$3,750,000
$3,988,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
0.58 Acres Lot
SOLD DATE : 04/10/2023
Key Details
Sold Price $3,750,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23027280
Sold Date 04/10/23
HOA Y/N No
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 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 661 - Temple City
Zoning TCR4*
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned
Garage Spaces 16.0
Garage Description 16.0
Pool Community
Community Features Suburban, Valley, Pool
Total Parking Spaces 22
Private Pool No
Building
Lot Description Irregular Lot, Level, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8592001060
Acceptable Financing Cash, Cash to New Loan, Owner Will Carry
Listing Terms Cash, Cash to New Loan, Owner Will Carry
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with David Stewart • EverElite Realty Inc.