Sierra Madre, CA 91024 70 Auburn Avenue

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Presented By: WEI BEVERLY ZHANG with RE/MAX Galaxy; 626-922-9910
  • MLS# WS24097882
  • 05/15/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 3,078
  • GarageGarage • 4

Home Details

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.
Presented By: WEI BEVERLY ZHANG with RE/MAX Galaxy; 626-922-9910

Interior Features for 70 Auburn Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesFamilyRoom, LivingRoom
Fireplace Y/NYes
FlooringTile, Wood
Heating Y/NYes
Laundry FeaturesInGarage
Total Stories2

Other Rooms

Entry Level1

General for 70 Auburn Avenue

AccessibilitySafeEmergencyEgressfromHome
Additional Parcels Y/NNo
AppliancesWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySierra Madre
Community FeaturesCurbs
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Days on Market24
DirectionsNorth Baldwin Ave, West on Sierra Madre Blvd, North on Auburn to property.
ElectricStandard
Electric Expense0.0
Entry Location1
Exterior FeaturesRainGutters
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesBalcony, CeilingFans, Attic
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet10536.0
Lot Size UnitsSquareFeet
MLS Area656 - Sierra Madre
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal3
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Security FeaturesCarbonMonoxideDetectors, FireSprinklerSystem
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot11
Tenant PaysAllUtilities
Total Actual Rent5160.0
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewHills, Neighborhood
View Y/NYes
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1940
Year Built SourceAssessor
ZoningSRR3CC*

Exterior for 70 Auburn Avenue

Building Area Total3078.0
Crops Included Y/NNo
FencingWood
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard
Lot Size Acres0.2419
Lot Size Area10536.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters2
Open Parking Y/NNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,228,000
MLS#WS24097882
List Date 05/15/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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