Temple City, CA91780
| 1878 sqft | MLS# WS25158696
Tract:
For Sale $1,200,000
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.
Facts
| Built in 1957 | Lot Size: 13542.00 sqft | HOA Dues: $0/month
Features
Listing provided by YIN ZHEN LI, KW Executive
Based on information from California Regional Multiple Listing Service, Inc. as of July 21, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
