4533 Ellis LN new Save Request In-Person Tour Request Virtual Tour
Temple City,CA 91780
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-21746
Year Built 1979
Lot Size 9,604 Sqft
Property Sub-Type Quadruplex
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
Area 661 - Temple City
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Laminate,Tile,Vinyl
Fireplaces Type None
Inclusions All laundry machines, any owner owned appliances in the apartments.
Laundry Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Laundry Room
Exterior
Parking Features Assigned,Door-Multi,Door-Single,Driveway,Garage,On Site,Paved,Garage Faces Side
Garage Spaces 8.0
Garage Description 8.0
Fence Brick,Wood
Pool None
Community Features Curbs,Storm Drain(s),Suburban,Sidewalks
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Asphalt
Building
Lot Description 2-5 Units/Acre,Near Public Transit
Story 2
Foundation Slab
Sewer Sewer Tap Paid
Water Public,Private
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,FHA,VA Loan
Listing Terms Cash,Cash to New Loan,Conventional,FHA,VA Loan
Special Listing Condition Standard,Trust