Description

We are pleased to present a nine (9) unit apartment building located at 5033 Templeton St in Los Angeles, California. The subject property is located in a great El Sereno location, south of Huntington Dr and east of Eastern Ave. This well-positioned El Sereno offering features a streamlined all two-bedroom unit mix, making it highly attractive to today's tenant base while providing significant rental upside of more than 50%. The property delivers strong fundamentals, including nine (9) on-site parking spaces with an ideal opportunity to convert spaces into multiple ADUs. Recent capital improvements such as the 2019 soft-story retrofit, 2023 replacement of all unit and laundry room electric subpanels, and a 2024 roof replacement provide investors with immediate peace of mind and reduced expenses. The building is gated and secure and features an on-site laundry facility. Its strategic location offers dominant access to nearby commercial corridors such as Alhambra Avenue, Huntington Drive, and Fremont Avenue, along with immediate connectivity to the 710, 10, 110, 60, and 5 freeways, making this an exceptional value-add opportunity in a rapidly improving submarket. The property's great El Sereno location, substantial rental upside, and recent improvements make it a standout value-add investment in one of the Eastside's most compelling submarkets.