10639 Lynrose Street, Temple City

$5,750,000

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20 Beds
10 Baths
1.23 Acres
10 Garages

Unique trophy asset located in the heart of the San Gabriel Valley! This property has been meticulously maintained and upgraded, reflecting a high standard of care and investment. The current owners have spared no expense in its upkeep, resulting in a property that is in top-notch condition. The property comprises ten 2-bedroom/1-bathroom single-story cottages, with a total rental square footage of 9,680 SqFt and a total lot size of 53,448 SqFt offering privacy and space. Every unit has its own front and back yards, creating a comfortable and spacious environment. Its exclusive location on a private cul-de-sac provides an unrivaled level of privacy and seclusion for residents. The property is equipped with a range of modern amenities, including; garage parking, and central air conditioning & heating systems, enhancing the overall living experience. A notable aspect of this property is the extensive remodeling undertaken in eight out of ten units, which includes; modernized kitchens and bathrooms, a comprehensive plumbing overhaul with new copper plumbing, updated electrical systems and subpanels, new central A/C systems, replacement of the water mainline and individual lines to each cottage, stylish new garage doors, upgraded appliances, and refreshed landscaping that enhances the property's curb appeal. The utilities are separately metered for electricity and gas, and there's potential for separately metering water as well. Moreover, this property presents significant investment and development potential. Prospective investors might consider re-development of the lot given its size, subject to necessary verifications and approvals from city authorities. This opportunity makes it an ideal choice for investors seeking a lucrative venture in a prime location.

Essential Information

MLS® #
CV24065651
Price
$5,750,000
Bedrooms
20
Bathrooms
10.00
Acres
1.23
Year Built
1950
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
10639 Lynrose Street
Area
661 - Temple City
City
Temple City
County
Los Angeles
Zip Code
91780
Community Features
Curbs, Gutter(s), Sidewalks
Senior Community
N

Amenities

Parking Spaces
40
# of Garages
10
Pool
None

Interior

# of Stories
1
Stories
One

Lot Description

6-10 Units/Acre, Cul-De-Sac, Lot Over 40000 Sqft

Additional Information

Date Listed
April 3rd, 2024
Days on Market
35
Zoning
TCR17200*

Listing Details

Agent
Kristopher German
Office
RE/MAX 2000 REALTY

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Based on information from California Regional Multiple Listing Service, Inc. as of May 8th, 2024 at 3:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.