Sierra Madre CA  home offered at $3,200,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

287 W Grandview Avenue
Sierra Madre, California CA 91024-1759
Sold For: $3,300,000
Listing ID: P1-11473
Price/SqFt: $810.54
Status: Closed
Sold Date: 11/17/2022
SqFt: 3,948 Sq Ft
Acres: 0.902 Acres
Subdivision: Not Applicable
Year Built: 1934

In the same family for three generations, this is a rare opportunity to own one of the city's most charming residential income properties on a lovely, tree studded drive. There are four, free-standing1934-built cottage bungalows (287, 293, 299, 299.5 W. Grandview) consisting of three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit, all on a 23,269 sq. ft. lot, plus a 1958-built single family house with 2 bedrooms and a bath (301 W. Grandview) on its own 16,025 sq. ft. lot. The property has been well maintained and offers possible development potential for ADUs, expansion of the house, or new construction on the expansive house lot. Special features include updated kitchens and baths, in-unit laundry facilities, central air conditioning, and private rear yards (1 bedroom unit offers wall a/c but no private yard), plus partial mountain views in a beautiful residential setting.

Primary Features

County: Los Angeles
Price/SqFt: 810.54
Property Type: Residential Income
Subdivision: Not Applicable
Year Built: 1934
Zoning: SRR175

Interior

Appliances: yes
Appliances: Refrigerator, Gas Range
Average 1 Bed Area: 493
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area: 869
Average 2 Bed Area Units: Square Feet
Common Walls: No Common Walls
Cooling: yes
Cooling Type: Central Air, Wall/Window Unit(s)
Fireplace: no
Fireplace Features: None
Flooring: Carpet, Laminate
Garage Spaces: 4
Heating: yes
Heating Type: Forced Air, Wall Furnace
Inclusions: Stoves and refrigerators.
Laundry: yes
Laundry Features: Individual Room
Spa: no
Spa Features: None

External

Architectural Style: Bungalow, Traditional
Construction Materials: Stucco, Wood Siding
Fence: yes
Fencing: Partial
Lot Size Area: 39294
Lot Size Source: Public Records
Lot Size Square Feet: 39294
Number Of Buildings: 5
Parking: yes
Parking Features: Garage - Single Door, Shared Driveway, Parking Space
Parking Total: 5
Pool Features: None
Private Pool: no
Property Attached: no
Road Frontage Type: City Street
Roof: Composition
Sewer: Public Sewer
View: no
View Type: None
Water Source: Public

Location

Country: US
Direction Faces: South
MLS Area Major: 656 - Sierra Madre

Additional

Assessments: None
Co List Agent State License: 01135433
Co List Office State License: 02014153
Community Features: Suburban
Days On Market: 13
Exclusions: All tenants' personal property.
List Agent State License: 00458783
List Office State License: 02014153
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 5
Number Of Units Total: 5
Parcel Number: 5762029010
Property Condition: Updated/Remodeled
Senior Community: no
Year Built Source: Public Records

Financial

Gross Scheduled Income: 134640
Insurance Expense: 3500
Land Lease: no
Net Operating Income: 75601
Operating Expense: 55000
Professional Management Expense: 6700
Rent Control: no
Special Listing Conditions: Standard
Tax Lot: 10
Tenant Pays: Electricity, Gas
Total Expenses: 55000
Trash Expense: 1800
Vacancy Allowance: 4039
Vacancy Allowance Rate: 3
Water Sewer Expense: 2500

Zoning Info


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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: BillPodley, DRE #00458783 from COMPASS (626) 683-0777

Contact - Listing ID P1-11473

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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