NOT LISTED FOR SALE

69 E Laurel Ave Sierra Madre, CA 91024

10 Beds
9 Baths
5,489 Sq Ft
22,673 Acres

Last Sold December 15, 2021

Last sale price $3,000,000 $547 Per Sq Ft

133 Days on Market

Highlights

  • 22,673 Acre Lot
  • Wood Flooring
  • Cooling Available
  • Sierra Madre Elementary School Rated A-
  • Cottage
  • Park

About This Home

As of December 2021

9 residential units in Sierra Madre (public records reflect 10 units). Walk from Kersting Court. Please do not walk on the property. DRIVE BY ONLY. Offer 'Subject To Inspection.' DO NOT WALK ON THE PROPERTY.

Last Agent to Sell the Property

Norm Haley

Norm Haley Real Estate License #00528924 Listed on: 05/28/2021

Last Buyer's Agent

Norm Haley

Norm Haley Real Estate License #00528924 Listed on: 05/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 22,673 Acre Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • No Sprinklers

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • 5,489 Sq Ft Home
  • Cottage
  • Split Level Home
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling Available
  • Heating Available
  • Sewer Paid

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 430
  • Assessor Parcel Number 5767005024

Community Details

Overview

  • 8 Buildings
  • Foothills

Recreation

  • Park

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,160
  • Insurance Expense $2,900
  • Trash Expense $2,000
  • Water Sewer Expense $4,600
  • New Taxes Expense $44,370
  • Operating Expense $60,000
  • Gross Income $148,620
  • Net Operating Income $88,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4600.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 5767005024
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 545.64

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Total Parking Spaces: 9.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Gutters, Park, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 987635880.00
  • Lot Size Acres: 22673.0000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 148620.00
  • Gross Scheduled Income: 148620.00
  • Insurance Expense: 2900.00
  • Lot Size Area: 22673.0000 Acres
  • Net Operating Income: 88620.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 2
  • Operating Expense: 60000.00
  • Rent Control: Yes
  • Total Expenses: 60000.00

Tax Info

  • New Taxes Expense: 44370.00
  • Tax Lot: 15
  • Tax Tract Number: 430...

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $3,000,000 +0.2% $547 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
09/29/2021 09/29/21 Price Changed $2,995,000 -14.3% $546 / Sq Ft
05/28/2021 05/28/21 For Sale $3,495,000 -- $637 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-4962

Pasadena-Foothills Association of REALTORS®