Exceptional Investment &#38' Development Opportunity in Prime Temple City Location &#38' School.
Strategically located within walking distance to Camellia Square, popular restaurants, fitness centers, grocery stores, bus stops, TJ Maxx, bakeries, cafés, and personal care services, this income-generating property offers both immediate cash flow and long-term development potential.
The offering includes two contiguous parcels (APNs: 5384-016-020 &#38' 5384-016-016), both zoned R-4, presenting a rare opportunity for medium-density residential redevelopment in one of Temple City&#39's most desirable neighborhoods. When combined, the properties provide the potential to develop up to six multi-family units or subdivide into six individual lots, subject to verification and approval by the City of Temple City Planning Division.
The existing improvements include multiple rental units and a permitted guest house, offering stable income while entitlement and planning processes are underway. Whether you are a developer, investor, or builder, this is an ideal acquisition for those seeking to capitalize on high-demand housing and a well-connected urban setting.
Key Highlights:
• Two legal parcels with R-4 zoning
• Strong existing rental income
• Development potential for 6-unit multifamily or 6 subdivided lots (subject to city approval)
• Excellent walkability and access to amenities
• High-growth area with strong buyer and tenant demand
This is a rare opportunity to secure a high-value land position with strong upside potential in a premier San Gabriel Valley location.