6036 Temple City Boulevard, Temple City, CA 91780
Local realty services provided by:ERA North Orange County Real Estate
6036 Temple City Boulevard,Temple City, CA 91780
$2,200,000
- - Beds
- - Baths
- 3,552 sq. ft.
- Multi-family
- Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26008361
Source:CRMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$619.37
About this home
ALL UNITS are due for RENT INCREASES. Prime 6-unit Value-add near downtown Temple City, Class A Location, NO Local Rent Control, Temple City School District, Owner for 20 years, Large R4 Zone Lot (Clear ADUs Upside), Electrical panels upgraded. 6036-6038 Temple City Blvd, a 6-unit prime value-add apartment investment opportunity located in the highly desirable city of Temple City and within the Temple City School District. Temple City apartment market has always been known as a “high-barrier-to-entry” and “no inventory” market as there is always very limited numbers of multifamily community offered for sale. The properties are located a block from Temple City Downtown area and walking distance/minutes away from Temple City’s High school, elementary, and middle schools. Long time owner for 20 years, the property has been meticulously maintained with many upgrades! It is located next to and across from several newer SFR/Townhomes/PUD development.
There is no local rent control in Temple City, thus providing maximum allowable rent increase (5% + CPI – maximum 10%). The current income is low with an estimated ±33% below market! The properties are offered at an attractive price per unit and offer a high 5.62% Proforma CAP Rate and 13x Proforma GRM, making this an attractive investment for a savvy buyer.
The property consists of two buildings, a front single-story 4-unit and a 2-story duplex in the back (garage underneath). It has a total of 3,552 sf living space and is situated on a large 9,113 sqft lot R4 (high density) zone. It has an excellent curb-appeal and neatly manicured landscaping. The property has good unit mix with one (1) x 2bed+1bath, four (4) x 1bed+1bath, and one (1) x Studio. The property has had some upgrades like upgraded electrical panels and subpanels, newer mini split HVAC system in each unit (in addition to windows AC), updated kitchen, 3 units have laundry hookups (tenant own laundry machines). Each unit has dishwasher, individual water heater and separately metered for electricity and gas (buyer to verify). Most of the tenants are on month-to-month agreements which provide clear value-add opportunities for rent increases (buyer to verify!).
Parking is provided by a total of 6 spaces in the back (4 garage and 2 open spaces). There is an extra room with laundry hookups that can be converted into laundry room to bring additional income....
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Home facts
- Year built:1947
- Listing ID #:AR26008361
- Added:109 day(s) ago
- Updated:May 03, 2026 at 10:43 AM
Rooms and interior
- Flooring:Tile, Vinyl, Wood
- Kitchen Description:Gas Range
- Living area:3,552 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Shingle
- Year built:1947
- Building area:3,552 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Landscaped, Lawn, Level with Street, Near Public Transit, Rectangular Lot, Street Level
- Foundation Description:Raised
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$619.37
- Tax amount:$24,589
Features and amenities
- Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Granite Counters
Parking
- Total parking spaces:6
- Parking description:Assigned, Concrete, Covered, Driveway, Garage
- Garage:Yes
- Garage spaces:4
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