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Key Details
Sold Price $6,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24108781
Sold Date 10/09/24
Bedrooms 8
HOA Y/N No
Lot Size 0.752 Acres
Property Description
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.
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.
Location
State CA
County Los Angeles
Area Sierra Madre (91024)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Parking Features Unit1:Assigned
Pool Below Ground, Community/Common
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $386
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,200
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with NON LISTED AGENT • San Diego