Homes for sale - 175 S Sierra Madre, Pasadena, CA 91107

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,680,000

Est. payment - /mo

0.37 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25225770

HOA Y/N No

Year Built 1957

Lot Size 0.375 Acres

Property Sub-Type Apartment

Property Description

RARE INVESTMENT OPPORTUNITY. 171-179 S Sierra Madre Blvd, Pasadena, CA 91107. Real Estate Investors & Developers: Opportunity to acquire a Large, five-unit multifamily property on a large 16,134 sq ft lot in a highly desirable southeast side of Pasadena. Zoned RM32, the property offers significant potential, including the possibility of building up to 12 homes (buyer to verify with the city).

Property Highlights:

1) Five units across three separate buildings
2) Front House (175 S Sierra Madre) is a stand-alone Two-Story 2,848 sf Single House with its own driveway. This spacious, bright and airy, 4 bedroom, 2 bath craftsman-style home features a huge living room, family room, office, large kitchen, basement, front and large side yards. Similar single homes in the area are already worth millions of dollars.
3) Back Units: Four units, each with 2 bedrooms and 1 bath, and a dedicated garage.
Two separate driveways for convenient access, one dedicated to the Front House and the other to the rear 4 units.

Income and Development Potential: The property currently has stable, long-term tenants, providing an immediate opportunity to increase cash flow. Situated directly across from the newer Town & Country luxury townhomes, this lot is in a proven and high-demand area for new development.

Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public transportation, including the Metro rail station.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry In Kitchen

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5747004039

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Tommy Thai T2 Realty 626-389-3899

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