RARE FIND! NORTH SIERRA MADRE 12 UNIT BUILDING NESTLED NEAR THE FOOTHILLS AND NEAR THE SIERRA MADRE VILLAGE! FIRST TIME ON THE MARKET IN 34 YEARS. Investors will appreciate this well maintained beautiful apartment complex and location. There are 4 units with 1 bedroom 1 bath with 1 renovated, 8 units with 2 bedrooms and 1 1/2 baths with 3 of the units renovated. Front unit is a 2 bedroom 1 1/2 bath with central heat and air. All the other units have forced central heat and window a/c's. Some of the upgrades have been 7 newer sliding doors and recently upgraded main electrical panel. Roof is a 30 yr. and was replaced around 15 yrs. ago. There has been a recent roof tune up. There are carports and community laundry room for the tenants. Close to Sierra Madre Village, shopping, Pasadena , schools and freeways. Also for sale is the adjacent building at 609 W. Sierra Madre Blvd which consists of 18 units at $7.9 million.
RARE FIND! NORTH SIERRA MADRE 18 UNIT BUILDING FIRST TIME ON THE MARKET IN 47 YEARS! Nestled near the foothill mountains and close to the Sierra Madre Village. This property has been very well maintained and ready to purchase. Investors can appreciate the location and condition. There are 18 total units, 8 large 1 bedroom 1 bath and 10 large 2 bedroom and 1 bath with either a private patio or balcony. 12 of the 18 units have been remodeled with new baths/kitchen, flooring, painting, new appliances, new window a/c's, new windows and sliding doors. Seller has made improvements with newer fencing for downstairs patios, 2 concrete upstairs balconies were redone and all individual electrical boxes were recently upgraded. Roof is a 30 yr and was replaced around 15 yrs ago. CCTV security camera system for the carport area installed by a professional. There is a pool which was remodeled approximately 10 years ago, a community laundry room and carports with storage for the tenants. Close to Pasadena, freeways, schools and shopping. Also for sale is the adjacent 12 unit building at 595 W. Sierra Madre Blvd. for $5.9 Million.
Nestled against the San Gabriel Wilderness, Sierra Court Cottages offers an investor the opportunity to own a unique 15-cottage community spread across eight (8) parcels in Sierra Madre, totaling 31,712 square feet. The 15 cottages are comprised of various configurations, and have been tastefully renovated to maintain the original artistic integrity of the site. Current ownership has spent nearly $1.2 million on capital improvements including new electric, plumbing, roofing, exterior work and landscaping. Current operating expenses are low due to the implementation of resident utility billing (RUBS) across the community, allowing new ownership to operate the asset at a sub 30% expense ratio. The site qualifies for the construction of six (6) ADUs totaling 3,800 square feet of rentable space. Current ownership has begun the planning process and completed a site survey for construction. By adding the six (6) ADUs, new ownership can recognize a return on construction costs of over 260%. Optionally, new ownership could choose to sell each parcel separately, before or after construction of ADUs, to recognize premium ROI.
Courtesy: Keller Williams - Santa Monica
Vintage elegance defines this 1930 Monterey Style Estate. Nestled on a peaceful tree lined street in the desirable Sierra Madre area adjacent to Hastings Ranch, this timeless residence embraces old world charm with modern day amenities. The property encompasses a grand four bedroom home as well as a two bedroom guest house which may be used for generational living or as rental income. The floor plan lends itself to creating one large six bedroom, four bathroom home, if desired by simply adding a doorway between the two. The main home features an elegant entryway, formal living room with Spanish tiled fireplace and dining room with original built-ins, large remodeled kitchen and two separate spacious mountain view balconies. The guest home features an enclosed front porch, living room with brick trimmed fireplace, dining room with original built-ins and remodeled kitchen and bathroom. Both units have separate basements which can also be used as bonus rooms or additional living space. From its breathtaking balcony with views of the San Gabriel mountains, to the serenity of the breezes amongst the tall mature trees, this property takes you to another place. Conveniently located near charming Downtown Sierra Madre and just two miles from the Sierra Madre Villa Metro Station, with dining, shopping and all the amenities you could want nearby.
Sierra Madre is located in California. Sierra Madre, California has a population of 11,061. Sierra Madre is more family-centric than the surrounding county with 34.94% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Sierra Madre, California is $98,547. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Sierra Madre is 46.6 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 36.6 degrees. The average rainfall is approximately 23.5 inches per year, with 0 inches of snow per year.
