491 W Sierra Madre Boulevard, Sierra Madre, CA 91024

$5,300,000

Property Type: Residential Income Bedrooms: 17 Baths: 17 Square Footage: 12,000 Lot Size (sq. ft.): 40,946 Status: Closed

Current Price: $5,300,000 List Date: 1/14/2019 Last Modified: 4/19/2021

Overview

Description

Great investment opportunity! The Palms Apartments Located in lovely Sierra Madre California. A Non-rent controlled 17-Unit apartment complex on Sierra Madre Blvd. The building is 2 stories with 20 parking spots. Washer and dryer on property.

Listing Details MLS# 219000497

General Property Information

# Bedrooms: 17
Baths - Full: 17
Baths - Total: 17
Approx SqFt: 12000
Lot Acres: 0.94
Lot SqFt: 40946.4
Year Built: 1960
Common Walls: Yes

Property Features

Land Lease Type: Other Special Conditions: Standard Terms: Cash; Conventional Possession: Close of Escrow Lot Location: Hillside; Near Public Transit; Park Nearby View Type: Hills View; Mountain View Disclosures: None Levels: One Entry Location: Ground Level w/Steps Flooring: Other Water Heater Feature: None Financing: Other

Listing Location and Property Info

Entry Date: 2018-10-04
Listing Price: 5500000
Street #: 491
Direction: W
Street Name: Sierra Madre
Suffix: Boulevard
County: Los Angeles
State/Province: CA
Zip Code: 91024
APN/Tax ID: 5768017017
Area: 656 - Sierra Madre
Subdivision/Tract Code: Other
Country: US

Listing Info

Total # of Units in Complex: 17

Property Info

Dwelling Total Floors: 2
Pool: No
Spa: No
Fireplace: No
View: Yes

Status Change Info

Pending Date: 2019-02-25
Closed Date: 2019-03-01
Closed Price: 5300000
Sold Price/SqFt: 441.67

More Information

Units Information

# Separate Electric Meters: 17
# Separate Gas Meters: 17
# Separate Water Meters: 17

HOA 1 Information

HOA: No

Listing, Location and Property Info

Entry Date: 2019-01-14
List Price/SqFt: 458.33
Zip + 4: 2360

Land Lease Type

Other: Yes

Special Conditions

Standard: Yes

Terms

Cash: Yes
Conventional: Yes

Possession

Close of Escrow: Yes

Lease Per Month/Year

Month: Yes

Financing

Other: Yes

Lot Location

City: Yes
Hillside: Yes
Near Public Transit: Yes
Park Nearby: Yes

View Type

Hills View: Yes
Mountain View: Yes

Disclosures

None: Yes

Levels

One: Yes

Entry Location

Ground Level w/Steps: Yes

Flooring

Other: Yes

Water Heater Feature

None: Yes

Parking Spaces/Information

Total Garage Spaces: 0
Total Parking Spaces: 20

Listing Office: RE/MAX Infinity

Listing Agent: Frank Tesoro |

Last Updated: April - 19 - 2021

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. 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.