4533 Ellis Lane
Temple City, CA, 91780
$1,200,000
Beds
0 Baths
SqFt
0.22 Acres
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4 unit property built in 1978 located in Temple City near Lower Azusa Road with tremendous upside potential.Property size is 9,607 square feet with a two story building that contains 4 spacious apartments built over 6 individual garages in 3,538 square feet. A detached two-car garage is located at the rear of the property. Zoning is Temple City Multi-Use Low, MU-L District allowing for creative redevelopment and retail or service business use. The owners carefully updated and maintained the building over 2 decades and there are three occupied apartments with one vacant apartment unit that is 1 bedroom and 1 bath in size. The unit mix is 2, 2 bedroom apartments and 2, 1 bedroom apartments. See photos for detailed floor plan information from original plans. With no local rent controls, Temple City offers a stable and excellent investment location with high quality services and amenities. Current rents are well below market rate offering a new owner the ability to increase rents and rate of return. Attractive financing is available for owner-occupant buyers with one vacant unit available for immediate move in. Available to show at scheduled open houses and please do not disturb tenants or walk around property without an appointment.

Property Details

Price:
$1,200,000
MLS #:
P1-21746
Status:
Active
Baths:
0
Address:
4533 Ellis Lane
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
661templecity
City:
Temple City
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
91780
Lot Size:
9,607 sqft / 0.22 acres (approx)
Year Built:
1979
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Interior

Accessibility Features
None
Appliances
Refrigerator, Gas Range
Cooling
Central Air
Fireplace Features
None
Flooring
Carpet, Vinyl, Tile, Laminate
Heating
Central

Exterior

Community Features
Curbs, Sidewalks, Suburban, Storm Drains
Electric
220 Volts
Fencing
Brick, Wood
Foundation Details
Slab
Garage Spaces
8.00
Lot Features
2-5 Units/ Acre, Near Public Transit
Parking Features
Assigned, Driveway, Paved, On Site, Garage Faces Side, Garage – Two Door, Garage – Single Door
Parking Spots
8.00
Pool Features
None
Roof
Asphalt
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Water Source
Public, Private

Financial

Association Fee
0.00
Tenant Pays
Electricity, Telephone, Gas
Utilities
Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

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Community

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4533 Ellis Lane
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