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5916 Rosemead Boulevard, Temple City, California 91780, Temple City, 91780 - 6 bed, 5 bath

5916 Rosemead Boulevard, Temple City, California 91780 home-pic-0
ACTIVE$1,180,000
5916 Rosemead Boulevard, Temple City, California 91780
6Beds
5Baths
2,075Sqft
8,396Lot
Year Built
1940
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
WS25068468
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.18M(49th), sqft - 2075(73th), beds - 6(94th), baths - 5(87th).

Discover an outstanding investment of opportunities located in the prime area of Temple City with the award Temple City school district. The lot consists of two R-4 zoned parcels ( 5384-016-016 & 5384-016-020) with the potential to develop multiple units. The spacious backside lot offers room for future expansion or additional amenities. Convenient location from supermarkets, shops, dining, and public transit, this property can generate high tenant demand and consistent cash flow. Whether looking for immediate rental income or long-term development potential, this prime property is a must-see for savvy investors.

Condition Rating
Tear down
Built in 1940, this property shows no evidence of major renovations in the past 50 years. The kitchen features extremely outdated cabinets, worn laminate countertops, and old white appliances. Bathrooms are similarly dated with old tile, vanities, and fixtures. Flooring throughout consists of old carpet and worn hard surfaces. The property's description and analysis explicitly highlight its 'Advanced Age' and 'potential to develop multiple units,' suggesting the value lies in the R-4 zoned land for redevelopment rather than the existing structure, which is likely beyond practical repair or modernization.
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 = 8396, living area = 2075.
Exceptional Development Potential: The property consists of two R-4 zoned parcels with the explicit potential to develop multiple units, offering significant upside for investors.
Prime Investment Location: Located in a highly desirable area of Temple City, providing convenient access to supermarkets, shops, dining, and public transit, which ensures high tenant demand.
Award-Winning School District: Situated within the acclaimed Temple City school district, a major draw for families and a factor that enhances property value and rental appeal.
Spacious Lot for Expansion: The generous backside lot offers ample room for future expansion, additional amenities, or further development, adding flexibility and long-term value.
High Income-Generating Potential: The combination of R-4 zoning, prime location, and strong school district makes this property ideal for generating consistent rental income and long-term appreciation.

Cons

Advanced Age of Existing Structure: Built in 1940, the current structure is likely to require significant renovation, modernization, or potential demolition, adding substantial costs to the investment.
Significant Price Discrepancy: The listing price of $1.18 million is considerably higher than the estimated property value of $759,254, suggesting potential overpricing or a need for strong justification.
Potential for High Redevelopment Costs: While offering development potential, the process of developing multiple units on R-4 zoned land can involve substantial costs, time, and navigating complex regulatory hurdles.

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