$3,300,000
SOLD MAR 17, 2025
5 Beds
4 Baths
8,374 Sq Ft
0.34 Acres

Recently Sold

$394 Per Sq Ft

3% Above List Price

24 Days on Market

Highlights

  • 0.34 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Arroyo High School Rated A-
  • Laundry Room

About This Home

As of March 2025

We are proud to present 5109 Tyler Avenue, a 12-unit multifamily asset located in Temple City, CA offered for sale for the first time in over 37 years – a prime San Gabriel Valley location.
5109 Tyler Avenue in the city of Temple City is bordered by other affluent neighborhoods like Arcadia, San Marino, Alhambra, and Monrovia. The property is located just west of the 605-fwy and centered between interstates 10 and 210 in the unincorporated area of Los Angeles County. Locally, the property is near several big box retailers like Albertsons, Sam’s Club, Vons, Dollar Tree, Home Depot, Chuze Fitness and more. Tenants enjoy convenient access to nearby restaurants like In-N-Out, Subway, Cabrera’s Mexican Restaurant, Starbucks and many other amenities found along Live Oak Ave. The property is also within a short 10-minute drive to Santa Anita Mall and a heavy retail corridor on Rosemead Blvd. Several schools and parks are also just blocks away from the property.
5109 Tyler Avenue offers over ±8,300 SF of rentable building area and sits on a ±15,000 SF lot. The property offers an exceptional unit mix with 4, 1-Bedroom/1-Bathroom, 7, 2-Bedroom/1-Bathroom, and 1 – 2-Bedroom/2- Bathroom units, averaging 700 SF. Currently the units average a monthly rent of ±$1,505 contributing to an annual rental income of ±$216,684. Similar apartments in the immediate surrounding neighborhood average over $2,000 per month, allowing a savvy investor the opportunity to capture ±40% upside in rental income. The in-place income offers a 4.33% CAP Rate and 14.68 GRM at the offered price.
The opportunity to purchase 5109 Tyler Avenue presents an excellent opportunity for both the first-time multifamily investor and seasoned investor looking to satisfy their 1031 exchange.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 02/03/2025

Last Buyer's Agent

XI SUN

Pinnacle Real Estate Group License #02042302

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,225

Year Built

  • Built in 1947

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 8,374 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 14 Parking Spaces
  • 10 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 11 / 3
  • Tax Tract Number 11584
  • Assessor Parcel Number 8574014003

Community Details

Building Details

  • 12 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,730
  • Fuel Expense $1,960
  • Gardener Expense $1,800
  • Insurance Expense $6,000
  • Maintenance Expense $8,456
  • Other Expense $2,400
  • Trash Expense $2,125
  • Water Sewer Expense $4,700
  • New Taxes Expense $40,632
  • Operating Expense $72,803
  • Gross Income $217,937
  • Net Operating Income $138,596

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,225

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 4.33
  • Other Phone Description: Justino Fa'aola
  • Other Phone Number: 626-315-7603
  • Price Per Unit: 266667
  • Property Attached: Yes
  • Water Sewer Expenses: 4700.00
  • Zoning: LCC3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8574014003
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 394.08

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 10.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2125.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14889.00
  • Lot Size Acres: 0.3418

Multi Family

  • Electric Expense: 4730.00
  • Fuel Expense: 1960.00
  • Gross Income: 217937.00
  • Gross Multiplier: 14.68
  • Gross Operating Income: 211399.00
  • Gross Scheduled Income: 217937.00
  • Insurance Expense: 6000.00
  • Laundry Income: 1253.00
  • Lot Size Area: 14889.0000 Square Feet
  • Maintenance Expense: 8456.00
  • Net Operating Income: 138596.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 72803.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 216684.00
  • Total Expenses: 72803.00
  • Vacancy Allowance: 6538

Tax Info

  • New Taxes Expense: 40632.00
  • Tax Block: 3
  • Tax Census Tract: 4315.02
  • Tax Lot: 11
  • Tax Tract Number: 11584

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2025
Closed on
Feb 27, 2025
Sold by
August Associates Llc
Bought by
Green Aokang Llc
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
XI SUN
Pinnacle Real Estate Group
List Price
$3,200,000
Sold Price
$3,300,000
Premium/Discount to List
$100,000
3.12%
Views
22
Current Estimated Value
$3,268,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,695
Avg. Annual Appreciation
0.88%

Purchase Details

Closed on
May 5, 2023
Sold by
Dickey Family Irrevocable Trust
Bought by
August Associates Llc

Purchase Details

Closed on
Feb 4, 2021
Sold by
Dickey Robert T and Dickey Nadean L
Bought by
Dickey Robert T and Dickey Nadean L

Purchase Details

Closed on
Aug 29, 2014
Sold by
Dickey Robert T and Dickey Nadean L
Bought by
The Robert & Nadean Dickey Trust

Purchase Details

Closed on
Aug 26, 2014
Sold by
Dickey Robert Tindell and Dickey Nadean Lorraine
Bought by
Dickey Robert T and Dickey Nadean L

Purchase Details

Closed on
Aug 20, 2014
Sold by
August Associates Llc
Bought by
Dickey Robert Tindell and Dickey Nadean Lorraine

Purchase Details

Closed on
Nov 7, 2008
Sold by
Dickey Robert Tindell and Dickey Nadean Lorraine
Bought by
August Associates Llc

Purchase Details

Closed on
Sep 30, 1998
Sold by
Dickey Robert and Dickey Nadean Rathbun
Bought by
Dickey Robert Tindell and Dickey Nadean Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 17, 1998
Sold by
Trust A & B Rathbun Lorraine F Tr L And L Rat
Bought by
Dickey Robert and Dickey Nadean Rathbun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,300,000 First American Title Insurance
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer $535,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Sold $3,300,000 +3.1% $394 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/03/2025 02/03/25 For Sale $3,200,000 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,225 $245,847 $41,152 $204,695
2024 $6,225 $241,028 $40,346 $200,682
2023 $5,478 $236,303 $39,555 $196,748
2022 $5,362 $231,671 $38,780 $192,891
2021 $5,228 $227,129 $38,020 $189,109
2020 $5,208 $224,801 $37,631 $187,170
2019 $5,260 $220,394 $36,894 $183,500
2018 $4,939 $216,073 $36,171 $179,902
2016 $4,636 $207,684 $34,767 $172,917
2015 $4,598 $204,565 $34,245 $170,320
2014 $4,558 $200,559 $33,575 $166,984
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25025233

California Regional Multiple Listing Service (CRMLS)

APN: 8574-014-003