Temple City, CA 91780,5109 Tyler AVE
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Temple City, CA 91780,5109 Tyler AVE
Temple City, CA 91780,5109 Tyler AVE
Temple City, CA 91780,5109 Tyler AVE
Temple City, CA 91780,5109 Tyler AVE

$3,300,000

Est. payment /mo

$3,200,000

3.1%
Est.Price: ?

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5109 Tyler AVE Temple City, CA 91780

0.34 Acres Lot

SOLD DATE : 03/17/2025

Key Details

Sold Price $3,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25025233

Sold Date 03/17/25

HOA Y/N No

Year Built 1947

Lot Size 0.342 Acres

Property Sub-Type Apartment

Property Description

We are proud to present 5109 Tyler Avenue, a 12-unit multifamily asset located in Temple City, CA offered for sale for the first time in over 37 years – a prime San Gabriel Valley location.
5109 Tyler Avenue in the city of Temple City is bordered by other affluent neighborhoods like Arcadia, San Marino, Alhambra, and Monrovia. The property is located just west of the 605-fwy and centered between interstates 10 and 210 in the unincorporated area of Los Angeles County. Locally, the property is near several big box retailers like Albertsons, Sam's Club, Vons, Dollar Tree, Home Depot, Chuze Fitness and more. Tenants enjoy convenient access to nearby restaurants like In-N-Out, Subway, Cabrera's Mexican Restaurant, Starbucks and many other amenities found along Live Oak Ave. The property is also within a short 10-minute drive to Santa Anita Mall and a heavy retail corridor on Rosemead Blvd. Several schools and parks are also just blocks away from the property.
5109 Tyler Avenue offers over ±8,300 SF of rentable building area and sits on a ±15,000 SF lot. The property offers an exceptional unit mix with 4, 1-Bedroom/1-Bathroom, 7, 2-Bedroom/1-Bathroom, and 1 – 2-Bedroom/2- Bathroom units, averaging 700 SF. Currently the units average a monthly rent of ±$1,505 contributing to an annual rental income of ±$216,684. Similar apartments in the immediate surrounding neighborhood average over $2,000 per month, allowing a savvy investor the opportunity to capture ±40% upside in rental income. The in-place income offers a 4.33% CAP Rate and 14.68 GRM at the offered price.
The opportunity to purchase 5109 Tyler Avenue presents an excellent opportunity for both the first-time multifamily investor and seasoned investor looking to satisfy their 1031 exchange.

Location

State CA

County Los Angeles

Area 661 - Temple City

Zoning LCC3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 10

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8574014003

Energy Description 1960.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717
Bought with XI SUN • Pinnacle Real Estate Group
agent

Kerob Nargizyan

Realtor | License ID: 02023205

+1(818) 859-2562

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