463 Mariposa Ave - Apartments FOR SALE


Sierra Madre, CA 91024
$2,750,000 USD
310-467-1978
463 Mariposa Ave, Sierra Madre, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/21
null | 4.01% Cap Rate

463 Mariposa Ave
Sierra Madre, CA 91024


HIGHLIGHTS

  • 2 Large Owner Units - 3/2
  • One 3/2 Unit Vacant
  • Lovely Sierra Madre Location
  • Convenient Location: Walkable to parks and quaint downtown Sierra Madre shops & dining

OVERVIEW

Rare opportunity to acquire a 5-unit property in Sierra Madre, a unique small town nestled at the foot of Mt. Wilson in the San Gabriel Valley. Great unit mix with two large owner’s units (one is vacant) with 3 bedrooms and 2 bathrooms. One of these comes with a spacious private outdoor patio. The other units are comprised of two 2/1 apartments and a studio (studio potentially unpermitted, buyer to verify). This well-maintained complex is nicely located, close to parks and downtown Sierra Madre with its shops and restaurants. The property includes 4 carport spaces, a one-car garage, laundry room and workshop. Both owner’s units have laundry in the unit. Convenient to the 210 freeway and close to highly rated public and private schools. The property offers excellent income and sits on a 15,068 square foot lot, possibly allowing for expansion.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$528 USD /SF

# OF UNITS

5

PRICE/UNIT

$550,000

CAP RATE

4.01%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,066 SF

ZONING

Multi-Family R3

APN/PARCEL ID

5768-021-025

ASK ABOUT THIS PROPERTY

Jeff CurtisCR Excellence Property Management, Inc.More Info
310-467-1978

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Jeff CurtisCR Excellence Property Management, Inc.More Info
310-467-1978

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.