140 138 W Sierra Madre BLVD Sierra Madre, CA 91024
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25146589
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1953
Lot Size 0.582 Acres
Property Sub-Type Mixed Use
Property Description
140 W Sierra Madre is a two-story retail/commercial building that has been fully upgraded. It has upgraded electrical, plumbing, roof, exterior paint, and exterior façade. All the units have been upgraded by each tenant providing superb synergies to the local community and providing consistent and stable tenancies for this property. This property consists of 7 tenants, 5 of them are on Net Lease structure while the remaining 2 are on Modified Gross structure. The property was built in 1953, has a total of ±9,169 SF building space and situated on ±10,066 SF CC zoned lot. It has a shared driveway with the 147 Mariposa Ave. Parking is in the back with 12 open spaces (11 + 1 disabled parking).
147 Mariposa Ave is a 5 units value-add two-story garden style apartment that was built in 1936 and has undergone major renovation in recent years. It has a total of ±4,853 SF building area and is situated on a large ±15,296 SF lot. The property has an updated electrical, plumbing, double pane windows throughout, and central HVAC units. The property offers an excellent unit mix with one (1) x 3-bed + 1-bath, three (3) x 2-bed + 1-bath, and one (1) x 1-bed + 1-bath units. The property has 7 separate electrical meters, and it may have a 6-unit before the previous owner combined 2 units into one and made it into a 5 units apartment. The property is not under any local rent control.
Location
State CA
County Los Angeles
Area 656 - Sierra Madre
Zoning SRC1CC*
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Range Hood
Laundry Common Area
Exterior
Parking Features Assigned, Asphalt, Driveway
Fence Wrought Iron
Pool None
Community Features Street Lights, Suburban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Panoramic
Roof Type Asbestos Shingle,Flat
Total Parking Spaces 18
Private Pool No
Building
Lot Description Level, Near Public Transit, Rectangular Lot, Street Level
Faces North
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern, Modern
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5767024012
Energy Description 5400.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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