Realty Investment Advisors is excited to present 5631 Sultana, an exclusive 10-unit compound with development potential in prime Temple City. Situated on a sprawling 22,320 square foot lot zoned R3, this property consists of seven structures with an exceptional unit mix featuring one standalone 3-bedroom, 1.5-bath house with a den and huge private yard, five 2-bedroom, 1-bath units (of which two are free standing houses with no shared walls), and four 1-bedroom, 1-bath units.
Offered for the first time in over 38 years, this property represents an extraordinary opportunity to acquire an income-generating asset featuring 17 parking spaces and potential ADU possibilities through garage or carport conversions.
Located just blocks from Camellia Square and the shops and restaurants on Las Tunas Drive, each of the ten units has their own individual washer/dryer hookups. Most units also have recently replaced individual water heaters and wall heaters. Additionally, eight of the ten units offer private outdoor patios or yards, a rare and desirable feature for the residents.
Whether you’re looking to invest for the long term, explore development opportunities, or both, 5631 Sultana offers a unique chance to make your mark in this thriving area.
Business + Real Estate: $7,950,000 Building Size: ~ 8,000 SF Lot Size: 26,485 SF Pumps: 6 MPDs Gasoline (monthly average): 45k / gallons / month ($0.50-$0.60 margin) Market (monthly average): $30k / month (excluding lotto) Mechanic Shop: multiple bays, will be delivered vacant (ideal for owner-user or new tenant)
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• 8-Unit Apartment Community in Prime Silver Lake • Offered at a Current 5.43% Cap Rate • 7 of 8 Units Fully Renovated or Newly Constructed in 2023 • Two New-Construction Units NOT Subject to Rent Control • Modern Unit Interiors with High-End Finishes and In-Unit Laundry • Major Systems Replaced: Electrical, Plumbing, Drain Lines, Windows, Doors • Three-Building Layout with Smooth Stucco Exteriors • Two Buildings with New Roofs • 7 On-Site Parking Spaces • Exceptional Location Near Silver Lake Reservoir and Sunset Boulevard