Located in the heart of Temple City, 5220 Myrtus Avenue presents a rare opportunity for investors and developers seeking a property with both strong income potential and long-term upside. Situated on an expansive 13,542 square foot lot, this duplex features two detached homes; a 3-bedroom, 1-bath front house offering approximately 1,078 square feet, and a 2-bedroom, 1-bath rear unit with roughly 800 square feet of living space. With pro forma rents estimated at $3,200 for the front unit and $2,500 for the rear, the projected monthly income totals $5,700, delivering a potential cap rate of approximately 4.6%. Whether you're looking for a stable, income-producing asset or a future development site, this property checks all the boxes. The lot offers exceptional width and depth, providing flexibility for developers to explore options such as expansion, new construction, or adding additional units (buyer to verify with the city). This property is located within a highly desirable residential neighborhood, sits on a quiet street lined with single-family homes, just blocks from schools. Its location offers unmatched convenience with easy access to the 10, 605, and 210 freeways, making commutes to Downtown LA, Pasadena, and the greater San Gabriel Valley seamless. Residents enjoy close proximity to daily amenities, including Sam's Club, 99 Ranch Market, Santa Anita Mall, The Arboretum, local parks, and a wide range of restaurants and shops that make Temple City such a desirable place to live and invest. With strong tenant demand in this pocket of Los Angeles County, this is an ideal opportunity for those looking to collect cash flow or unlock the property's development potential. Whether you're planning to hold or build, this property offers the foundation for your next great investment.
|
DAYS ON MARKET
|
14
|
LAST UPDATED
|
7/21/2025
|
|
YEAR BUILT
|
1957
|
COMMUNITY
|
661 - Temple City
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
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PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
661 - Temple City |
| GARAGE |
Yes |
| LOT |
0.3109 acre(s) |
| LOT DESCRIPTION |
Back Yard, Front Yard, Rectangular Lot |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| WATER |
Public |
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Listed with KW Executive
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/25 11:59 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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