$ 1,000,000
-
$1,000,000
Price -
2
Bed -
5
Bath -
1,154
SqFt
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About the Listing PF137 - P20135
Exceptional investment opportunity in the heart of Sierra Madre! This charming four-unit property, built in 1947, has been meticulously maintained and offers a unique blend of character, versatility, and strong income potential. The property consists of four thoughtfully designed units. Unit A is a studio with one bath, while Unit B features one bedroom, one bath, and an additional bonus space ideal for a home office, art studio, writing retreat, or creative workspace. Units C and D are attached and offer similar flexibility, with Unit C featuring two bedrooms plus bonus space and Unit D offering one bedroom plus bonus space. Units B, C, and D each enjoy private outdoor patios, creating desirable indoor-outdoor living environments for tenants.Long cherished by the current owner as a haven for artists, writers, and creative professionals, the property's bonus spaces provide opportunities for residents to pursue painting, writing, remote work, or other creative endeavors. This unique feature has contributed to the property's strong tenant appeal and consistently high occupancy. An outstanding income-producing asset, the property generates substantial rental revenue and has historically experienced very few vacancies. The seller reports that units have been easy to rent, reflecting the property's desirability and the strong demand for quality housing in this sought-after community. For investors seeking immediate cash flow, the property offers the potential for an attractive return on investment. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or acquire a well-maintained multi-family property with enduring tenant appeal, this distinctive Sierra Madre quadruplex presents a rare opportunity. Based on current income and expenses, the property offers the potential for an attractive cap rate and strong cash flow. Buyers are encouraged to verify all financial information and perform their own due diligence
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
P1-27368
Year Built
1947
Total Square Footage
1,154
Lot/Acreage
0.17
Interior Details
- Bedrooms: 2
- Bathrooms: 5 Full
- Appliances: Free-Standing Range, Gas Oven, Microwave, Refrigerator
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Sewer Tap Paid
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5761018013
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
359 N Lima St Sierra Madre, CA 91024
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