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$3,825,000   Price Analysis
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5631 Sultana Ave
Temple City, CA 91780
17 bed 11 bath 7,686 SqFt ($497/SqFt)
0.51 acre lot. Built 1962
Listed 2024-07-03, Taxes $14,263
Ⓧ USDA Ineligible
due to price & location

near Temple City

We are excited to present 5631 Sultana

An exclusive 10-unit compound with development potential in prime Temple City. Situated on a sprawling 22, 320 square foot lot zoned R3, this property consists of seven structures with an exceptional unit mix featuring one standalone 3-bedroom, 1.5-bath house with a den and huge priv ate yard, five 2-bedroom, 1-bath units (of which two are free standing houses with no shared walls) and four 1-bedroom, 1-bath units.Offered for the first time in over 38 years, this property represents an extraordnary opportunity to acquire an income-generating asset featuring 17 parking spaces and potential ADU possibilities through garage or carport conversions.

Located blocks from Camellia Square and the shops and restaurants on Las Tunas Drive, each of the ten units has their own individual washer/dryer hookups. Most units also have recently replaced individual water heaters and wall heaters. Additionally, eight of the ten units offer private outdoor patios or yards, a rare and desirable feature for the residents.Whether you're looking to invest for the long term, explore development opportunities or both, 5631 Sultana offers a unique chance to make your mark in this thriving area.


Presented by Benjamin J. Hsiang at
Realty Investment Advisors, Inc.


Property MLS #24-405477 from TheMLSCLAW

Bedrooms: 17

Total Bathrooms: 11
Full Bathrooms: 11

Cooling Features: Window Unit(s)
Heating Features: Wall

Lot Size Acres: 0.5123967
Lot Size Dimensions: 97x229
Lot Size Source: Assessor
Lot Size Square Feet: 22320

Garage Description: Carport, Garage Is Detached, Parking Space
Parking Total: 17

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 7
Number of Units: 10
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 1.5, 1 SquareFeet: 3500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 11500, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 7700

Tenant Pays: Gas, Electric

Source Listing Status: Active
County: Los Angeles
Cap Rate: 3.8
Directions: East on Broadway, North on Sultana
Source Property Type: Residential Income
Area: Temple City
Source Neighborhood: Temple City
Owner Pays: Gardener, Water
Parcel Number: 5387-028-011
Postal Code Plus 4: 2383
Zoning: TCR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$679,312 + $334,016
$1,013,328
$14,263
2021$665,993 + $327,467
$993,460
$14,420
2020$659,165 + $324,110
$983,275
$14,248
2019$646,241 + $317,755
$963,996
$13,973
2018$633,570 + $311,525
$945,095
$13,431
2017$621,148 + $305,417
$926,565
$13,161
2016$608,969 + $299,429
$908,398
$12,810
2015$599,822 + $294,932
$894,754
$12,607
2014$588,073 + $289,155
$877,228
$12,491
2013$585,416 + $287,849
$873,265
$12,513
2012$573,938 + $282,205
$856,143
$11,797
2010$562,685 + $276,672
$839,357
$11,350
2009$559,807 + $275,258
$835,065
$11,311
2009$558,480 + $274,605
$833,085
$11,311
2008$548,831 + $269,861
$818,692
$11,003
2007$538,070 + $264,570
$802,640
$10,683

Listed 2024-07-03
$3,825,000
TheMLSCLAW
Sold 1984-11-06
$475,000
Public Record

Net Operating Income: 145456

Total Square Feet Living: 7686
Year Built: 1962
Levels: One Level, Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 62
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced

Other Equipment: Gas Dryer Hookup, Range/Oven, Vented Exhaust Fan

La Rosa Elementary School is a public elementary school located approximately 0.7 miles away.
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Oak Avenue Intermediate School is a public middle school located approximately 1.2 miles away.
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Temple City High School is a public high school located approximately 1.2 miles away.
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Angela Preschool Kindergarten is a private elementary school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.