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5220 Santa Anita Avenue, Temple City, California 91780, Temple City, 91780 - bed, bath

5220 Santa Anita Avenue, Temple City, California 91780 home-pic-0
ACTIVE UNDER CONTRACT$1,150,888
5220 Santa Anita Avenue, Temple City, California 91780
0Bed
0Bath
2,015Sqft
8,073Lot
Year Built
1948
Close
-
List price
$1.15M
Original List price
$1.27M
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
WS24246999
Home ConditionFair
Features
Patio
ViewMountain(s), Neighborhood

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.15M(45th), sqft - 2015(66th), beds - undefined(1th), baths - undefined(1th).

Wow! 2 Houses on a Large 8,072 SF Lot ~ Amazing Income property in a wonderful and conveneint Temple City location ~ Rare Investment Opportunity with strong upside & potential. This Property offers a wide array of options and can appeal to any Homebuyer and/or Investor. Currently exists (2) single-story Homes: The FRONT House (approx 1,240 SQ.FT) features 3 Beds/ 2 Bath; REAR House (approx 775 SQ.FT) features 2 Beds/ 1 Bath. SFR Home and Rear guest house structures are deemed to be permitted as per Assessor / county records, however Buyer to independently verify all info and details. Plenty of Parking provided within the expanded Driveway plus additional spaces at rear concrete area. With a generous 8,072 SQ.FT Lot size, all-flat and rectangular, this attractive Property has nice potential to expand and/or remodel. Buyer shall conduct own due diligence with own professionals and is invited to explore all the wonderful potential and possibilities this Property can provide. Great as a Investment Property, or perhaps live in one unit and rent the other! Property is close to Sam's Club, Arcadia Golf course, Peck Rd Water Conservation park & Live Oak Park, and a wide array of tasty restaurants and retailers.

Condition Rating
Fair
Built in 1948, this property is significantly aged. While some cosmetic updates like fresh paint and newer laminate flooring are visible in certain areas, the kitchen and bathrooms are notably outdated. The kitchen features older-style dark wood cabinets and lacks modern appliances, while the bathroom has very dated small square tiles and basic fixtures. The presence of window AC units instead of central heating/cooling indicates an older, less efficient system. The property is functional and appears maintained, but requires substantial updates to key areas to meet current quality standards and buyer expectations. The listing description also hints at potential for expansion or remodeling, suggesting it's not a move-in ready modern home.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8073, living area = 2015.
Dual Dwelling Configuration: The property features two separate single-story homes (3B/2B front, 2B/1B rear) on one lot, offering exceptional flexibility for income generation, multi-generational living, or owner-occupancy with rental income.
Significant Lot Potential: A generous, all-flat, and rectangular 8,072 sq ft lot provides substantial opportunities for future expansion, extensive remodeling, or potential Accessory Dwelling Unit (ADU) development, maximizing property value.
Prime Temple City Location: Situated in a highly desirable and convenient Temple City area, offering easy access to essential amenities, recreational facilities (Arcadia Golf Course, parks), and a diverse selection of dining and retail options.
Verified Permitted Structures: Both the main SFR and the rear guest house are noted as permitted per Assessor/county records, providing a level of assurance regarding the legality of the existing dual-unit setup.
Ample Parking: The property benefits from an expanded driveway and additional concrete parking area at the rear, accommodating multiple vehicles which is crucial for a multi-unit property.

Cons

Substantial Overpricing Relative to Estimation: The current listing price of $1,150,888 is significantly higher than the property's estimated value of $786,617.03, indicating a potential overvaluation of approximately 31%.
Age and Potential for Deferred Maintenance: Built in 1948, the property is over 75 years old, likely requiring significant updates to systems, finishes, and overall condition to meet contemporary living standards, which could entail substantial additional investment.
Buyer Due Diligence Burden: The listing's emphasis on the buyer's responsibility to 'independently verify all info and details' and 'conduct own due diligence' implies potential complexities or unverified aspects, particularly regarding the permitted status of the rear unit, which could create uncertainty and risk for a buyer.

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