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$1,200,000

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0.31 Acres Lot

Open Sat 1PM-4PM

5220 Myrtus AVE Temple City, CA 91780

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Danny Cassese

[email protected] +1(661) 373-4560

OPEN HOUSE

Sat Jul 26, 1:00pm - 4:00pm

Sun Jul 27, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25158696

HOA Y/N No

Year Built 1957

Lot Size 0.311 Acres

Property Sub-Type Duplex

Property Description

Located in the heart of Temple City, 5220 Myrtus Avenue presents a rare opportunity for investors and developers seeking a property with both strong income potential and long-term upside. Situated on an expansive 13,542 square foot lot, this duplex features two detached homes; a 3-bedroom, 1-bath front house offering approximately 1,078 square feet, and a 2-bedroom, 1-bath rear unit with roughly 800 square feet of living space. With pro forma rents estimated at $3,200 for the front unit and $2,500 for the rear, the projected monthly income totals $5,700, delivering a potential cap rate of approximately 4.6%. Whether you're looking for a stable, income-producing asset or a future development site, this property checks all the boxes. The lot offers exceptional width and depth, providing flexibility for developers to explore options such as expansion, new construction, or adding additional units (buyer to verify with the city). This property is located within a highly desirable residential neighborhood, sits on a quiet street lined with single-family homes, just blocks from schools. Its location offers unmatched convenience with easy access to the 10, 605, and 210 freeways, making commutes to Downtown LA, Pasadena, and the greater San Gabriel Valley seamless. Residents enjoy close proximity to daily amenities, including Sam's Club, 99 Ranch Market, Santa Anita Mall, The Arboretum, local parks, and a wide range of restaurants and shops that make Temple City such a desirable place to live and invest. With strong tenant demand in this pocket of Los Angeles County, this is an ideal opportunity for those looking to collect cash flow or unlock the property's development potential. Whether you're planning to hold or build, this property offers the foundation for your next great investment.

Location

State CA

County Los Angeles

Area 661 - Temple City

Zoning LCA105

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Front Yard, Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8574014042

Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, 1031 Exchange

Special Listing Condition Standard

Listed by YIN ZHEN LI KW Executive 626-375-0340

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Danny Cassese

Agent | License ID: 02132778

+1(661) 373-4560