175 S Sierra Madre

Pasadena , CA 91107

MLS#: AR25225770

$2,680,000

Status: Active
Listing number: AR25225770
Listing provided by: T2 Realty
Listing agent phone: None
Last update: 2 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1957

Sq.Footage

N/A

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.  Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public transportation, including the Metro rail station.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    5

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Features

    Front Yard

  • Lot Size(acres)

    0.3747

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $2,680,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    14

  • Water Source

    Public

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Location

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Listing Courtesy of Tommy Thai , T2 Realty

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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.  Prime Location: This property is located in Southeast side of Pasadena, next to San Marino, just two and a half blocks from Colorado Boulevard, the famous route of the annual Rose Parade. The location offers easy access to a variety of amenities, including grocery stores, retail shops, restaurants, and public transportation, including the Metro rail station.

175 S Sierra Madre

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