5030 Farago AVE, Temple City, CA 91780
5030 Farago AVE, Temple City, CA 91780
5030 Farago AVE, Temple City, CA 91780
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,875,000
Est. payment /mo
10 Beds
6 Baths
4,640 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,640 sqft

Price per Sqft $404

MLS Listing ID 26837491

Bedrooms 10

HOA Y/N No

Year Built 1954

Lot Size 0.362 Acres

Property Description

We are excited to offer 5030 Farago Avenue, a four-unit multifamily investment located in Temple City, within proximity to El Monte and North El Monte. Built in 1954, the property features one 3-bedroom/1-bathroom front unit, followed by a 3-bedroom/2.5-bathroom unit that includes a bonus room/office, and rounded out with two 2-bedroom/2-bathroom units at the rear of the property. Sitting on a massive 15,762 square foot lot, the 3,963 square foot building is subject to the California Tenant Protection Act (AB 1482), allowing for rent increases of 5% plus CPI annually. Two of the units are substantially below market rates, allowing investors the opportunity to capture upside. The remodeled 3-bedroom/2.5-bathroom unit is roughly 1,600 square feet and will be delivered vacant, allowing for potential owner-user opportunities or the ability to lease the unit at market rate It has washer/dryer hook-ups inside the unit and includes a side and back yard. Each apartment is equipped with individual water heaters while one unit has central HVAC. All units have private yards, but only three have artificial grass installed. Utilities are conveniently separately metered for gas and electricity. There are three private 2-car garages, one private 1-car garage and additional space for on-site parking.

Location

State CA

County Los Angeles

Area 661 - Temple City

Zoning TCR2*

Interior

Heating Central, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Total Parking Spaces 12

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8574009033

Special Listing Condition Standard

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Listed by Sevak Keshishian Marcus & Millichap #01887505

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