Sierra Madre, CA 91024,70 Auburn Avenue
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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

$2,125,000

Est. payment /mo

$2,228,000

4.6%
Est.Price: ?

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70 Auburn Avenue Sierra Madre, CA 91024

6 Beds

SOLD DATE : 10/09/2024

Key Details

Sold Price $2,125,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS24097882

Sold Date 10/09/24

Bedrooms 6

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North Baldwin Ave, West on Sierra Madre Blvd, North on Auburn to property.

Interior

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

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MLS Router / San Diego MLS
Listed by WEI BEVERLY ZHANG RE/MAX Galaxy
Bought with James Moran Moran Real Estate Inc.
Glen Henderson

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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