Here’s a revised real estate description focusing on the investment opportunity: Prime Development Opportunity in Temple City! This property at 5826 Cloverly Avenue offers an exceptional chance to capitalize on an already approved 5-unit condo project. The plans are fully approved, allowing for the immediate construction of two-story condos with a total building area of 6,086 square feet. Each unit ranges from 1,180 to 1,332 square feet, featuring 2 parking spaces per unit and an additional 3 guest parking spaces within the complex. There is also ample street parking available. Located in a high-demand area next to Ralphs, this property is within walking distance to shopping centers, restaurants, and other local amenities, making it a highly desirable location for future residents. Whether you're looking to build and sell or add to your investment portfolio, this opportunity is ready to go. Permits are ready, and construction can begin upon the close of escrow. Don’t miss out on this rare opportunity to develop in one of Temple City's most sought-after locations.
The property is located on the bustling Rosemead Blvd, in a prime area of Temple City. The lot consists of two parcels, both zoned R-3, offering the potential to build a 6-unit multi-family home. The front house, on parcel #5384-016-016, is recorded by the county as a 2-bedroom, 1-bathroom home, built in 1940, with 1,318 square feet of living space on a 5,126-square-foot lot. The rear parcel, #5384-016-020, is currently vacant land. Combined, the parcels form a lot approximately 8,450 square feet in size (163.5 x 65 feet). The property now features 6 bedrooms and 5 bathrooms, totaling 2,075 square feet. For more detailed information, please consult Temple City's city hall.
Temple City is located in California. Temple City, California has a population of 36,526. Temple City is more family-centric than the surrounding county with 33.8% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Temple City, California is $88,792. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Temple City is 43 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 15.8 inches per year, with 0 inches of snow per year.
