The subject property is a 3-unit income property located at 5837 Alessandro Avenue in Temple City. Built in 1941 & 1954, the property is comprised of a single-story stand-alone three-bedroom, one bath unit at the front of the property and two two-bedroom, one bath units in the rear. The two rear units are separated from each other by two single car garages and there is an additional two-car garage at the rear of the site.

The city of Temple City is located in the western San Gabriel Valley and is an extremely desirable residential area that is in very high demand. The property is located on a quiet residential street that is just to the south of Las Tunas Drive which is a busy commercial thoroughfare with numerous retail stores and restaurants. The neighborhood surrounding the subject property is made up of a mix of very well-maintained single-family homes and smaller 2-4 unit income properties. The property is in close proximity to Jefferson Middle School, Temple City High School, major support services, transportation corridors, schools and recreational facilities.

Unit #1: 5839 Alessandro Ave. is the front detached unit and is a three-bedroom, one-bath unit of ±1,157 square feet. There is a living room with wood floors and a wood-burning fireplace. The kitchen has a gas stove, vinyl floors, new quartz counters and wood cabinets. The unit also comes with a large storage room off of the kitchen and it has washer/dryer hookups. This unit has a private, fenced front yard and access to the two-car garage at the rear of the property.

Unit #2: 5837 Alessandro Ave. is a two bedroom, one-bath unit of ±720 square feet. The kitchen has a gas oven/stove, vinyl floors, formica counters and wood cabinets. This unit comes with a private patio and a one-car garage with a parking space for a second vehicle in front of the unit.

Unit #3: 5837 1/2 Alessandro Ave. is a two bedroom, one-bath unit of ±720 square feet. The kitchen has a gas oven/stove, vinyl floors, formica counters and wood cabinets. This unit comes with a private patio and a one-car garage with a parking space for a second vehicle in front of the unit.

This property was appraised in April of 2022 for trust purposes and the appraised value came in at $1,450,000. Temple City is a very supply restricted market and small residential income properties such as the subject property are in very high demand.