Active

590 W SIERA MADRE Boulevard

Sierra Madre CA, 91024

$4,900,000


$476.47 per sqft

Active

10,284 sqft

Commercial

Built in 1937

Listed by Nicola Speranta with Compass 626-253-6746

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.

AR24156284

MLS ID

July 31, 2024

Listed

October 8, 2024

Updated

Map

590 W SIERA MADRE Boulevard
Sierra Madre CA, 91024

Interior Features

Total Stories

2


Laundry Description

Washer Hookup, Gas Dryer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.69 Acres


Lot Features

11-15 Units/Acre, Level, Rectangular Lot, Street Level, Walkstreet


Roof

Composition

Other Property Details

Area Name

656 - Sierra Madre


Days on Market

68


Garage

No


Parking Total

10


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

SRRPYY

Listing History

Date

Event

Price

10/7/2024

Price change

$4,900,000

-19%

Listing Contact: 626-696-4800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/8/2024 at 12:51 AM UTC

 

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