$4,550,000
$5,900,000
22.9%For more information regarding the value of a property, please contact us for a free consultation.
0.43 Acres Lot
SOLD DATE : 02/19/2025
Key Details
Sold Price $4,550,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24109022
Sold Date 02/19/25
HOA Y/N No
Year Built 1961
Lot Size 0.435 Acres
Property Sub-Type Apartment
Property Description
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 are 16 carports and community laundry room for the tenants. Individual gas and electric meters. Landlord pays water & trash. Close to Sierra Madre Village and park, shopping, Pasadena , schools and freeways. BACK ON MARKET! NO FAULT OF THE SELLER.
APARTMENT "E" WHICH IS A 2 BEDROOM 1 1/2 BATHS IS VACANT AND CURRENTLY BEING REMODELED. CONSTRUCTION IS ALMOST COMPLETE AND THE RENT WILL BE $2,850 A MONTH WITH A 1YR LEASE
Location
State CA
County Los Angeles
Area 656 - Sierra Madre
Zoning SRRPYY
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Covered, Carport, Detached Carport
Carport Spaces 16
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description Front Yard, Lawn, Landscaped, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5768015019
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard, Trust
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
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
Bought with Alexander Metaxas • Realty Investment Advisors, Inc.
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