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$1,480,000
Est. payment /mo
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25143563
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional Investment & Development Opportunity in Prime Temple City Location & School. Strategically located within walking distance to Camellia Square, popular restaurants, fitness centers, grocery stores, bus stops, TJ Maxx, bakeries, cafs, and personal care services, this income-generating property offers both immediate cash flow and long-term development potential. The offering includes two contiguous parcels (APNs: 5384-016-020 & 5384-016-016), both zoned R-4, presenting a rare opportunity for medium-density residential redevelopment in one of Temple City's most desirable neighborhoods. When combined, the properties provide the potential to develop up to six multi-family units or subdivide into six individual lots, subject to verification and approval by the City of Temple City Planning Division. The existing improvements include multiple rental units and a permitted guest house, offering stable income while entitlement and planning processes are underway. Whether you are a developer, investor, or builder, this is an ideal acquisition for those seeking to capitalize on high-demand housing and a well-connected urban setting. Key Highlights: Two legal parcels with R-4 zoning Strong existing rental income Development potential for 6-unit multifamily or 6 subdivided lots (subject to city approval) Excellent walkability and access to amenities High-growth area with strong buyer and tenant demand This is a rare opportunity to secure a high-value land position with strong upside potential in a premier San Gabriel Valley location.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Rosemad Blvd.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Tax ID 5384016016
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Listed by Aldon Chiwa Lai High Ten Partners, Inc.