$6,000,000
$7,900,000
24.1%For more information regarding the value of a property, please contact us for a free consultation.
0.75 Acres Lot
SOLD DATE : 10/09/2024
Key Details
Sold Price $6,000,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24108781
Sold Date 10/09/24
HOA Y/N No
Year Built 1956
Lot Size 0.751 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.
Location
State CA
County Los Angeles
Area 656 - Sierra Madre
Zoning SRRPYY
Interior
Interior Features Balcony, Ceiling Fan(s), Granite Counters, Living Room Deck Attached, Recessed Lighting, Solid Surface Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Garage Assigned, Carport, Detached Carport
Carport Spaces 18
Pool Community, Gunite, In Ground
Community Features Curbs, Street Lights, Sidewalks, Park, Pool
Parking Type Assigned, Carport, Detached Carport
Total Parking Spaces 18
Private Pool No
Building
Lot Description Front Yard, Landscaped, Near Park, Sprinkler System, Walkstreet, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5768015020
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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Bought with Alexander Metaxas • Realty Investment Advisors, Inc.