$ 2,125,000 $ 2,228,000 4.6%

70 Auburn AVE

Sierra Madre, CA 91024

  • 10,537 Lot Size
  • 1940 Year Built
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.
Listed by RE/MAX Galaxy , Sold By Moran Real Estate Inc.

PROPERTY DETAIL

  • Key Details

    Sold Price $2,125,0004.6%

    Property Type Multi-Family

    Sub Type Triplex

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID WS24097882

    Sold Date 10/09/24

    HOA Y/N No

    Year Built 1940

    Lot Size 10,537 Sqft

    Property Sub-Type Triplex

  • Location

    State CA

    County Los Angeles

    Area 656 - Sierra Madre

    Zoning SRR3CC*

  • Building

    Lot Description Back Yard

    Story 2

    Entry Level Three Or More

    Foundation Raised

    Sewer Public Sewer

    Water Public

    Level or Stories Three Or More

    New Construction No

  • Interior

    Interior Features Balcony, Ceiling Fan(s), Attic

    Heating Central, Wall Furnace

    Cooling Central Air, Wall/Window Unit(s)

    Flooring Tile, Wood

    Fireplaces Type Family Room, Living Room

    Fireplace Yes

    Appliance Water Heater

    Laundry In Garage

  • Exterior

    Exterior Feature Rain Gutters

    Garage Spaces 4.0

    Garage Description 4.0

    Fence Wood

    Pool None

    Community Features Curbs

    Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    View Y/N Yes

    View Hills, Neighborhood

    Roof Type Shingle

    Accessibility Safe Emergency Egress from Home

    Total Parking Spaces 4

    Private Pool No

  • Others

    Senior Community No

    Tax ID 5767020026

    Security Features Carbon Monoxide Detector(s),Fire Sprinkler System

    Acceptable Financing Cash, Cash to New Loan, Conventional

    Listing Terms Cash, Cash to New Loan, Conventional

    Financing Trade

    Special Listing Condition Standard

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CONTACT

Beverly & Hector Team
Beverly & Hector Team

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