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5940 Temple City Boulevard, Temple City, California 91780, Temple City, 91780 - bed, bath

5940 Temple City Boulevard, Temple City, California 91780 home-pic-0
ACTIVE$1,798,800
5940 Temple City Boulevard, Temple City, California 91780
0Bed
0Bath
2,798Sqft
8,485Lot
Year Built
1941
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
TR25043780
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

Rare Mixed-Use Property in Prime Temple City Location! Don’t miss this exceptional investment opportunity located in the highly sought-after Temple City Las Tunas Corridor. Perfectly positioned among thriving new businesses with excellent visibility, this property offers unbeatable exposure and is directly across from the city's new park with ample city parking. This unique mixed-use property includes: 1 Commercial Retail Unit: Ideally situated at the front, maximizing visibility and foot traffic. 3 Detached Charming Cottages: Each featuring 1 bedroom and 1 bath, providing cozy, private living spaces. Convenient Amenities: A shared laundry room and dedicated 3-car parking area accessible from the rear alley, ensuring added convenience for tenants. This property’s prime location and versatile setup make it a rare find with significant investment potential.

Price History

Date
Event
Price
02/27/25
Listing
$1,798,800
Condition Rating
Poor
Built in 1941, this property's residential units show significant age. The kitchens feature very dated appliances (white, older models), worn countertops (laminate or basic granite), and old-style cabinets. Flooring is a mix of worn wood laminate and basic tile. Light fixtures are simple and outdated. While the exteriors appear maintained, the interiors, particularly the kitchens, require substantial rehabilitation and modernization to meet current living standards. The overall condition suggests components are well past their expected lifespan and would require significant investment beyond minor updates.
Pros & Cons

Pros

Mixed-Use Versatility: The property's mixed-use designation, featuring both a commercial retail unit and three residential cottages, offers diverse income streams and broad appeal to investors seeking a versatile asset.
Prime Location & Visibility: Situated in the highly sought-after Temple City Las Tunas Corridor, the property benefits from excellent visibility, high foot traffic, and proximity to thriving new businesses, maximizing commercial exposure.
Strong Investment Potential: Explicitly highlighted as an 'exceptional investment opportunity' with 'significant investment potential,' this property is positioned for long-term value appreciation and robust rental income.
Multiple Income Streams: With one commercial unit and three detached residential cottages, the property provides four distinct rental opportunities, diversifying revenue and mitigating vacancy risk.
Convenient Amenities & Parking: Directly across from a new city park with ample public parking, and featuring a dedicated 3-car parking area via rear alley access, the property offers significant convenience for both tenants and customers.

Cons

Age of Property: Built in 1941, the property is quite old, which may imply the need for significant capital expenditures for system updates, deferred maintenance, or modernization to meet current market expectations.
Limited Residential Unit Size: The residential component consists solely of three 1-bedroom, 1-bath cottages, which may limit the tenant pool and potential rental income compared to properties offering larger residential units.
Potential for Renovation Costs: Given its age and the description of 'charming cottages,' there's a high likelihood that the residential and commercial units may require substantial renovation or upgrades to maximize rental value and attract premium tenants.

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