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70 Auburn Avenue

Sierra Madre, CA 91024

$2,228,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1940

calendar_month Built

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 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.

Listing Information

List Price $2,228,000
Status Pending
MLS WS24097882
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1940
Lot Size 10,536
Structure Size N/A
DOM 41
Courtesy Of RE/MAX Galaxy
Listing Agent WEI BEVERLY ZHANG DRE#02101239
Co-Listing Agent HECTOR MARQUEZ DRE#01978541

Interior Features

Laundry Information
Location(s) In Garage
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Tile, Wood
Fireplace Information
Features Family Room, Living Room
Additional Information
Additional Features Balcony, Ceiling Fan(s), Attic
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

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king_bed N/A
shower N/A
straighten N/A
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Listing information courtesy of: WEI BEVERLY ZHANG, HECTOR MARQUEZ, RE/MAX Galaxy . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 12th, 2024 at 12:54 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.