Sierra Madre, CA 91024,70 Auburn Avenue
Sierra Madre, CA 91024,70 Auburn Avenue
Sierra Madre, CA 91024,70 Auburn Avenue
Sierra Madre, CA 91024,70 Auburn Avenue
Sierra Madre, CA 91024,70 Auburn Avenue
Sierra Madre, CA 91024,70 Auburn Avenue
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$2,125,000

$2,228,000

4.6%
Est.Price: ?

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Est. payment /mo

6 Beds

6 Baths

10,536 Sqft Lot


SOLD DATE : 10/09/2024

Key Details

Sold Price $2,125,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS24097882

Sold Date 10/09/24

Bedrooms 6

HOA Y/N No

Lot Size 10,536 Sqft

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 landlords meticulous attention to maintenance and tenant relations exemplifies the propertys 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.
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 landlords meticulous attention to maintenance and tenant relations exemplifies the propertys 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.

Location

State CA

County Los Angeles

Area Sierra Madre (91024)

Zoning Assessor

Interior

Cooling Central Forced Air, Wall/Window

Building

Lot Description Curbs

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 3 Story

Others

Monthly Total Fees $65

Acceptable Financing Cash, Conventional

Space Rent $3,225

Listing Terms Cash, Conventional

Financing Exchange

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San Diego Regional MLS (SDMLS)
Listed by WEI BEVERLY ZHANG • RE/MAX Galaxy
Bought with James Moran • Moran Real Estate Inc.
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