4940 Temple City Boulevard
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Nov 23, 2023 | In contract | - | |
| In contract | |||
| Oct 18, 2023 | Relisted | $1,090,000 | |
| Relisted | |||
| Oct 4, 2023 | In contract | - | |
| In contract | |||
| Sep 20, 2023 | Listed by RE/MAX Premier Properties | $990,000 | |
| Listed by RE/MAX Premier Properties | |||
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Welcome to this exquisite home located in the heart of Temple City. This charming residence sits on a HUGE RECTANGULAR LOT, stretching OVER a generous 9,200 square feet, offering endless possibilities for your dream oasis. As you approach, the grand curb appeal captures your attention with its open front lawn, long driveway, and inviting covered porch, creating a welcoming atmosphere.
Imagine the endless potential of the backyard, where you can create your own personal haven. With ample space, you can design a picturesque park-like setting, construct a sizable pool, or even add a pool house to compliment the pool. The vastness of the lot provides you with numerous options - you can expand the existing home, build an additional dwelling unit (ADU), or even develop a brand new luxury residence. Additionally, the detached garage can easily be converted into an ADU, opening up further possibilities for customization.
Convenience is truly at your fingertips in this highly desirable neighborhood. Just a short distance away, you'll find multiple shopping centers such as Camelia Square, Temple City Square, and The Shoppes at Santa Anita, offering a plethora of retail experiences. Indulge in exquisite fine dining options locally, explore nearby supermarkets like Ralph's, Great Wall Supermarket, 99 Ranch, & Hmart, and immerse yourself in the local entertainment scene. For outdoor enthusiasts, there are fantastic hiking trails to discover, outdoor recreational activities at Live Oak Park, and nearby golf courses to enjoy. Plus, this home is within close proximity to top-rated healthcare facilities, ensuring your well-being is well taken care of.
Families will be delighted to know that this home is situated within close proximity to prestigious Temple City Award-Winning Schools, providing an exceptional education for students. With easy access to the 10, 605, & 210 freeways, this home puts Downtown Los Angeles and the rest of Southern California within reach.
Currently, the property is occupied by wonderful tenants who are paying $5500/month, offering a fantastic investment opportunity. Whether you prefer to have the property delivered vacant or with the tenants, this gem is waiting for you to make it your own.
Don't let this opportunity slip away - schedule a tour today and unlock the potential of this remarkable property in Temple City. The manager has listed the unit size as 1602 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017