Seller's Agent in 2025
Pierre Khabbaz
Partners Plus Realty Inc.
(323) 855-5001
2 in this area
29 Total Sales
590 W Sierra Madre Blvd Sierra Madre, CA 91024
2
Beds
1
Bath
10,284
Sq Ft
3,016
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Colonial Architecture
- No HOA
- Sierra Madre Elementary School Rated A-
- Granite Countertops
- 3-minute walk to Milton & Harriet Goldberg Recreation Area
About This Home
As of November 2024PRIME 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.
Last Agent to Sell the Property
Compass Brokerage Phone: 626-253-6746 License #01274694 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937 | Remodeled
Lot Details
- 3,016 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Density is 11-15 Units/Acre
Parking
- 10 Car Garage
Home Design
- Colonial Architecture
- Bungalow
- Raised Foundation
- Composition Roof
- Wood Siding
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 10,284 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
Kitchen
- Gas Oven
- Gas Range
- Granite Countertops
- Tile Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- All Bedrooms Down
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 48 / A
- Assessor Parcel Number 5768023016
- $2,312 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 7 Buildings
- 11 Units
- Foothills
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Insurance Expense $15,214
- Professional Management Expense $12,000
- Trash Expense $6,021
- Water Sewer Expense $7,760
- Operating Expense $41,295
- Gross Income $400,800
- Net Operating Income $359,505
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Rent | $2,800 | 0.0% | -- |
| 11/01/2024 11/01/24 | Sold | $4,600,000 | -6.1% | $447 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $4,900,000 | -18.3% | $476 / Sq Ft |
| 09/18/2024 09/18/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $5,998,000 | -- | $583 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Pierre Khabbaz
-
Nicola Speranta
Seller's Agent in 2024
Nicola Speranta
Compass
(626) 229-2266
6 in this area
106 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24158304
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