5916 Rosemead Boulevard, Temple City, California 91780, Temple City, 91780 - 6 bed, 5 bath

5916 Rosemead Boulevard, Temple City, California 91780 home-pic-0
ACTIVE$1,180,000
5916 Rosemead Boulevard, Temple City, California 91780
6Beds
5Baths
2,075Sqft
8,450Lot

Price Vs. Estimate

The estimated value ($1,180,000) is $0 (0%) lower than the list price ($1,180,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Opportunity: The property offers a rare opportunity for redevelopment into a luxury single-family residence, appealing to developers and homeowners seeking a bespoke living experience.
Top Cons:
Year Built: Built in 1940, the existing structure may require significant renovation or demolition, adding to the overall project cost.

Compared to the nearby listings

Price:$1.18M vs avg $1.20M ($-20,000)49%
Size:2,075 sqft vs avg 1,665 sqft73%
Price/sqft:$569 vs avg $70914%

More Insights

Built in 1940 (85 years old).
Condition: The property was built in 1940 and the listing suggests it's suitable for redevelopment. The images show an outdated interior, particularly in the kitchen and bathrooms, indicating the need for substantial repairs and rehabilitation. Given the age and condition, a 'poor' rating is appropriate.
Year Built
1940
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
WS24253379
Home ConditionPoor
Features
View-

About this home

This property presents an exceptional opportunity for redevelopment into a luxury single-family residence. The offering includes two adjoining parcels: • Parcel 1 (5384-016-016): 5,200 SF • Parcel 2 (5384-016-020): 3,250 SF Total Combined Lot Area: 8,450 SF Situated in the highly sought-after Temple City School District, this property offers unparalleled convenience, being in close proximity to premier dining, shopping, and the newly developed Camellia Plaza. The combined lot size provides ample flexibility to design and construct a spacious custom luxury home, with the additional option to include a guest house. This is a rare and valuable opportunity for both developers and homeowners to create a bespoke living experience in one of the most desirable neighborhoods.

Condition Rating
Poor

The property was built in 1940 and the listing suggests it's suitable for redevelopment. The images show an outdated interior, particularly in the kitchen and bathrooms, indicating the need for substantial repairs and rehabilitation. Given the age and condition, a 'poor' rating is appropriate.
Pros & Cons

Pros

Development Opportunity: The property offers a rare opportunity for redevelopment into a luxury single-family residence, appealing to developers and homeowners seeking a bespoke living experience.
Large Lot Size: The combined lot area of 8,450 SF provides ample space and flexibility to design and construct a spacious custom home, potentially including a guest house.
Excellent School District & Location: Situated in the highly sought-after Temple City School District and close to premier dining, shopping, and Camellia Plaza, enhancing its desirability.

Cons

Year Built: Built in 1940, the existing structure may require significant renovation or demolition, adding to the overall project cost.
Redevelopment Required: The property is advertised for redevelopment, implying the existing structure may not be move-in ready and requires substantial investment.

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