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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9624 Broadway Temple City, CA 91780-3205

    • Apartment buildings
    • 4,390 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2021
    $2,350,023
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    3.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-9509465
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 9624 Broadway

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    4,390 SF
    Zone code
    TCR105
    Property type
    Apartment buildings
    APN
    8588-023-015
    APU
    8588023015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,140,000
      ML approach
      $2,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,675,000
      Market price range: $624k - $1.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,670,000
      AUTO REPAIR, GARAGE
      $2,030,000
      MEDICAL BUILDING
      $1,995,000
      OFFICE BUILDING
      $1,970,000
      RETAIL STORES
      $1,765,000
      COMMERCIAL (GENERAL)
      $1,355,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Temple City
    County
    Los Angeles
    State
    California
    Longitude
    -118.059
    Latitude
    34.0999
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,880
    $1,533,549
    $911,390
    $2,444,939
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,015,000
      8,700 SF

      4815 Persimmon Ave

      APARTMENT HOUSE (5+ UNITS) • 8,700 SF
      4815 Persimmon Ave, Temple City, CA 91780-4138
      View Details
    • Value Estimation
      $655,000
      5,025 SF

      5525 Sultana Ave

      APARTMENT HOUSE (5+ UNITS) • 5,025 SF
      5525 Sultana Ave, Temple City, CA 91780-2349
      View Details
    • Value Estimation
      $990,000
      7,686 SF

      5631 Sultana Ave

      APARTMENT HOUSE (5+ UNITS) • 7,686 SF
      5631 Sultana Ave, Temple City, CA 91780-2383
      View Details
    • Value Estimation
      $1,145,000
      7,841 SF

      6012 Temple City Blvd

      APARTMENT HOUSE (5+ UNITS) • 7,841 SF
      6012 Temple City Blvd, Temple City, CA 91780-2046
      View Details
    • Value Estimation
      $885,000
      4,739 SF

      5822 Encinita Ave

      APARTMENT HOUSE (5+ UNITS) • 4,739 SF
      5822 Encinita Ave, Temple City, CA 91780-2420
      View Details
    • Value Estimation
      $985,000
      5,216 SF

      9839 Garibaldi Ave

      APARTMENT HOUSE (5+ UNITS) • 5,216 SF
      9839 Garibaldi Ave, Temple City, CA 91780-1713
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Temple City Multifamily Investment Opportunity

      Six-unit multifamily property in Temple City's desirable neighborhood.
      5915 Primrose Ave, Temple City, CA 91780
      View Details
    • New
      $1,488,888
      2,501 SF

      Temple City Multifamily Residence

      Multifamily residence in Temple City with income potential.
      5224 Hallowell Ave, Temple City, CA 91780
      View Details
    • $1,585,000
      3,473 SF

      Temple City Home with Warehouse

      Single-family home with detached warehouse/workshop in Temple City, CA.
      4917 Encinita Ave, Temple City, CA 91780
      View Details
    • $895,000
      1,470 SF

      Remodeled End Unit Townhome

      Completely remodeled 3-bedroom townhome with modern upgrades and convenient location.
      6152 Rosemead Blvd, Temple City, CA 91780
      View Details
    • Contact for pricing
      1,610.00 Acres

      Temple City Land Opportunity

      Land lot in Temple City, sold as is.
      Sultana Ave, Temple City, CA 91780
      View Details
    • $1,350,000
      1,400 SF

      Temple City Medical Office Building

      1,400 SF Medical Office, Fee Simple
      0 Lower Azusa Rd, Temple City, CA 91780
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      3,050 SF

      Contemporary Home Near Temple City

      2013-built home with modern amenities, desirable location, and school district.
      9811 Broadway, Temple City, CA 91780
      View Details
    • $1.70 SF/Yr
      1,810 SF

      Industrial Space in Santa Anita

      Multi-tenant industrial building in Santa Anita Business Park.
      4961 Santa Anita Ave, Temple City, CA 91780
      View Details
    • $1.55 SF/Yr
      400 SF

      Temple City First Floor Office

      First floor office space available for rent in Temple City.
      4957-4959 Santa Anita Ave, Temple City, CA 91780
      View Details
    • $1,000 /Mo
      800 SF

      Retail Space in Temple City

      Retail space featuring three rooms and one restroom in Temple City.
      4817 El Monte Ave, Temple City, CA 91780
      View Details
    • $39 SF/Yr
      7,572 SF

      Rosemead Blvd Retail Spaces Available

      Prime Temple City Retail, Multiple Units
      5570 Rosemead Blvd, Temple City, CA 91780
      View Details
    • $2 SF/Yr
      1,700 SF

      Standalone Office Building For Rent

      Centrally located office building featuring kitchen, restrooms, and parking.
      5644 Rosemead Blvd, Temple City, CA 91780
      View Details
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    9624 Broadway
    Temple City, CA 91780-3205
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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