11008 Freer Street, Temple City, California 91780, Temple City, 91780 - bed, bath
ACTIVE$1,400,000
11008 Freer Street, Temple City, California 91780
0Bed
0Bath
2,236Sqft
15,452Lot
Year Built
1930
Close
-
List price
$1.4M
Original List price
$1.05M
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
RS25129175
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.40M(50th), sqft - 2236(40th), beds - undefined(50th), baths - undefined(50th).
This is the developers' delight Triple-plus properties are fully leased out. Very long driveway and there are 5 parking spaces at the back. 2 Car garage with 3 covered parking spaces. The lot is over 15,450 SF. The property is in a great location in Temple City. Close the Santa Anita Horse Racing Park. Restaurants, shopping centers and schools. *The main house(11008) has 3 bedrooms &1 bathrooms. *Guest house(11008 #B) has 1 bedroom & 1 bathroom. *Back unit(11010) has 2 bedrooms and 1 bathroom. Great potential for development in Temple City. Sale AS IS. DRIVE BY ONLY
Condition Rating
Poor
Built in 1930, this property is explicitly marketed 'AS IS' and 'DRIVE BY ONLY,' strongly indicating significant deferred maintenance and potential major system issues. The kitchen features very dated wood cabinets, tile countertops, older appliances, and fluorescent lighting, requiring a full renovation. While some flooring appears newer, the overall condition, age, and sale terms suggest substantial repairs and rehabilitation are needed across all units, aligning with a 'Poor' rating. The property's value is clearly positioned for redevelopment rather than the existing structures.
Pros & Cons
Pros
Strong Income Potential: As a fully leased triplex, the property offers immediate and stable rental income, making it highly attractive to investors seeking cash flow.
Significant Development Opportunity: With a substantial lot size of over 15,450 SF and explicitly marketed as a 'developers' delight' with 'Great potential for development,' it offers considerable future value and expansion possibilities.
Ample Parking Facilities: The property boasts extensive parking, including a long driveway, 5 rear parking spaces, a 2-car garage, and 3 covered spaces, which is a significant advantage for a multi-unit property.
Desirable Temple City Location: Situated in a 'great location' in Temple City, close to Santa Anita Horse Racing Park, restaurants, shopping centers, and schools, enhancing its appeal to tenants and future buyers.
Multi-Unit Configuration: Comprising a main house (3B/1B), guest house (1B/1B), and back unit (2B/1B), it provides diverse rental options and maximizes income potential from a single property.
Cons
As-Is Sale Condition: The property is explicitly sold 'AS IS,' indicating that the buyer will be responsible for all repairs, renovations, and potential unforeseen issues, which could entail significant additional costs.
Restricted Access for Due Diligence: The 'DRIVE BY ONLY' instruction severely limits a buyer's ability to conduct thorough interior inspections and due diligence, potentially deterring serious offers or leading to conservative valuations.
Advanced Age of Construction: Built in 1930, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), structural issues, and higher ongoing maintenance requirements.