CA > Sierra Madre
Sierra Madre, CA 91024,140 West Sierra Madre Boulevard
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Sierra Madre, CA 91024,140 West Sierra Madre Boulevard
Sierra Madre, CA 91024,140 West Sierra Madre Boulevard
Sierra Madre, CA 91024,140 West Sierra Madre Boulevard
Sierra Madre, CA 91024,140 West Sierra Madre Boulevard
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Cris Epstein

Cris Epstein

+1(818) 269-4377
Listed by Han Chen • Growth Investment Group Pasade
$ 6,780,000
Est. payment /mo
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Active

140 West Sierra Madre Boulevard Sierra Madre, CA 91024

14,111 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 14,111 sqft

Price per Sqft $480

MLS Listing ID AR-25146589

Style Mid Century Modern,Modern

Year Built 1953

Lot Size 0.582 Acres

Property Sub-Type Commercial/Residential

Property Description

140 W Sierra Madre Blvd. & 138 W Sierra Madre Blvd. a.k.a. 147 S Mariposa St., pride-of-ownership commercial retail and apartment in the highly desirable area of the City of Sierra Madre, California. It is in the heart of Sierra Madre downtown, right on Sierra Madre Blvd. The property is surrounded by local mom-and-pop restaurants and other local retail stores. It is several steps away from Sierra Madre Memorial Park, a historic landmark and an immensely popular park for Sierra Madre residents; it houses monuments, tennis courts, playground, covered picnic area, and weekly performances and activity centers. It offers excellent demographics with ?$202,678 of average household income within a mile radius. This strong market provides consistent full occupancy for the commercial and residential units of these properties. Because of its superb location in Sierra Madre Downtown (Sierra Madre Blvd and Baldwin Ave), the property enjoys strong occupancy and high walk score of 89. It is also several lots away from Sierra Madre City Hall, Police Department and other Sierra Madre civil services. 140 W Sierra Madre is a two-story retail/commercial building that has been fully upgraded. It has upgraded electrical, plumbing, roof, exterior paint, and exterior facade. All the units have been upgraded by each tenant providing superb synergies to the local community and providing consistent and stable tenancies for this property. This property consists of 7 tenants, 5 of them are on Net Lease structure while the remaining 2 are on Modified Gross structure. The property was built in 1953, has a total of ?9,169 SF building space and situated on ?10,066 SF CC zoned lot. It has a shared driveway with the 147 Mariposa Ave. Parking is in the back with 12 open spaces (11 + 1 disabled parking). 147 Mariposa Ave is a 5 units value-add two-story garden style apartment that was built in 1936 and has undergone major renovation in recent years. It has a total of ?4,853 SF building area and is situated on a large ?15,296 SF lot. The property has an updated electrical, plumbing, double pane windows throughout, and central HVAC units. The property offers an excellent unit mix with one (1) x 3-bed + 1-bath, three (3) x 2-bed + 1-bath, and one (1) x 1-bed + 1-bath units. The property has 7 separate electrical meters, and it may have a 6-unit before the previous owner combined 2 units into one and made it into a 5 units apartment. The property is not under any local rent control.

Location

State CA

County Los Angeles

Area 656 - Sierra Madre

Zoning SRC1CC*

Interior

Heating Central

Flooring Tile, Vinyl, Wood

Fireplaces Type None

Laundry Common Area, Community

Exterior

Parking Features Asphalt, Assigned, Driveway

Pool None

Community Features Street Lights, Suburban, Valley

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N Yes

View Panoramic, Mountain(s)

Building

Lot Description Level, Level with Street, Lot 20000-39999 Sqft, Near Public Transit, Rectangular Lot

Sewer Public Sewer

agent

Cris Epstein

Advisor | License ID: 01385089

+1(818) 269-4377

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140 West Sierra Madre Boulevard