Temple City, CA 91780,4533 Ellis Lane
Temple City, CA 91780,4533 Ellis Lane
Temple City, CA 91780,4533 Ellis Lane
54
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Listed by Adam Bray-Ali • Coldwell Banker Realty
$1,200,000
Est. payment /mo
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3,538 SqFt
Active Under Contract

4533 Ellis Lane Temple City, CA 91780

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Frances Wang

Frances Wang

KW Advisors

+1(408) 332-2552

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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

Year Built 1979

Lot Size 9,607 Sqft

Property Sub-Type Quadruplex

Source Datashare California Regional

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


Bay East AOR and Contra Costa AOR

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agent

Frances Wang

Agent | CA BRE#: 02054925

+1(408) 332-2552

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4533 Ellis Lane