USACASierra MadreNot Applicable359 N Lima St

New

$1,000,000

For Sale

6 days ago

359 N Lima St, Sierra Madre, CA

Name: 359 N Lima St, For Sale in Sierra Madre - eXp Realty
Brand: Engel & Voelkers Pasadena
SKU: P1-27368
Price: 1000000 USD

House

MLS® P1-27368

0 Bed

0 Bath

4 Parking

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 6

Lot Size

Approx. Age 1947

MLS® Number P1-27368

Property Address: 359 N Lima St, Sierra Madre, CA, 91024-1057

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberP1-27368

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1947

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 29, 2026List Date

$1,000,000List Price

Commute

Commute

Starting Address

Destination Address

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