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DESCRIPTION

McCulloch Temple City, an 18-unit value-add apartment investment opportunity located in the highly desirable city of Temple City. Temple City apartment market has always been known as no inventory market as there is always very limited numbers of multifamily community offered for sale. The property is located on a quiet residential street surrounded by single family houses. It is a garden style apartment community with beautiful center courtyard and situated on a large 26,517sqft lot (R3 zoning). The building has an excellent curb-appeal and neatly manicured landscaping and was built in 1958. The property has an attractive unit mix with 1 x 2bed+1bath, and 17 x 1bed+1bath. All the units are rented to long-time tenants and offers significant rental upside potential. Each unit has tiled flooring throughout with granite kitchen countertops, windows A/C, wall heating, and ceiling fans. Each unit has plenty of linen closets, floor to ceiling bedroom closet, and many of the bathrooms have been updated with beautiful porcelain/ceramic tile. Going out of the unit, tenant can enjoy the view of San Gabriel Mountains from the 2nd floor deck. The property is separately metered for electricity and gas, offer secured entrance and gated parking, and has a shared laundry room. Parking is provided by 34 parking spaces in the back.

KEY DETAILS
  • Price:
  • $4,550,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.61
  • Year Built:
  • 1958
  • MLS #:
  • AR20038598
  • Street Address:
  • 5544 McCulloch Ave
  • City:
  • Temple City
  • State:
  • CA
  • Postal Code:
  • 91780
  • County:
  • Los Angeles
  • Area:
  • Temple City
  • Listing Status:
  • For Sale - Active Under Contract

Building

  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 18
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Unit Total # Of Garages:
  • 14.00
  • View:
  • Mountain(s)
  • Year Built:
  • 1958
  • Year Built Source:
  • Assessor

Business

  • Annual Electric Expenses:
  • 1100.00
  • Annual Insurance Expenses:
  • 4075.00
  • Annual Maintenance Expenses:
  • 7200.00
  • Annual Trash Expenses:
  • 3917.00
  • Annual Water/Sewer Expenses:
  • 7208.00
  • Expenses:
  • 90447.00
  • Gross Income:
  • 287220.00
  • Net Operating Income:
  • 188156.00
  • Operating Expense:
  • 90447.00

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Tcr3*
  • Lot Features:
  • Lot 20000-39999 Sqft, Flag Lot, Rectangular Lot, Level, Near Public Transit
  • Lot Square Footage:
  • 26518.00

Listing

  • Community Features:
  • Suburban
  • Days On Market:
  • 131
  • Previous Listing Price:
  • 4900000.00

Money

  • Other Fees:
  • Buyer To Verify
  • Price Per Square Foot:
  • 446.65
  • Tenant Pays:
  • Electricity, Gas

Rooms

  • Laundry:
  • 1
  • Laundry Description:
  • Community

Structures

  • Garage Parking Spaces:
  • 2.00
  • Parking Description:
  • Carport, Detached Carport, Covered, Driveway, Concrete, Garage, Uncovered
  • Parking Spaces:
  • 34.00
  • Uncovered Parking Spaces:
  • 18.00

Systems

  • Cooling System:
  • Wall/Window Unit(s)
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Wall Furnace
  • Sewage Type:
  • Public Sewer

Source

  • Listing Provided By Handoko Chen of Gig Real Estate Inc. (: 01749321)

    CRMLS
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SCHOOL RATINGS

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NOTES

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