70 Auburn Avenue Sierra Madre, CA $ 2,228,000
70 Auburn Avenue
$ 2,228,000
Open House 6/8 3pm - 5pm
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70 Auburn Avenue

Sierra Madre, CA, 91024
$ 2,228,000
Bedrooms6 Baths6.0 Sq 3,078

Monthly Estimate*

$ 14,808

Listed by RE/MAX Galaxy
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Multi-Family Home for sale in Sierra Madre, CA

for $2,228,000 with 6 bedrooms and 6 full baths. This 3,078 square foot home was built in 1940 on a lot size of 0.2419.

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.

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Open House

6/8/2024 3:00 PM - 5:00 PM
70 Auburn Avenue Sierra Madre, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 2,228,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.2419

Year Built

1940

Town/City

Sierra Madre

County/Region

Los Angeles

MLS | Web ID

WS24097882

Days on Market

24

Features
General
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 RainGutters
Zoning SRR3CC*
HOA 0.0
Garage Spaces 4.0
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 N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
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 Y
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area 656 - Sierra Madre
Lot Size Units SquareFeet
Lot Size Square Feet 10536.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Auburn
Listing Terms Cash CashtoNewLoan Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
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
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Interior
Flooring Tile Wood
Fireplace Features FamilyRoom LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N N
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Exterior
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 N
Building Area Total 3078.0
Street Suffix Avenue
Lot Size Acres 0.2419
Road Surface Type Paved
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 N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 70
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* Excluded Features
List By
Re/Max Galaxy

Broker

(626) 922-9910

Phone

Affordability Calculator

$14,808
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,808
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$2,228,000 Listed Price

Map


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70 Auburn Avenue, Sierra Madre, CA, 91024 is a Multi-Family Home for sale at $2,228,000 with 3,078 sqft and a lot size of 0.2419. 70 Auburn Avenue has 6 bedrooms, 6.0 baths, and was built in 1940. The property's zip code is 91024 which is in Sierra Madre, CA