5938 Alessandro Avenue, Temple City, California 91780, Temple City, 91780 - 3 bed, 3 bath
ACTIVE$1,600,000
5938 Alessandro Avenue, Temple City, California 91780
3Beds
3Baths
1,644Sqft
9,180Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Ready: The property is R3 Zoned with final approval and plans/engineering included for a 3-unit condominium project (one detached single, one duplex), offering immediate value-add for developers and investors.
Top Cons:
Age of Existing Structure: Built in 1948, the current 1644 sqft home is likely outdated and may require significant renovation or demolition, depending on the buyer's development plans.
Compared to the nearby listings
Price:$1.60M vs avg $1.49M (+$115,000)70%
Size:1,644 sqft vs avg 2,293.5 sqft20%
Price/sqft:$973 vs avg $58490%
More Insights
Built in 1948 (77 years old).
Condition: Built in 1948, this property is 76 years old with no indication of major renovations in the past 50 years. The images show a very dated exterior and unkempt grounds. The listing description explicitly states the property's value is in its R3 zoning and approved plans for a 3-unit condominium project, implying the existing structure is likely to be demolished or requires extensive work, aligning with the 'tear-down' criteria where value is based solely on the land and redevelopment potential.
Year Built
1948
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$973
HOA
-
Days on market
-
Sold On
-
MLS number
AR25025519
Home ConditionTear down
Features
Patio
View-
About this home
Welcome to 5938 Alessandro Avenue. Excellent location North of Temple City with Temple City School District and Located in a charming neighborhood on a lovely tree lined street north of Las Tunas Dr, this home is close to lots of shops and restaurants and sits on a large 9,177 square foot lot.R3 Zone Final approved & Ready to Built 3 units Condominium project ( front One single Detached and rear Duplex) Price includes all the plans & engineering.
Condition Rating
Tear down
Built in 1948, this property is 76 years old with no indication of major renovations in the past 50 years. The images show a very dated exterior and unkempt grounds. The listing description explicitly states the property's value is in its R3 zoning and approved plans for a 3-unit condominium project, implying the existing structure is likely to be demolished or requires extensive work, aligning with the 'tear-down' criteria where value is based solely on the land and redevelopment potential.
Pros & Cons
Pros
Development Ready: The property is R3 Zoned with final approval and plans/engineering included for a 3-unit condominium project (one detached single, one duplex), offering immediate value-add for developers and investors.
Prime Location: Situated in a charming, tree-lined neighborhood North of Temple City, providing convenient access to shops, restaurants, and local amenities.
Top-Rated School District: Located within the highly desirable Temple City School District, a significant draw for families and a strong factor for property value appreciation.
Generous Lot Size: A large 9,177 square foot lot provides ample space for the approved multi-unit development, maximizing potential returns.
Residential Income Classification: Already classified as 'Residential Income' with a 'Duplex' sub-type, aligning perfectly with its development potential and investor appeal.
Cons
Age of Existing Structure: Built in 1948, the current 1644 sqft home is likely outdated and may require significant renovation or demolition, depending on the buyer's development plans.
No Notable Views: The property does not offer any specific views, which might be a minor detractor for some buyers seeking scenic vistas.
Specialized Buyer Pool: The high price point ($1.6M) driven by development potential targets a specialized buyer pool (developers/investors), potentially limiting appeal to traditional single-family homeowners.