5033 Templeton St - Apartments FOR SALE


Los Angeles, CA 90032- Monterey Hills
$1,700,000 USD
818-448-4415
5033 Templeton St, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/10
null | 5.5% Cap Rate

5033 Templeton St
Los Angeles, CA 90032
Monterey Hills


HIGHLIGHTS

  • Great El Sereno Location
  • Soft-Story Retrofit Completed in 2019
  • Electric Subpanels Replaced in All Units and Laundry Room in 2023
  • Roof Replaced in 2024
  • Solid Rental Upside Potential (+50%)
  • Full On-Site Parking

OVERVIEW

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 5033 Templeton St in Los Angeles, California. The subject property is located in a great El Sereno location, south of Huntington Dr and east of Eastern Ave. This well-positioned El Sereno offering features a streamlined all–two-bedroom unit mix, making it highly attractive to today’s tenant base while providing significant rental upside of more than 50%. The property delivers strong fundamentals, including full on-site parking with an ideal opportunity to convert spaces into multiple ADUs. Recent improvements—such as the 2019 soft-story retrofit, 2023 replacement of all unit and laundry room electric subpanels, and a 2024 roof replacement—provide investors with immediate peace of mind and reduced expenses. The building is gated and secure and features an on-site laundry facility. Its strategic location offers dominant access to nearby commercial corridors such as Alhambra Avenue, Huntington Drive, and Fremont Avenue, along with immediate connectivity to the 710, 10, 110, 60, and 5 freeways, making this an exceptional value-add opportunity in a rapidly improving submarket. The property’s great El Sereno location, substantial rental upside, and recent improvements make it a standout value-add investment in one of the Eastside’s most compelling submarkets.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,889

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,862 SF

ZONING

RD3, Los Angeles

APN/PARCEL ID

5219-011-020

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.