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$ 2,680,000
Est. payment /mo
Active
175 S Sierra Madre Pasadena, CA 91107
6,064 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,064 sqft
Price per Sqft $441
MLS Listing ID CRAR25225770
HOA Y/N No
Year Built 1957
Lot Size 0.375 Acres
Acres 0.37
Property Sub-Type Other
Property Description
RARE INVESTMENT OPPORTUNITY. 171-179 S Sierra Madre Blvd, Pasadena, CA 91107. Real Estate Investors & Developers: Opportunity to acquire a Large, five-unit multifamily property on a large 16,134 sq ft lot in a highly desirable southeast side of Pasadena. Zoned RM32, the property offers significant potential, including the possibility of building up to 12 homes (buyer to verify with the city). Property Highlights: 1) Five units across three separate buildings 2) Front House (175 S Sierra Madre) is a stand-alone Two-Story 2,848 sf Single House with its own driveway. This spacious, bright and airy, 4 bedroom, 2 bath craftsman-style home features a huge living room, family room, office, large kitchen, basement, front and large side yards. Similar single homes in the area are already worth millions of dollars. 3) Back Units: Four units, each with 2 bedrooms and 1 bath, and a dedicated garage. Two separate driveways for convenient access, one dedicated to the Front House and the other to the rear 4 units. Income and Development Potential: The property currently has stable, long-term tenants, providing an immediate opportunity to increase cash flow. Situated directly across from the newer Town & Country luxury townhomes, this lot is in a proven and high-demand area for new development
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Wall/Window Unit(s)
Fireplace No
Laundry In Kitchen
Exterior
View Y/N false
View None
Building
Lot Description Front Yard
New Construction No
Others
Tax ID 5747004039
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Listed by Tommy Thai • T2 Realty
