaces 22.0
Pool Community Facility
Building
Lot Description Irregular, Grade - Level
Water District - Public
Others
Tax ID 8592001060
Special Listing Condition Not Applicable
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Bought with David Stewart • EverElite Realty Inc.