Investor Opportunity - Two Detached Homes on One Lot
Rare opportunity to acquire two detached single-family residences on one lot in a prime, centrally located area near shopping, dining, transportation, and within the Temple City School District. The property sits on an expansive approximately 9,178 sq. ft. lot and has been extensively improved, making it well-suited for long-term hold investors, 1031 exchange or owner-occupant/investor strategies.
The rear residence (5827 Oak Ave) offers 3 bedrooms and 2 bathrooms with approximately 1682 sq. ft. of living space plus garage of approx. 400 sq.ft.. Improvements include a furnace replacement (2020), installation of locking caps, new copper line set and cover (2023), and a new roof installed in 2025. Central air conditioning was updated in August 2020. The home features an open living/dining area with fireplace, private yard, and 2-car garage.
* 5827 is Currently tenant-occupied at $3,700/month -Lease in place through 06/30/2027 (great tenants in place since 07/14/2018)
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The front residence (5829 Oak Ave) is a Spanish-style home, offering 2 bedrooms and 1.5 bathrooms with approximately 1,224 sq. ft. of living space, plus garage of approx. 400 sq. ft. Notable improvements include roof underlayment and metal flashing, custom laminate kitchen countertops, new walk-in shower, interior and exterior painting, new vinyl plank flooring throughout, ventilation upgrades, subfloor and foundation reinforcement, replacement of the main water line with new shutoff valves, and a new water heater (2026), and garage has new roof in 2025. The home also includes central air, a living room with fireplace, separate dining area, and a 2-car garage with private courtyard. Currently for rent on Zillow for $3290/month.
Total documented improvements: approximately $94,431, reflecting substantial investment in major systems, structural components, and interior upgrades across both homes.
Both residences are in above-average condition and offer dual income potential with strong long-term tenancy and reduced near-term capital expenditure requirements.
A rare multi-home asset in a desirable location and ideal for buy-and-hold investors or portfolio expansion.
