5944 Golden West AveTemple City, CA 91780

This exceptional six-unit apartment building in Temple City, CA, presents a compelling investment opportunity. Built in 1964 and meticulously maintained by the original owners, this 5,940 square foot property boasts a 100% occupancy rate. The building features a mix of two and three-bedroom units, currently generating a NOI of $83,229, with a cap rate of 3.48%. However, significant rental upside potential exists due to below-market rents. A pro-forma analysis, based on comparable properties within a five-mile radius, projects a pro-forma NOI of $117,898 and a pro-forma cap rate of 4.92%. The property is situated in a desirable neighborhood, across from a public library and park, and adjacent to a church complex. Temple City offers a vibrant retail scene, high household income, and low crime rates. The building is legally non-conforming, offering a significant advantage over new construction due to current parking and zoning regulations. Original building plans are available, and a recent roof replacement comes with a warranty. A 2022 appraisal is also available for review. This fee-simple ownership opportunity offers a rare combination of strong current income and substantial future growth potential. The asking price is $2,395,000, or $399,167 per unit. This represents a unique chance to acquire a well-maintained, income-producing asset in a highly desirable location.