359 N Lima Street, Sierra Madre, CA 91024
Local realty services provided by:CENTURY 21 Adams & Barnes
359 N Lima Street,Sierra Madre, CA 91024
$1,000,000
- - Beds
- - Baths
- 1,154 sq. ft.
- Multi-family
- Active
Listed by: sarah moore
Office: engel & voelkers pasadena626-584-0101
MLS#:P1-27368
Source:CRMLS
Price summary
- Price:$1,000,000
- Price per sq. ft.:$866.55
About this home
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. The buyers will need to work with the city to cure any code violations....
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Home facts
- Year built:1947
- Listing ID #:P1-27368
- Added:5 day(s) ago
- Updated:June 04, 2026 at 11:29 AM
Rooms and interior
- Kitchen Description:Free Standing Range, Gas Oven, Microwave, Refrigerator
- Living area:1,154 sq. ft.
Structure and exterior
- Year built:1947
- Building area:1,154 sq. ft.
- Lot area:0.17 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$1,000,000
- Price per sq. ft.:$866.55
Features and amenities
- Appliances:Free Standing Range
Parking
- Total parking spaces:4
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