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$1,200,000

  • Sold
  • Closed
  • Multi-Family
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Attention developers, and owner-users! Rare two on a lot opportunity in a prime Sierra Madre location, just one block from charming Old Town Sierra Madre shops, dining, and cafes. Situated on a large 11,310 sq. ft., R3 lot, this unique property features two separate homes with excellent potential to develop possibly 4 PUD units. The front house offers 2 bedrooms, 1 bathroom, and a spacious bonus room off the second bedroom that can easily serve as a 3rd bedroom, nursery, office, den, or flex space. The rear house is a private 1 bedroom, 1 bathroom unit complete with its own large fenced backyard, walk-in closet, wall A/C, and tankless water heater. Both units feature individual laundry rooms with washer and dryer hookups, providing added convenience for tenants or multi-generational living. Property is in need of TLC and presents a fantastic opportunity for buyers looking to renovate, update, and add value in a highly desirable Sierra Madre neighborhood. Large lot offers potential for expansion or future development. Conveniently located near parks, hiking trails, schools, and all that Sierra Madre has to offer. Great opportunity for investors, contractors, or owner-users seeking upside potential in a sought-after location!

Full Property Details for 138 W Montecito

General

  • Sold For: $1,200,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR26111278
  • Added to Site: 50 day(s) ago

Interior

  • Rooms/Areas: Walk-In Closet, Laundry, Bonus Room, All Bedrooms Down, Living Room, Main Floor Bedroom
  • Interior Features: Ceiling Fan(s), In-Law Floorplan, Tile Counters
  • Fireplace(s): None
  • Appliances: Water Heater, Disposal, Tankless Water Heater
  • Flooring: Vinyl, Wood

Rooms

Other Rooms

  • Laundry: Inside, Gas Dryer Hookup, Individual Room, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 2
  • Parking Features: Garage, RV Access/Parking, Garage Faces Front, Driveway
  • Parking: Garage, RV Access/Parking, Garage Faces Front, Driveway

Location

  • Area: 656 - Sierra Madre
  • County: Los Angeles
  • Development Name: 656 - Sierra Madre
  • Driving Directions: N/ Sierra madre Blvd; S/ W. Highland Ave; W/ Auburn Ave; E/ Hermosa

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Floor Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Foundation: Raised
  • Roof: Composition, Rolled/Hot Mop
  • Entry Location: ground
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,404
  • Year Built: 1921

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: Two on a Lot

Lot Features

  • Lot Size (Acres): 0.2596
  • Lot Size Source: Builder
  • Lot Description: Level with Street, Rectangular Lot, 2-5 Units/Acre, Front Yard, Lot 10000-19999 Sqft, Back Yard, Lawn, Yard, Value In Land

Financial Considerations

  • Price Per Sq. Ft.: $854.7
  • Price Per Unit: 575000

Meet the listing agents

Meet the listing agents
— 138 W Montecito —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 138 W Montecito

School District:Pasadena Unified School District
NameGradesDistance
Sierra Madre Elementary School
141 West Highland Avenue, Sierra Madre, CA 91024
K-50.2 mi
Sierra Madre Middle School
160 North Ca?on Avenue, Sierra Madre, CA 91024
6-80.7 mi
Pasadena High School
2925 East Sierra Madre Boulevard, Pasadena, CA 91107
9-122.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 138 W Montecito

Date
Details
Price
Change
Source
6/09/2026
Sold
$1,200,000
4.35%
MLS
5/22/2026
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 138 W Montecito

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904 N 1st Ave, Arcadia, CA 91006 - Photo 1 Just Listed
$928,000
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904 N 1st Ave  #D  Arcadia, CA 91006

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126 W Floral Ave  Arcadia, CA 91006

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2230 S 2nd, Arcadia, CA 91006 - Photo 1 Just Listed
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2230 S 2nd  Arcadia, CA 91006

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Listed by Linda Lam (CalRE#: 01706282) (626) 807-6553

Price Reduced near 138 W Montecito

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1049 Don Alvarado, Arcadia, CA 91006 - Photo 1 Price Reduced
-$95,000 (-4.82%)
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1049 Don Alvarado  Arcadia, CA 91006

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Listed by Ash Rizk (CalRE#: 01503342) (626) 393-5695
1006 Arcadia, Arcadia, CA 91007 - Photo 1 Price Reduced
-$40,000 (-4.66%)
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1006 Arcadia  #D  Arcadia, CA 91007

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1128 S 6th Ave, Arcadia, CA 91006 - Photo 1 Price Reduced
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1128 S 6th Ave  Arcadia, CA 91006

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Recent Sales near 138 W Montecito

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87 Auburn, Sierra Madre, CA 91024 - Photo 1 Sold
$1,100,000

87 Auburn  Sierra Madre, CA 91024

  • Multi-Family
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187 Adams, Sierra Madre, CA 91024 - Photo 1 Sold
$1,200,000

187 Adams  Sierra Madre, CA 91024

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    Sq. Ft.
365 W Sierra Madre, Sierra Madre, CA 91024 - Photo 1 Sold
$1,250,000

365 W Sierra Madre  Sierra Madre, CA 91024

  • Single Family
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    Sq. Ft.
288 290 Mariposa Ave, Sierra Madre, CA 91024 - Photo 1 Sold
$1,300,000

288 290 Mariposa Ave  Sierra Madre, CA 91024

  • Multi-Family
  • Closed
Listed by Gary Lorenzini (CalRE#: 00552465) and Linda Lam (CalRE#: 01706282)

138 W Montecito, Sierra Madre, CA 91024 (MLS# AR26111278) is a Multi-Family property that was sold at $1,200,000 on June 09, 2026. This property was listed by Gary Lorenzini from our Arcadia Office.Want to learn more about 138 W Montecito? Do you have questions about finding other Multi-Family real estate for sale in Sierra Madre? You can browse all Sierra Madre real estate or contact a Coldwell Banker agent to request more information.