47
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$1,200,000
Est. payment /mo
6 Beds
4 Baths
9,607 Sqft Lot
Contingent
4533 Ellis Lane Temple City, CA 91780
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID P1-21746
Bedrooms 6
HOA Y/N No
Lot Size 9,607 Sqft
Lot Dimensions 60*168
Property Sub-Type Res Income 2-4 Units
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.
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.
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
Area Temple City (91780)
Zoning Public Rec
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco, Wood
Parking Features Unit1:Assigned
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, FHA, VA
Space Rent $1,250
Listing Terms Cash, Conventional, FHA, VA
Listed by Adam Bray-Ali • Coldwell Banker Realty
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