Exclusively Offered · Temple City, California

9501–9503¾
Garibaldi Avenue

Four Detached 2BD/1BA Units · 21,578 SF Lot · 3 Units Occupied

$1,700,000 Asking Price
3.53% Cap Rate
$59,941 Year 1 NOI
15.0x GRM
4.07% 5-Yr IRR (Yr 5)
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Investment Highlights

A Rare SGV
Multi-Family Opportunity

01
Fully Detached Units — Extremely Rare
Each of the four bungalows is a standalone structure with no shared walls and a private backyard — the privacy and feel of single-family living. This configuration commands premium rents and attracts long-term, high-quality tenants.
02
10–20% Below Market Rents
Current rents of $9,463/mo sit well below the $10,600/mo market rate. California AB 1482 allows increases of 5% + CPI annually on renewals, or full reset to market on vacancy — presenting immediate and ongoing NOI upside.
03
Oversized 21,578 SF Lot
At half an acre, the lot is 2–3× larger than most active comps. The scale unlocks ADU development potential, lot reconfiguration, or long-term repositioning strategies not available to typical 4-plexes.
04
Owner-Occupier Financing Eligible
Up to 4 units qualifies for FHA or conventional owner-occupier financing. Occupy one unit and rent the other three — rental income from three 2BD units substantially offsets the total mortgage payment.
05
Favorable Property Tax Base
The existing Prop 13 tax basis provides a material cost advantage relative to recently-traded assets assessed at current market values — improving effective returns relative to the stated cap rate.
06
Prime Temple City Address
One of the San Gabriel Valley's most desirable communities — top-ranked schools, walkable retail along Las Tunas Drive, and easy freeway access to the 210, 10, and 605. Consistently strong rental demand.
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3,127 Square Feet
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The Numbers
Tell the Story

$59,941 Year 1 NOI
↑ $65,320 by Year 3
3.53% Cap Rate
At $1,700,000
4.07% 5-Year NOI Yield
Unleveraged
15.0x Gross Rent Mult.
Actual rents
$425,000 Price / Unit
4 detached bungalows
$543.65 Price / Bldg SF
3,127 SF rentable
Income
Potential Gross Revenue$116,302
Vacancy Allowance (3%)($3,489)
Effective Gross Revenue$112,813
Operating Expenses
Real Estate Taxes$21,250
Gardening$10,350
Repairs / Supplies$13,396
Water$2,986
Trash$1,340
Insurance$1,550
Miscellaneous$2,000
Total Expenses($52,872)
Net Operating Income$59,941
Less: Capital Reserves (2%)($1,448)
Net Cash Flow$58,742
Unit Type Current Rent Market Rent Status
95012 BD / 1 BA $2,253$2,700 MTM · 17% below
95032 BD / 1 BA $2,376$2,700 MTM · 12% below
9503½2 BD / 1 BA $2,458$2,500 NOW VACANT · Tour-Ready
9503¾2 BD / 1 BA $2,376$2,700 MTM · 12% below
Total $9,463 /mo $10,800 /mo 3 of 4 Occupied
Rent Upside & Owner-Occupier Option
Three units are currently leased month-to-month at 10–20% below market. Unit 9503½ is now vacant and being held tour-ready for a limited period to give a buyer optionality — move in as an owner-occupier, or lease it immediately at the $2,500 market rate. The unit is ready to lease at any time. California AB 1482 allows 5% + CPI increases annually on the occupied units, with full market reset on turnover. With 8% rent growth modeled through 2028, NOI grows to $73,292 by Year 5.
$1,337 Monthly upside gap
$13,644 Annual upside
~3.56% Stabilized cap rate
Market Comparables

How Garibaldi
Stacks Up

Selected from an active set of comparable sales in Temple City and the San Gabriel Valley, all green-highlighted comps represent the most relevant transactions. Recent trades have occurred at cap rates ranging from 4.5% to 6.6%, with price per unit ranging from $283K to $745K and price per square foot from $281 to $711/SF. Garibaldi is offered at $425,000/unit and $544/SF — well-supported by the comp set given its detached configuration, oversized 21,578 SF lot, and immediate rent upside.

Address Status Price Units Price/Unit Price/SF Lot SF
Active & Pending
5837 Oak Ave, Temple City Pending $1,480,0003$493,333$5157,162
5650 Noel Dr, Temple City Pending $1,658,0004$414,500$5827,781
6233 Rosemead, Temple City Pending $1,250,0002$625,000$5116,784
Recent Closed Sales
5001 Glickman Ave, Temple City — 4.5% Cap — most similar Apr 2026 $1,388,0003$462,667$66316,553
9628 Broadway, Temple City — Inferior Apr 2026 $1,900,0005$380,000$40027,242
312 S Pine St, San Gabriel — Price drop Apr 2026 $1,420,0005$284,000$2817,051
930 S Charlotte, San Gabriel Feb 2026 $1,490,0002$745,000$6245,705
5707 Baldwin Ave, Temple City Feb 2026 $1,700,0006$283,333$6009,097
5333 El Monte Ave, Temple City Feb 2026 $1,234,0002$617,000$71110,150
9830 Longden Ave, Temple City — Fully remodeled Jan 2026 $2,210,0003$736,667$61919,602
9501–9503¾ Garibaldi · SUBJECT Asking $1,700,0004 $425,000$54421,578
Market Context

Recent comparable sales in Temple City and the San Gabriel Valley have traded at cap rates between 4.5% and 6.6%, with price per unit ranging from $283,333 to $745,000 and price per square foot from $281 to $711/SF. Garibaldi is offered at $425,000/unit and $544/SF, reflecting a premium for its fully detached configuration, half-acre lot, and immediately leaseable vacant unit — while remaining well within the range of recent market transactions.

Temple City,
San Gabriel Valley

  • 🎓
    Top-Ranked Schools
    Temple City Unified School District consistently ranks among the top 5% statewide — a primary driver of rental demand and tenant quality in this submarket.
  • 🛣️
    Freeway Access
    Minutes from the 210, 10, and 605 freeways — connecting to Pasadena, downtown LA, the San Gabriel Valley employment corridor, and the Inland Empire.
  • 🛍️
    Walkable Retail
    Las Tunas Drive is just blocks away, offering restaurants, cafes, groceries, and everyday conveniences that tenants value.
  • 📈
    Strong Rental Market
    The SGV multi-family market features extremely low vacancy, consistent rent growth, and limited new supply — supporting long-term income stability.
  • 🏙️
    SGV Gateway
    Temple City sits at the center of one of the fastest-growing Asian-American communities in the US, with deep economic and cultural vitality driving sustained demand.

Every Square Foot,
Laid Out

Five individual floor plans — one master site plan and one per unit. Each 2-bedroom / 1-bath bungalow is a fully detached structure with private outdoor space.

Master Floor Plan
Master Floor Plan

Ready to Move
Forward?

Request the full Offering Memorandum with complete financial model, rent roll detail, and 7-year cash flow projections. Or reach out directly to schedule a private showing.

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