$4,600,000
$4,900,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
3,014 Sqft Lot
SOLD DATE : 11/01/2024
Key Details
Sold Price $4,600,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24158304
Sold Date 11/01/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1937
Lot Size 3,014 Sqft
Property Description
PRIME LOCATION, PRIME OPPORTUNITY! NESTLED IN THE HEART OF SIERRA MADRE THIS MULTIPLE-UNIT PROPERTY HAS A RARE SETUP WITH 6 HOLLYWOOD BUNGALOWS; 1 FOUR-PLEX WITH A SINGLE APARTMENT ABOVE THE PARKING GARAGES; JUST OVER HALF AN ACRE, 30,016 SQ FT LOT; 10284 SQ FT OF LIVING SPACE; 11 UNITS; 22 BEDROOMS WITH 11 BATHROOMS; ALL UNITS ARE 2 BED WITH 1 BATH; FEATURING AMPLE OFF STREET COVERED PARKING WITH 1 CARPORT ALLOCATED TO EACH UNIT! THE OWNERS HAVE LOVED AND MAINTAINED THIS SPECIAL PROPERTY FOR MORE THAN 40 YEARS! WELL-MAINTAINED UNITS WITH MANY UPDATES AND UPGRADES. ALL UNITS HAVE THEIR OWN WASHER & DRYER HOOK-UP. BEAUTIFULLY LANDSCAPED; THERE IS AMPLE OPPORTUNITY TO ADD VALUE TO THIS PROPERTY. EXCELLENT PRO-FORMA INCOME. NOT ONLY ARE YOU IN DOWNTOWN SIERRA MADRE, BUT YOU ARE ALSO MINUTES FROM HASTINGS RANCH SHOPS AND THE FREEWAY! BUILT-IN 1937. CALL OUR OFFICE FOR DETAILED MEMORANDUM.
Location
State CA
County Los Angeles
Area 656 - Sierra Madre
Zoning SRRPYY
Interior
Interior Features Ceiling Fan(s), Granite Counters, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 10.0
Garage Description 10.0
Fence Average Condition
Pool None
Community Features Curbs, Foothills, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Composition
Total Parking Spaces 10
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level One,Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Colonial
Level or Stories One, Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5768023016
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Pierre Khabbaz • Partners Plus Realty Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "