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70 Auburn Avenue

Sierra Madre, CA 91024
  • $2,228,000
  • STATUS: Active
  • ON SITE: 6 Days
  • ID#: WS24097882
Open House
UPDATED: 131 min ago
$2,228,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Wei Beverly Zhang of RE/MAX Galaxy (909-861-9985) and Hector Marquez of RE/MAX Galaxy(909-861-9985)


Description

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 landlords meticulous attention to maintenance and tenant relations exemplifies the propertys 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-22T07:30:11.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/150565586
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70 Auburn Avenue Sierra Madre, CA 91024

  • Price: $2,228,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 131 min ago
  • ID#: WS24097882
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1940
Built
Neighborhood:
656 - Sierra Madre
County:
Los Angeles
Area:
656 - Sierra Madre
Property Description
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 landlords meticulous attention to maintenance and tenant relations exemplifies the propertys 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.
Exterior Features

Entry Level 1 Entry Location 1 Exterior Features BalconyRain Gutters Fencing Wood Foundation Details Raised Lot Features Back Yard Number Of Separate Electric Meters 3 Parking Total 4 Patio And Porch Features Balcony Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View HillsNeighborhood View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress from Home Appliances Water Heater Common Walls No Common Walls Cooling Central AirWall/Window Unit(s) Cooling YN Yes Fireplace Features Family RoomLiving Room Fireplace YN Yes Flooring TileWood Heating CentralWall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(s)Attic

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features In Garage Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 0 Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Fire Sprinkler System Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5160 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning SRR3CC*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-22T07:30:11.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Wei Beverly Zhang of RE/MAX Galaxy (909-861-9985) and Hector Marquez of RE/MAX Galaxy(909-861-9985)