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Listed by YIN ZHEN LI • KW Executive
$ 1,200,000
Est. payment | /mo
1,878 SqFt
$ 1,200,000
Est. payment | /mo
1,878 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,878 sqft
Price per Sqft $638
MLS Listing ID CRWS25158696
HOA Y/N No
Year Built 1957
Lot Size 0.311 Acres
Property Sub-Type Duplex
Source Datashare California Regional
Property Description
Located in the heart of Temple City, 5220 Myrtus Avenue presents a rare opportunity for investors and developers seeking a property with both strong income potential and long-term upside. Situated on an expansive 13,542 square foot lot, this duplex features two detached homes; a 3-bedroom, 1-bath front house offering approximately 1,078 square feet, and a 2-bedroom, 1-bath rear unit with roughly 800 square feet of living space. With pro forma rents estimated at $3,200 for the front unit and $2,500 for the rear, the projected monthly income totals $5,700, delivering a potential cap rate of approximately 4.6%. Whether you're looking for a stable, income-producing asset or a future development site, this property checks all the boxes. The lot offers exceptional width and depth, providing flexibility for developers to explore options such as expansion, new construction, or adding additional units (buyer to verify with the city). This property is located within a highly desirable residential neighborhood, sits on a quiet street lined with single-family homes, just blocks from schools. Its location offers unmatched convenience with easy access to the 10, 605, and 210 freeways, making commutes to Downtown LA, Pasadena, and the greater San Gabriel Valley seamless. Residents enjoy close p
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Lot Description Other, Back Yard, Front Yard
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227