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54 photos
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Listed by Adam Bray-Ali • Coldwell Banker Realty
$1,200,000
Est. payment /mo
3,538 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,538 sqft
Price per Sqft $339
MLS Listing ID CRP1-21746
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1979
Lot Size 9,607 Sqft
Property Sub-Type Quadruplex
Property Description
4 unit property built in 1978 located in Temple City near Lower Azusa Road with tremendous upside potential.Property size is 9,607 square feet with a two story building that contains 4 spacious apartments built over 6 individual garages in 3,538 square feet. A detached two-car garage is located at the rear of the property. Zoning is Temple City Multi-Use Low, MU-L District allowing for creative redevelopment and retail or service business use. The owners carefully updated and maintained the building over 2 decades and there are three occupied apartments with one vacant apartment unit that is 1 bedroom and 1 bath in size. The unit mix is 2, 2 bedroom apartments and 2, 1 bedroom apartments. See photos for detailed floor plan information from original plans. With no local rent controls, Temple City offers a stable and excellent investment location with high quality services and amenities. Current rents are well below market rate offering a new owner the ability to increase rents and rate of return. Attractive financing is available for owner-occupant buyers with one vacant unit available for immediate move in. Available to show at scheduled open houses and please do not disturb tenants or walk around property without an appointment.
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile, Vinyl, Carpet
Fireplace No
Laundry Common Area, Community Facility, Dryer, Gas Dryer Hookup, Laundry Room, Washer, Other
Exterior
View None
Building
Lot Description Other
Water Private, Public
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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