Temple City, CA 91780,4456 Temple City Boulevard
Temple City, CA 91780,4456 Temple City Boulevard
Temple City, CA 91780,4456 Temple City Boulevard
$3,750,000
Est. payment /mo
$3,988,000
6.0%
Est.Price: ?

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2 Beds
2 Baths
0.58 Acres Lot
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

HOA Y/N No

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 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
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 a 25,172 square feet lot. It offers superb unit mix of ALL Townhouse style 2bedroom+2bathroom units with direct access to a 2-car garage. Each unit has its own water meter, electric and gas meter, central A/C and heating, laundry hookups, vaulted ceiling in living room, and a private balcony. Each unit is large (1200 SF estimated size) with plenty of natural light. The living room area has multiple arched windows, and 2nd floor has small mezzanine area that can be used as seating area.

Location

State CA

County Los Angeles

Area Temple City (91780)

Zoning Assessor

Interior

Cooling Central Forced Air

Exterior

Garage Unit1:Assigned

Pool Community/Common

Building

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $1,661

Listing Terms Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Han Chen • Growth Investment Group Pasade
Bought with David Stewart • EverElite Realty Inc.
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+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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