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590 W SIERA MADRE Boulevard, Sierra Madre, CA 91024

Commercial property

590 W SIERA MADRE Boulevard, Sierra Madre, CA 91024 Sold November 2024 CRMLS
$4,600,000Sold November 2024

Listing Agent: Nicola Speranta (DRE #01274694) · Listing Office: Compass · Contact: 626-253-6746 · Bought with: Pierre Khabbaz · Partners Plus Realty Inc. · MLS #AR24156284 · Source: CRMLS

10,284
Building Sq Ft
11
Units
$336,563
NOI
30,016 sqft
Lot Size
1937
Year Built
SRRPYY
Zoning
Commercial property
Type

About this commercial property

PRIME LOCATION, PRIME OPPORTUNITY! NESTLED IN THE HEART OF SIERRA MADRE THIS MULTIPLE-UNIT PROPERTY HAS A RARE SETUP WITH 6 HOLLYWOOD BUNGALOWS; 1 FOUR-PLEX WITH A SINGLE APARTMENT ABOVE THE PARKING GARAGES; JUST OVER HALF AN ACRE, 30,016 SQ FT LOT; 10284 SQ FT OF LIVING SPACE; 11 UNITS; 22 BEDROOMS WITH 11 BATHROOMS; ALL UNITS ARE 2 BED WITH 1 BATH; FEATURING AMPLE OFF STREET COVERED PARKING WITH 1 CARPORT ALLOCATED TO EACH UNIT! THE OWNERS HAVE LOVED AND MAINTAINED THIS SPECIAL PROPERTY FOR MORE THAN 40 YEARS! WELL-MAINTAINED UNITS WITH MANY UPDATES AND UPGRADES. ALL UNITS HAVE THEIR OWN WASHER & DRYER HOOK-UP. BEAUTIFULLY LANDSCAPED; THERE IS AMPLE OPPORTUNITY TO ADD VALUE TO THIS PROPERTY. EXCELLENT PRO-FORMA INCOME. NOT ONLY ARE YOU IN DOWNTOWN SIERRA MADRE, BUT YOU ARE ALSO MINUTES FROM HASTINGS RANCH SHOPS AND THE FREEWAY! BUILT-IN 1937. CALL OUR OFFICE FOR DETAILED MEMORANDUM.

Listing description from the November 2024 sale, as reported to CRMLS.

Sale history

$4,600,000
Sold November 2024 · listed $4,900,000, orig. $5,998,000, on market July 2024 · MLS #AR24156284 · Source: CRMLS
Listing Agent: Nicola Speranta · Listing Office: Compass · Contact: 626-253-6746 · Bought with: Pierre Khabbaz · Partners Plus Realty Inc.
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