5516 Sultana, Temple City, California 91780, Temple City, 91780 - 0 bed, 0 bath
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Temple City, California 91780
This High-Potential Investment Opportunity is listed at $2,680,000, positioned well below the $2,727,377 Fair Market Value by 1.7%, offering $47,377 in Instant Equity. Featuring a Good Condition Rating and R3 Zoning, this 4-unit asset includes permit-ready plans for two additional ADUs, significantly increasing future rental yield. Located in a district with Award-Winning Temple City Schools, the property provides stable cash flow and long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a value-add multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 Sultana Subject | $2,680,000* List Price | 0 | 0 | 4,428 | $616 | - |
A 9459 Daines Active | $1,895,000 List Price | 0 | 0 | 2,883 | $657 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980 (44 years old), the property is described as well-maintained with most units featuring newer kitchens, laminate flooring, and fresh paint. The presence of modern mini-split HVAC systems and the move-in ready status of the units align with the 'Good' criteria for renovated properties between 5-15 years old.
The property includes permit-ready plans to convert detached garages into two additional 2-bedroom units, providing a clear and immediate path to increase rental income and total asset value.
Situated in the heart of Temple City with access to award-winning schools, the location ensures high tenant demand, low vacancy rates, and strong long-term appreciation.
The expansive 15,322 square foot lot with R3 zoning offers rare density and significant future development flexibility in a highly sought-after residential area.
To realize the projected income growth, the buyer must commit to the costs and management of constructing the two ADUs, which requires significant additional liquidity.
At a list price of $2.68M for the existing four units, the price per unit is relatively high, which may result in a lower initial cap rate until the value-add components are completed.
RARE Value-Add Multi-Family Opportunity in the Heart of Temple City with Award-Winning Temple City Schools! Situated on a large lot with desirable R3 zoning in a quiet and highly sought-after neighborhood, this well-maintained 4-unit property offers excellent current cash flow with tremendous upside potential. The property features an ideal unit mix consisting of one spacious front unit with 3 Bedrooms and 2 Bathrooms with its own attached garage, plus three additional units each offering 2 Bedrooms and 2 Bathrooms. Most units have been tastefully remodeled with newer kitchens, newer laminate flooring, and fresh interior paint throughout. The property has consistently attracted quality tenants with strong payment history and stable rental income. **Adding even greater value, the property includes permit-ready plans to convert the detached garages into TWO ADUs totaling approximately 1,200 SqFt, each designed as 2 Bedrooms and 1 Bathroom units, creating significant future income potential. **Conveniently located near top-rated schools, shopping, dining, transportation, and everyday amenities. Excellent opportunity for investors, owner-users, or 1031 Exchange buyers seeking long-term growth and strong upside potential. LOCATION, LOCATION, LOCATION!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,428 | 2,646 | 88% |
| Lot Size | 15,322 | 12,254 | 63% |
| Price | $2.68M | $1.47M | 88% |
| Price per sq ft | $605 | $612 | 50% |
| Built year | 1980 | 1954 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 96 | 13% |
May 20, 2026
$2,680,000
Initial Listing
Sep 7, 2023
$2,290,000
Public Record
Feb 6, 2017
$1,758,000
Public Record
Feb 23, 1999
$440,000
Public Record
Apr 23, 1996
$392,000
Public Record