Sierra Madre, CA 91024 590 W SIERA MADRE Boulevard

$5,998,000

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Presented By: Nicola Speranta with Compass; 626-253-6746
  • MLS# AR24156284
  • 07/31/2024
  • Request Tour
  • Request Info
  • SQFT • 10,284

Home Details

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.
Presented By: Nicola Speranta with Compass; 626-253-6746

Interior Features for 590 W SIERA MADRE Boulevard

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 590 W SIERA MADRE Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces10.0
Carport Y/NYes
CitySierra Madre
Construction MaterialsStucco, WoodSiding
CoolingCentralAir
CountyLos Angeles
Current FinancingNone
Days on Market14
DirectionsCROSS STREET OF SOUTH SUNNYSIDE AVENUE
Electric Expense300.0
Expected Active Date 2024-07-31
Garage Y/NNo
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense15214.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet30016.0
Lot Size UnitsSquareFeet
MLS Area656 - Sierra Madre
MaintenanceExpense22942.0
MobileHomeRemainsYNNo
Net Operating Income336563.0
New ConstructionNo
Number of Units Leased11
NumberOfUnitsTotal11
Occupancy TypeOwner
Private PoolNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Trash Expense6021.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
View Y/NNo
Virtual TourClick here
Water Sewer Expense7760.0
Waterfront Y/NNo
Year Built1937
ZoningSRRPYY

Exterior for 590 W SIERA MADRE Boulevard

Building Area Total10284.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions30016
Lot FeaturesItem1115UnitsAcre, Level, RectangularLot, StreetLevel, Walkstreet
Lot Size Acres0.6891
Lot Size Area30016.0
Lot Size SourceAssessor
LotDimensionsSourcePublicRecords
Number of Buildings7
Open Parking Y/NNo
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $5,998,000
MLS#AR24156284
List Date 07/31/2024
Property Type Commercial
Phone 310.658.1749
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