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5827 Oak Avenue, Temple City, California 91780, Temple City, 91780 - 5 bed, 4 bath

5827 Oak Avenue, Temple City, California 91780 home-pic-0
ACTIVE$1,800,000$2,906/sqft
Est. Value: $1,811,077
%
FairlyEstimate
5827 Oak Avenue, Temple City, California 91780
5Beds
4Baths
2,906Sqft
9,178Lot

Price Vs. Estimate

The estimated value ($1,811,076.655) is $11,076.655 (0%) lower than the list price ($1,800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Dual Income Potential: The property features two detached residences on one lot, offering significant and immediate rental income potential, ideal for investors or owner-occupants seeking supplemental income.
Top Cons:
Ambiguous Future-Dated Information: The listing includes future dates for significant improvements (new roofs, water heater in 2025/2026) and the on-market date, which requires clarification to avoid buyer confusion regarding the current property condition and availability.

Compared to the nearby listings

Price:$1.80M vs avg $1.22M (+$585,000)83%
Size:2,906 sqft vs avg 1,710 sqft87%
Price/sqft:$619 vs avg $72319%

More Insights

Built in 1996 (30 years old).
Condition: This property, built in 1996, consists of two detached homes that have undergone substantial recent improvements totaling over $94,000. Major systems like the furnace, AC, and copper lines have been updated within the last 5 years (2020-2023), with new roofs and water heater scheduled for 2025-2026. The front unit (5829 Oak Ave) features new vinyl plank flooring, fresh paint, and a modern walk-in shower. While its kitchen has custom laminate countertops and older white cabinets, it is clean and functional. The rear unit (5827 Oak Ave) is well-maintained with clean carpet and tile, though its kitchen and bathrooms retain a more dated style with wood cabinets and tile countertops. Despite some dated aesthetics in the kitchens and older bathrooms, the extensive updates to critical systems and the overall clean, move-in ready condition of both units, as highlighted by the listing's 'above-average condition' and 'reduced near-term capital expenditure requirements,' align with the 'Good' score criteria.
Year Built
1996
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$619
HOA
-
Days on market
-
Sold On
-
MLS number
SW26011697
Home ConditionGood
Features
Patio
ViewCourtyard

About this home

Investor Opportunity – Two Detached Homes on One Lot Rare opportunity to acquire two detached single-family residences on one lot in a prime, centrally located area near shopping, dining, transportation, and within the Temple City School District. The property sits on an expansive approximately 9,178 sq. ft. lot and has been extensively improved, making it well-suited for long-term hold investors, 1031 exchange or owner-occupant/investor strategies. The rear residence (5827 Oak Ave) offers 3 bedrooms and 2 bathrooms with approximately 2,092 sq. ft. of living space. Improvements include a furnace replacement (2020), installation of locking caps, new copper line set and cover (2023), and a new roof installed in 2025. Central air conditioning was updated in August 2020. The home features an open living/dining area with fireplace, private yard, and 2-car garage. • 5827 is Currently tenant-occupied at $3,700/month -Lease in place through 06/30/2027 (great tenants in place since 07/14/2018) ------------- The front residence (5829 Oak Ave) is a Spanish-style home, offering 2 bedrooms and 1.5 bathrooms with approximately 1,224 sq. ft. of living space. Notable improvements include roof underlayment and metal flashing, custom laminate kitchen countertops, new walk-in shower, interior and exterior painting, new vinyl plank flooring throughout, ventilation upgrades, subfloor and foundation reinforcement, replacement of the main water line with new shutoff valves, and a new water heater (2026), and garage has new roof in 2025. The home also includes central air, a living room with fireplace, separate dining area, and a 2-car garage with private courtyard. Currently for rent on Zillow for $3190/month. Total documented improvements: approximately $94,431, reflecting substantial investment in major systems, structural components, and interior upgrades across both homes. Both residences are in above-average condition and offer dual income potential with strong long-term tenancy and reduced near-term capital expenditure requirements. A rare multi-home asset in a desirable location and ideal for buy-and-hold investors or portfolio expansion.

E
Elton Behrens
Listing Agent

Price History

Date
Event
Price
03/31/99
Sold
$335,000
12/07/15
Sold
$1,020,000
Condition Rating
Good
This property, built in 1996, consists of two detached homes that have undergone substantial recent improvements totaling over $94,000. Major systems like the furnace, AC, and copper lines have been updated within the last 5 years (2020-2023), with new roofs and water heater scheduled for 2025-2026. The front unit (5829 Oak Ave) features new vinyl plank flooring, fresh paint, and a modern walk-in shower. While its kitchen has custom laminate countertops and older white cabinets, it is clean and functional. The rear unit (5827 Oak Ave) is well-maintained with clean carpet and tile, though its kitchen and bathrooms retain a more dated style with wood cabinets and tile countertops. Despite some dated aesthetics in the kitchens and older bathrooms, the extensive updates to critical systems and the overall clean, move-in ready condition of both units, as highlighted by the listing's 'above-average condition' and 'reduced near-term capital expenditure requirements,' align with the 'Good' score criteria.
Pros & Cons

Pros

Exceptional Dual Income Potential: The property features two detached residences on one lot, offering significant and immediate rental income potential, ideal for investors or owner-occupants seeking supplemental income.
Extensive Recent Capital Improvements: Over $94,000 in documented upgrades across both homes, including major systems (furnace, AC, water heater) and structural components, significantly reduces near-term capital expenditure for a new owner.
Prime Location with Desirable Amenities: Centrally located in Temple City, offering convenient access to shopping, dining, transportation, and situated within the highly-rated Temple City School District.
Stable Tenancy and Immediate Cash Flow: The rear unit has a long-term tenant with a lease in place through mid-2027, ensuring stable income, while the front unit is ready for immediate rental, providing strong cash flow potential.
Generous Lot Size: An expansive 9,178 sq. ft. lot provides ample space, potential for privacy between the two units, and opportunities for outdoor living or future enhancements.

Cons

Ambiguous Future-Dated Information: The listing includes future dates for significant improvements (new roofs, water heater in 2025/2026) and the on-market date, which requires clarification to avoid buyer confusion regarding the current property condition and availability.
Limited Immediate Owner-Occupancy Options: With one unit tenant-occupied until mid-2027 and the other currently for rent, an owner-occupant's flexibility to choose their preferred unit or occupy both is significantly restricted in the short term.
Increased Management Complexity: Operating two separate detached rental units, each with its own maintenance needs, tenant considerations, and lease agreements, presents a higher level of management complexity compared to a single-family residence.
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