Explore this exceptional income property opportunity in Temple City, perfect for investors seeking substantial returns. This property features R-4 zoning across two parcels (5384-016-020 & 5384-016-016), totaling over 8,500 sq ft and offering the potential to build up to 6 unit!
Currently, the property generates excellent rental income with four units: a front unit divided into a 2-bedroom, 2-bathroom unit rented for $2,600 per month and a 1-bedroom, 1-bathroom unit rented for $2,600 per month. Additionally, there's a separate back house with a 1-bedroom, 1-bathroom unit rented for $1,700 per month, and a converted garage unit offering another 1-bedroom, 1-bathroom rented for $1,700 per month. The spacious backyard provides room for potential expansion or additional amenities. Located in the prestigious Temple City school district and walking distance to supermarkets, shops, restaurants, and public transportation, this property ensures high tenant demand and steady cash flow. With its lucrative income potential and development possibilities, this is an ideal opportunity for investors looking to capitalize on residential rental property in a prime Temple City location. Schedule your showing today to seize this lucrative investment opportunity!