9972 East Live Oak Avenue
Temple City, CA 91780
For Sale
2,310 sqft
Sale Price
$1,350,000
Brochure
Property Website
Map
Multifamily For Sale
Prime Temple City Triplex | Single Story
This well-positioned 1953-built Temple City triplex in the San Gabriel Valley delivers stable in-place income at a current cap rate of 3.35%.
Pro forma cap rate of 4.04% is achievable by capturing the 13% rental upside available to a new owner.
Offered at $450,000 per unit and approximately $584 per square foot.
Each well-maintained residence features a fully equipped kitchen with oven range, a living room with a brick fireplace (front unit), wood-look flooring and washer and dryer hookups.
Three single-story 2-bedroom/1-bathroom units.
±6,573 square-foot lot supports ±2,310 square feet of rentable area averaging ±770 square feet per unit.
3 single-car garages sit behind an ornate wrought-iron gate at the rear, complemented by a private courtyard, individual porches and lush landscaping.
Just west of the 605 Freeway and centered between the 10 and 210 Freeways, the property sits approximately 13 miles from Downtown Los Angeles and adjacent to Arcadia, San Marino, Alhambra and Monrovia.
Methodist Hospital of Southern California, Huntington Hospital, City of Hope, Westfield Santa Anita and the Temple City Unified School District anchor a steady pool of renters minutes from the property.
Live Oak Park, Albertsons, Sam’s Club, Vons, Home Depot, Chuze Fitness, In-N-Out and Starbucks are all nearby, with The Shops Santa Anita a short 10-minute drive away.
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109
CBRE is pleased to exclusively present a well-positioned multifamily investment opportunity at 9972 Live Oak Avenue in Temple City, California, offering stable in-place income in the prime San Gabriel Valley.
The single-story triplex sits adjacent to the City of Arcadia and steps from Live Oak Park, with convenient access to the 605 Freeway and a central position between the 10 and 210 Freeways. At a cost basis of $450,000 per unit, the property presents a current cap rate of 3.35% and a pro forma cap rate of 4.04%, reflecting 13% rental upside available to a new owner.
Built in 1953, the property sits on a ±6,573 sq. ft. lot with ±2,310 sq. ft. of rentable area, averaging ±770 sq. ft. across three 2-bedroom/1-bathroom units. Each residence features a fully equipped kitchen with oven range, a living room with a brick fireplace (front unit), wood-look flooring, wall-mounted heating and air conditioning, horizontal blinds, washer and dryer hookups and security screen doors. Individual porches, a private courtyard and lush landscaping complement the well-maintained exterior and composition roof. Three single-car garages at the rear, accessed through an ornate wrought-iron gate, complete the property.
Temple City is bordered by affluent communities including Arcadia, San Marino, Alhambra and Monrovia, and sits approximately 14 miles from Downtown Los Angeles. Residents are minutes from big box retailers such as Albertsons, Sam’s Club, Vons, Dollar Tree, Home Depot and Chuze Fitness, along with restaurants like In-N-Out, Subway, Cabrera’s Mexican Restaurant and Starbucks along Live Oak Avenue. Santa Anita Mall and the heavy retail corridor on Rosemead Boulevard are a short 10-minute drive away, and several schools and parks are just blocks from the property.
The San Gabriel Valley supports a deep and resilient employment base anchored by Methodist Hospital of Southern California, Huntington Hospital, City of Hope, The Shops at Santa Anita and the Temple City Unified School District. Healthcare professionals, educators and retail workers form a steady pool of renters, creating consistent demand for well-located housing in the submarket.
9972 Live Oak Avenue is a stable income-producing asset in Temple City, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
The single-story triplex sits adjacent to the City of Arcadia and steps from Live Oak Park, with convenient access to the 605 Freeway and a central position between the 10 and 210 Freeways. At a cost basis of $450,000 per unit, the property presents a current cap rate of 3.35% and a pro forma cap rate of 4.04%, reflecting 13% rental upside available to a new owner.
Built in 1953, the property sits on a ±6,573 sq. ft. lot with ±2,310 sq. ft. of rentable area, averaging ±770 sq. ft. across three 2-bedroom/1-bathroom units. Each residence features a fully equipped kitchen with oven range, a living room with a brick fireplace (front unit), wood-look flooring, wall-mounted heating and air conditioning, horizontal blinds, washer and dryer hookups and security screen doors. Individual porches, a private courtyard and lush landscaping complement the well-maintained exterior and composition roof. Three single-car garages at the rear, accessed through an ornate wrought-iron gate, complete the property.
Temple City is bordered by affluent communities including Arcadia, San Marino, Alhambra and Monrovia, and sits approximately 14 miles from Downtown Los Angeles. Residents are minutes from big box retailers such as Albertsons, Sam’s Club, Vons, Dollar Tree, Home Depot and Chuze Fitness, along with restaurants like In-N-Out, Subway, Cabrera’s Mexican Restaurant and Starbucks along Live Oak Avenue. Santa Anita Mall and the heavy retail corridor on Rosemead Boulevard are a short 10-minute drive away, and several schools and parks are just blocks from the property.
The San Gabriel Valley supports a deep and resilient employment base anchored by Methodist Hospital of Southern California, Huntington Hospital, City of Hope, The Shops at Santa Anita and the Temple City Unified School District. Healthcare professionals, educators and retail workers form a steady pool of renters, creating consistent demand for well-located housing in the submarket.
9972 Live Oak Avenue is a stable income-producing asset in Temple City, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Temple City, a charming city in Los Angeles County, boasts a prime location in the west San Gabriel Valley. Situated around eight miles southeast of Pasadena and 14 miles east of downtown Los Angeles, it offers a convenient blend of suburban tranquility and urban accessibility. The city’s diverse population reflects the rich tapestry of Southern California, with a significant Asian American presence alongside a mix of other ethnicities. Residents often enjoy a strong sense of community, with many drawn to its excellent schools, family-friendly atmosphere, and proximity to recreational opportunities. The surrounding region provides endless entertainment options, from world-class museums and cultural attractions in Los Angeles to the breathtaking natural beauty of the San Gabriel Mountains.
Temple City benefits significantly from its location within the robust Los Angeles County economy. Key industries in the county include entertainment, technology, aerospace, and healthcare, providing a diverse job market. LA County boasts a highly educated workforce, fueled by renowned universities and a diverse population. This diverse workforce, coupled with strong job growth, attracts businesses and contributes to a thriving economy. Temple City, with its proximity to Downtown Los Angeles and major transportation arteries, enjoys excellent connectivity to these economic centers. Ongoing development projects, such as infrastructure improvements and mixed-use developments, are further enhancing the region’s appeal. Moreover, easy access to world-class entertainment districts, renowned beaches, and outdoor recreational areas adds to the region’s allure, making Los Angeles County a highly desirable and increasingly competitive market.
Temple City offers a variety of recreational opportunities for its residents. The city boasts several well-maintained parks, such as Live Oak Park, which provide spaces for picnicking, playing sports, and enjoying leisurely walks. The city also hosts various community events throughout the year, including concerts in the park, festivals, and holiday celebrations, fostering a strong sense of community. While the city itself may have a more subdued entertainment scene compared to larger metropolitan areas, its proximity to Pasadena and Los Angeles provides easy access to a wealth of entertainment options, including world-class museums, theaters, and sporting events.
California Institute of Technology (Caltech): Located roughly 6 miles away in Pasadena, Caltech is a world-renowned private research university founded in 1891 as Throop University. Its faculty and alumni have received 46 Nobel Prizes, and it has managed NASA’s Jet Propulsion Laboratory since 1958. Home to approximately 2,000 undergraduate and graduate students on a 124-acre campus, Caltech and JPL employ thousands of highly skilled scientists, engineers, and staff, anchoring a highly educated workforce, fueling economic growth, and supporting sustained demand for well-located housing across the San Gabriel Valley.
Temple City benefits significantly from its location within the robust Los Angeles County economy. Key industries in the county include entertainment, technology, aerospace, and healthcare, providing a diverse job market. LA County boasts a highly educated workforce, fueled by renowned universities and a diverse population. This diverse workforce, coupled with strong job growth, attracts businesses and contributes to a thriving economy. Temple City, with its proximity to Downtown Los Angeles and major transportation arteries, enjoys excellent connectivity to these economic centers. Ongoing development projects, such as infrastructure improvements and mixed-use developments, are further enhancing the region’s appeal. Moreover, easy access to world-class entertainment districts, renowned beaches, and outdoor recreational areas adds to the region’s allure, making Los Angeles County a highly desirable and increasingly competitive market.
Temple City offers a variety of recreational opportunities for its residents. The city boasts several well-maintained parks, such as Live Oak Park, which provide spaces for picnicking, playing sports, and enjoying leisurely walks. The city also hosts various community events throughout the year, including concerts in the park, festivals, and holiday celebrations, fostering a strong sense of community. While the city itself may have a more subdued entertainment scene compared to larger metropolitan areas, its proximity to Pasadena and Los Angeles provides easy access to a wealth of entertainment options, including world-class museums, theaters, and sporting events.
California Institute of Technology (Caltech): Located roughly 6 miles away in Pasadena, Caltech is a world-renowned private research university founded in 1891 as Throop University. Its faculty and alumni have received 46 Nobel Prizes, and it has managed NASA’s Jet Propulsion Laboratory since 1958. Home to approximately 2,000 undergraduate and graduate students on a 124-acre campus, Caltech and JPL employ thousands of highly skilled scientists, engineers, and staff, anchoring a highly educated workforce, fueling economic growth, and supporting sustained demand for well-located housing across the San Gabriel Valley.
Total Space Available
2,310 sqft
Sale Price
$1,350,000
Place
The Shops at Santa Anita
Retail
2.2 miles
5 min.
/drive
Airport
LAX Airport
31.9 miles
45 min.
/drive
CommuterRail
El Monte Metrolink Train Station
3 miles
6 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Mikel Dominguez
Lic: 02189109