Listed By:
WEI BEVERLY ZHANG with RE/MAX Galaxy; 626-922-9910
Address
70 Auburn Avenue, Sierra Madre, CA
Price
$ 2,228,000
Property Attributes
  • MLS#WS24097882
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CitySierra Madre
  • AreaSierra Madre
  • Zip91024
  • StyleTriplex
  • Price$ 2,228,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3078
  • Lot Size0.2419 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Located in a highly desirable area, 70 Auburn stands out as a premier multi-family property offering significant investment potential. This property boasts two well-maintained units with stable, communicative tenants, ensuring consistent rental income from the get-go. The landlord’s meticulous attention to maintenance and tenant relations exemplifies the property’s excellent management. Nestled between these dwellings are charming courtyards adorned with citrus and lemon trees, providing a peaceful oasis for relaxation and outdoor enjoyment. The third unit presents a wealth of possibilities, either to be expanded or simply refined with minor touch-ups. An array of supplies for these enhancements is already provided by the current owner, further reducing initial costs for the new investor. Each unit benefits from a fully prepared laundry facility, adding to the convenience for residents and enhancing the property's appeal. Positioned for both residential and entrepreneurial uses thanks to its zoning with an entrepreneurial overlay, 70 Auburn offers numerous development opportunities. Whether looking to capitalize on the existing structure or to explore more extensive redevelopment options, this property caters to a broad spectrum of investment strategies. With its strategic location and versatile potential, 70 Auburn represents a rare opportunity to invest in a property that promises both immediate returns and long-term growth.

Price History
5/16/2024 Listed $2,228,000

General Features

Interior Features Balcony,CeilingFans,Attic
Sewer PublicSewer
Heating Central,WallFurnace
Cooling CentralAir,WallWindowUnits
Utilities CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Roof Shingle
Appliances WaterHeater
Exterior Features Balcony,RainGutters
Zoning SRR3CC*
HOA 0.0
Garage Spaces 4.0
Patio/Porch Features Balcony
Pool Features None
Security Features CarbonMonoxideDetectors,FireSprinklerSystem
Year Built 1940
Electric Standard
Tenant Pays AllUtilities
View Hills,Neighborhood
Levels ThreeOrMore
Property SubType Triplex
Gross Income 0.0
Community Features Curbs
Accessibility SafeEmergencyEgressfromHome
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions North Baldwin Ave,West on Sierra Madre Blvd,North on Auburn to property.
City Sierra Madre
Entry Location 1
View Y/N Yes
Senior Community Y/N No
Total Units 3
MLS Area 656 - Sierra Madre
Lot Size Square Feet 10536.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Street Name Auburn
Listing Terms Cash,CashtoNewLoan,Conventional
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 10
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 11
Virtual Tour https://youtu.be/CNGodKcBB94?feature=shared
Total Actual Rent 5160.0
Property Sub Type Additional Triplex
MobileHomeRemainsYN No

Interior Features

Flooring Tile,Wood
Fireplace Features FamilyRoom,LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing Wood
Lot Features BackYard
Water Source Public
Total Parking 4.0
Lot Size Area 10536.0
Foundation Details Raised
Number of Buildings 3
Spa No
Building Area Total 3078.0
Lot Size Acres 0.2419
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 91024

Price
AVG $4.85M
$2.23M
Visits
AVG 140
54
Data Provided by Inside Real Estate®
Year Built
AVG 1926
1940