590 West Sierra Madre Boulevard

Sierra Madre, CA 91024

$5,998,000
Price
—
Beds
10,284 Sq. Ft.
$583 / Sq. Ft.
10,284
Sq. Ft.
$583
per Sq. Ft.

Description

PRIME LOCATION, PRIME OPPORTUNITY! NESTLED IN THE HEART OF SIERRA MADRE THIS MULTIPLE-UNIT PROPERTY HAS A RARE SETUP WITH 6 HOLLYWOOD BUNGALOWS; 1 FOUR-PLEX WITH A SINGLE APARTMENT ABOVE THE PARKING GARAGES; JUST OVER HALF AN ACRE, 30,016 SQ FT LOT; 10284 SQ FT OF LIVING SPACE; 11 UNITS; 22 BEDROOMS WITH 11 BATHROOMS; ALL UNITS ARE 2 BED WITH 1 BATH; FEATURING AMPLE OFF STREET COVERED PARKING WITH 1 CARPORT ALLOCATED TO EACH UNIT! THE OWNERS HAVE LOVED AND MAINTAINED THIS SPECIAL PROPERTY FOR MORE...PRIME LOCATION, PRIME OPPORTUNITY! NESTLED IN THE HEART OF SIERRA MADRE THIS MULTIPLE-UNIT PROPERTY HAS A RARE SETUP WITH 6 HOLLYWOOD BUNGALOWS; 1 FOUR-PLEX WITH A SINGLE APARTMENT ABOVE THE PARKING GARAGES; JUST OVER HALF AN ACRE, 30,016 SQ FT LOT; 10284 SQ FT OF LIVING SPACE; 11 UNITS; 22 BEDROOMS WITH 11 BATHROOMS; ALL UNITS ARE 2 BED WITH 1 BATH; FEATURING AMPLE OFF STREET COVERED PARKING WITH 1 CARPORT ALLOCATED TO EACH UNIT! THE OWNERS HAVE LOVED AND MAINTAINED THIS SPECIAL PROPERTY FOR MORE THAN 40 YEARS! WELL-MAINTAINED UNITS WITH MANY UPDATES AND UPGRADES. ALL UNITS HAVE THEIR OWN WASHER & DRYER HOOK-UP. BEAUTIFULLY LANDSCAPED; THERE IS AMPLE OPPORTUNITY TO ADD VALUE TO THIS PROPERTY. EXCELLENT PRO-FORMA INCOME. NOT ONLY ARE YOU IN DOWNTOWN SIERRA MADRE, BUT YOU ARE ALSO MINUTES FROM HASTINGS RANCH SHOPS AND THE FREEWAY! BUILT-IN 1937. CALL OUR OFFICE FOR DETAILED MEMORANDUM.

Listing Agent

  1. Nicola Speranta

    Nicola Speranta

    Listing Agent

    Compass

    DRE #01274694

Property Details for 590 West Sierra Madre Boulevard

Architectural Style
Bungalow, Colonial
Parking Spaces Total
10
Private Pool
No
Cooling Type
Central
Total Units
11.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
30016
LISTING UPDATED: 08/14/2024 04:14 AM

Property Details for 590 West Sierra Madre Boulevard

StatusActive
MLS #AR24156284
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1937
Lot Size0.69 AC / 30,016 SF
CountyLos Angeles County

Virtual Tour

Building Information for 590 West Sierra Madre Boulevard

Stories2Residences-Year Built1937Building Size-Lot Size0.69 AC / 30,016 SF

Property Information for 590 West Sierra Madre Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $400,800
  • Gross Scheduled Income: $400,800
  • Net Operating Income: $336,563
  • Current Financing: None
Expense Details
  • Operating Expense: $56,541
  • Electric Expense: $300
  • Insurance Expense: $15,214
  • Maintenance Expense: $22,942
  • Professional Management Expense: $12,000
  • Trash Expense: $6,021
  • Water Sewer Expense: $7,760
  • Total Expenses: $64,237
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: N/A
  • Tax Census Tract: 4305.02
  • Tax Lot: 48
Community / Development
Community / Development
  • Community Features: Curbs, Foothills, Sidewalks, Storm Drains, Street Lights
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Equipment: Gas Dryer Hookup, Washer Hookup
  • Interior Features: Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Tile Counters
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Water Heater Features: Gas
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 11-15 Units/Acre, Level with Street, Rectangular Lot, Level, Walkstreet
  • Land Use: Multi-Family
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking Garage Spaces: 10
  • Carport Spaces: 10
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 10
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $21,425
  • Unit Type Total Rent: $21,424
  • Unit Type Pro Forma: 33400
  • Unit Type Area: 10284
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: HOLLYWOOD BUNGALOWS AND FOUR-PLEX
Unit Information
  • Number Of Units Leased: 11
  • Rent Controlled: Yes
  • Number Of Buildings: 7
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1

Property History for 590 West Sierra Madre Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 590 West Sierra Madre Boulevard

Taxable ValueLand$597,688Additions$730,552Total$1,328,240
Tax Record2023$17,082 ($1,423 / month)
Home Facts
Total Finished SqFt10,284 SqFtAbove Grade Finished SqFt10,284 SqFtLot Size28,722 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningSRRPYYCountyLOS ANGELESAPN5768-023-016

Schools near 590 West Sierra Madre Boulevard

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Sierra Madre Elementary School
PublicK to 5

Sierra Madre Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Field (Eugene) Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

590 West Sierra Madre Boulevard is a mixed use property for sale in Sierra Madre, CA 91024. This property was listed for sale on July 31, 2024 by Compass, it's currently listed at $5,998,000. This listing's school district is Pasadena Unified School District. Nearby schools include Sierra Madre Elementary School, Sierra Madre Middle School and Pasadena High School. 590 West Sierra Madre Boulevard is a 0-bed, 0-bath, 10,284 sqft mixed use property built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nicola Speranta, DRE #01274694

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.