NOT LISTED FOR SALE

5631 Sultana Ave Temple City, CA 91780

Estimated Value: $3,828,000 - $3,935,977

17 Beds
11 Baths
7,686 Sq Ft
$504/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $3,775,000 $491 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $21,513/month

100 Days on Market

Highlights

  • 0.49 Acre Lot
  • 17 Car Attached Garage
  • 1-Story Property
  • La Rosa Elementary Rated A

About This Home

As of November 2024

We are excited to present 5631 Sultana, an exclusive 10-unit compound with development potential in prime Temple City. Situated on a sprawling 22,320 square foot lot zoned R3, this property consists of seven structures with an exceptional unit mix featuring one standalone 3-bedroom, 1.5-bath house with a den and huge private yard, five 2-bedroom, 1-bath units (of which two are free standing houses with no shared walls), and four 1-bedroom, 1-bath units.Offered for the first time in over 38 years, this property represents an extraordinary opportunity to acquire an income-generating asset featuring 17 parking spaces and potential ADU possibilities through garage or carport conversions. Located just blocks from Camellia Square and the shops and restaurants on Las Tunas Drive, each of the ten units has their own individual washer/dryer hookups. Most units also have recently replaced individual water heaters and wall heaters. Additionally, eight of the ten units offer private outdoor patios or yards, a rare and desirable feature for the residents.Whether you're looking to invest for the long term, explore development opportunities, or both, 5631 Sultana offers a unique chance to make your mark in this thriving area.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 07/03/2024

Last Buyer's Agent

Steve Hang

CBD INVESTMENT INC. License #01260352

CBD INVESTMENT INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 97x229

Home Design

  • Split Level Home

Interior Spaces

  • 7,686 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 11 Bathrooms

Parking

  • 17 Car Attached Garage
  • Carport

Utilities

  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Buildings
  • 10 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 5387-028-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One, Multi/Split
  • Street Number Display: Yes
  • Living Area: 7686
  • Lot Acreage: 0.4889
  • Lot Dimensions: 97x229
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 17
  • Total Bathrooms: 11.00
  • Equipment: Gas Dryer Hookup, Range/Oven, Vented Exhaust Fan
  • Price Per S Q F T: 497.66

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Garage Is Detached, Parking Space
  • Total Parking: 17

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 67.04
  • Assessed Improvement Value: 692898
  • Assessed Land Percent: 32.96
  • Assessed Land Value: 340696
  • Total Assessed Value: 1033594
  • Assessor Parcel Number: 5387-028-011
  • Lot Size Area: 22320

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.58
  • Number Of Units: 10
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2024
Sold by
Patricia S Higa Trust and Higa Glenn H
Bought by
5631 Sultana Llc
Current Estimated Value
$3,872,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2015
Sold by
Higa Patricia Srirat
Bought by
Higa Patricia S and Patricia S Higa Trust

Purchase Details

Closed on
Nov 6, 2012
Sold by
Higa Glenn H and Higa Srirat
Bought by
Higa Glenn H and Higa Patricia Srirat
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
5631 Sultana Llc $3,775,000 Ticor Title Company Of Califor
5631 Sultana Llc $3,775,000 Ticor Title Company Of Califor
Higa Patricia S -- None Available
Higa Glenn H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5631 Sultana Llc $1,480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $3,775,000 -1.3% $491 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $3,825,000 -- $498 / Sq Ft
Source: The MLS

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 $15,397 $3,775,000 $1,244,000 $2,531,000
2024 $15,397 $1,054,264 $347,509 $706,755
2023 $15,090 $1,033,594 $340,696 $692,898
2022 $14,263 $1,013,328 $334,016 $679,312
2021 $14,420 $993,460 $327,467 $665,993
2020 $14,248 $983,275 $324,110 $659,165
2019 $13,973 $963,996 $317,755 $646,241
2018 $13,431 $945,095 $311,525 $633,570
2016 $12,810 $908,398 $299,429 $608,969
2015 $12,607 $894,754 $294,932 $599,822
2014 -- $877,228 $289,155 $588,073
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2024

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    2 in this area

    74 Total Sales

    Benjamin Hsiang
    Section Image
  • Steve Hang

    Buyer's Agent in 2024

    Steve Hang

    CBD INVESTMENT INC.

    (626) 446-8999

    2 in this area

    18 Total Sales

    Steve Hang
    Section Image
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Map

Source: The MLS

MLS Number: 24-405477

The MLS

APN: 5387-028-011

California Los Angeles County Temple City 91780

5631 Sultana Ave, Temple City, CA

Not Listed for Sale

MultiFamily

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