9409 Olive Street, Temple City, California 91780, Temple City, 91780 - 3 bed, 2 bath
ACTIVE$1,780,000
9409 Olive Street, Temple City, California 91780
3Beds
2Baths
1,726Sqft
18,886Lot
Year Built
1948
Close
-
List price
$1.78M
Original List price
$1.78M
Price/Sqft
$1,031
HOA
-
Days on market
-
Sold On
-
MLS number
WS25220473
Home ConditionTear down
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.78M(85th), sqft - 1726(55th), beds - 3(50th), baths - 2(50th).
Prime land opportunity in a highly sought-after Temple City neighborhood! This property is offered at land value only, making it an incredible chance for investors, developers, or builders to create something extraordinary. Huge lot with endless possibilities, Convenient location close to shopping, dining, and schools, Rare investment opportunity—perfect for future development.
Price History
Date
Event
Price
09/18/25
Listing
$1,780,000
Condition Rating
Tear down
The property was built in 1948, making it over 50 years old. The MLS description explicitly states it is 'offered at land value only' and is a 'rare investment opportunity—perfect for future development,' indicating the existing structure is not considered livable or valuable. The property analysis also notes the 'Existing Structure Requires Demolition/Major Renovation' and is 'likely a tear-down.' The exterior images show a neglected property with peeling paint and an outdated appearance, consistent with a structure that is beyond repair and whose value is solely in the land.
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 = 18886, living area = 1726.
Exceptional Development Potential: The property is explicitly marketed as a 'Prime land opportunity' for 'investors, developers, or builders,' offering 'endless possibilities' for future development.
Generous Lot Size: A substantial 18,886 sqft lot provides ample space for significant redevelopment or multiple units, maximizing investment return.
Highly Desirable Location: Situated in a 'highly sought-after Temple City neighborhood' with convenient access to shopping, dining, and schools, enhancing future property value.
Strong School District: Located within the reputable Temple City Unified School District, a significant draw for future residential buyers.
Clear Investment Focus: Positioned as a 'Rare investment opportunity,' attracting a specific demographic focused on long-term capital appreciation and development projects.
Cons
Existing Structure Requires Demolition/Major Renovation: The property is 'offered at land value only,' indicating the 1948-built house is likely a tear-down, incurring additional demolition costs and project timelines.
Significant Upfront Capital Outlay: Beyond the purchase price, buyers must budget for demolition, design, permitting, and construction, representing a substantial initial investment before any return.
List Price Exceeds Estimated Value: The current list price is 29% higher than the estimated property value, which may require strong justification based on specific development plans or could impact financing and perceived market value.