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
3.86% Cap Rate
$65,590 Year 1 NOI
14.9x GRM
4.43% 5-Yr IRR (Yr 5)
Scroll
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.
Interactive 3D Tour · Powered by Zillow

Walk Every
Square Foot

Experience a fully immersive 360° panoramic tour of all four units. Navigate room to room, measure spaces, and get a true feel for the property before scheduling a showing.

Click to launch 3D virtual tour
Launch 3D Tour
4 Units Captured
360° Panoramic View
3,127 Square Feet
Any Device Mobile · Desktop · VR

The Numbers
Tell the Story

$65,590 Year 1 NOI
↑ $73,872 by Year 3
3.86% Cap Rate
At $1,700,000
4.43% 5-Year NOI Yield
Unleveraged
14.9x 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$113,802
Vacancy Allowance (3%)($3,414)
Effective Gross Revenue$112,813
Operating Expenses
Real Estate Taxes$21,250
Gardening$6,000
Repairs / Supplies$7,886
Water$4,652
Trash$1,378
Insurance$1,632
Miscellaneous$2,000
Total Expenses($44,798)
Net Operating Income$65,590
Less: Capital Reserves (2%)($1,448)
Net Cash Flow$64,278
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 $79,453 by Year 5 · $85,632 by Year 7.
$1,337 Monthly upside gap
$13,644 Annual upside
~3.86% Stabilized cap rate
7-Year Cash Flow Projection · Starting July 1, 2026
Line Item 2027 2028 2029 2030 2031 2032 2033
Potential Gross Revenue $113,802 $120,288 $124,435 $129,730 $135,369 $141,267 $144,621
Vacancy Allowance (3%) ($3,414) ($3,606) ($3,736) ($3,815) ($3,978) ($4,148) ($4,242)
Total Operating Expenses ($44,798) ($45,851) ($46,929) ($48,034) ($49,165) ($50,325) ($51,513)
Net Operating Income $65,590 $70,756 $73,872 $75,315 $79,453 $83,800 $85,632
Capital Reserves ($1,312) ($1,415) ($1,477) ($1,506) ($1,589) ($1,676) ($1,713)
Net Cash Flow $64,278 $69,341 $72,395 $73,808 $77,864 $82,124 $83,920
NOI Yield (Unlev.) 3.86% 4.16% 4.35% 4.43% 4.67% 4.93% 5.04%
Download Full CF Analysis (PDF)

Forward-looking projections only — not guaranteed. 8% rent growth through 2028, 3% thereafter. Based on $1,700,000 purchase price. Andrew Worley, CA DRE #01822979 · eXp Commercial.

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 6.7%, 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 6.7%, 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?

Reach out directly to schedule a private showing or to request additional financial detail on the property.

Due Diligence
Permit History

Full permit history for all four units is available for review on Google Drive.

View Permit History on Google Drive
Listing Agent
Andrew Worley
DRE #01822979 · eXp Commercial
(626) 675-9182 · andrew.worley@expcommercial.com
Get in Touch

Click below to email Andrew directly. Your message will pre-populate with the property address — just add your name, phone, and investor type and hit send.

Email Andrew Directly
Or reach out directly
Andrew Worley · DRE #01822979
eXp Commercial