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$1,000,000
3 Days On Site

359 N Lima Street
Sierra Madre, CA 91024

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
1,154
SqFt
$867
/SqFt
1947
Built
Subdivision:
Not Applicable
County:
Los Angeles
Listed by Sarah Moore of Engel & Voelkers Pasadena sarah.moore@evrealestate.com
Call Now: 626.825.5599
Is this the listing for you? We can help make it yours.
626.825.5599
359 N Lima Street359 N Lima Street359 N Lima Street359 N Lima Street
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Monthly Payment (Est.)

$4,562
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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

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Listing Snapshot
Price 
$1,000,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,154 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1738 Acres
Year Built 
1947
MLS® Number 
P1-27368
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.1738
Land Lease 
No
Levels 
One
Parking Spaces 
4
Property Sub Type 
Quadruplex
SqFt Total 
1154
Water Source 
Public
Interior Features
Appliances 
Free-Standing RangeGas OvenMicrowaveRefrigerator
Cooling 
Fireplace 
Yes
Heating 
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Exterior Features
Pool Features 
None
Spa Features 
None
View 
None
Waterview 
None
Community Features
Community Features 
Sidewalks
Financing Terms Available 
Cash
MLS Area 
656 - Sierra Madre


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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