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5033 Templeton St
5033 Templeton St, Los Angeles, CA 90032
Available Now
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FOR SALEMultifamily / Apartments Building
Cap Rate
6.16%
NOI
$98,601
Building Size
7,004SF
Lot Size
8862SF
Year Built
1965
Zoning
LARD3
Listing Contacts
More property details
Currently Leased
No
No of Buildings
1
No of Stories
2
Units
9
Location
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5033 Templeton St
About the location
Marcus & Millichap is pleased to present a nine-unit apartment property located at 5033 Templeton Street in Los Angeles, California. The asset is situated in a desirable El Sereno location, south of Huntington Drive and east of Eastern Avenue, within a strong Eastside residential submarket.
Location highlights
- This well-located El Sereno offering features an efficient all–two-bedroom unit mix, aligning with current tenant demand and offering significant rental upside in excess of 50%. The property provides strong fundamentals, including full on-site parking with an excellent opportunity to convert existing spaces into multiple ADUs. Recent capital improvements enhance the asset’s stability and reduce near-term expenses, including a completed soft-story seismic retrofit in 2019, replacement of all unit and laundry room electrical subpanels in 2023, and a new roof installed in 2024. The gated and secure property includes an on-site laundry facility for added tenant convenience.
- The property benefits from excellent access to major commercial corridors such as Alhambra Avenue, Huntington Drive, and Fremont Avenue, along with immediate connectivity to the 710, 10, 110, 60, and 5 freeways. With its strong location, substantial rental upside, and recent improvements, this asset represents a compelling value-add investment opportunity in one of Los Angeles’ rapidly improving Eastside submarkets.