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$1,150,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 hours ago
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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

  • Price: $1,150,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR26111278
  • Updated: 5/23/2026
  • Days on Market: 1 days
  • Added to Site: 1 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 (Sq. Ft.): 11,310
  • 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.: $819.09
  • Price Per Unit: 575000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 138 W Montecito —

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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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Listed
$1,150,000
66.43%
MLS
5/19/2010
Sold
$691,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 138 W Montecito

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,538
4%
$891,946
4%
2023
$10,175
4%
$857,312
2%
2022
$9,825
4%
$840,503
2%
2021
$9,430
4%
$824,024
1%
2020
$9,058
—
$815,575
2%
2019
$9,077
-2%
$799,584
2%
2018
$9,219
1%
$783,907
2%
2017
$9,127
3%
$768,537
2%
2016
$8,891
2%
$753,468
2%
2015
$8,755
2%
$742,151
2%
2014
$8,573
—
$727,614
—
2013
$8,574
—
$724,326
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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 with 2 units containing 0 bedrooms and 0 full bathrooms. 138 W Montecito is currently listed for $1,150,000 and was received on May 22, 2026. This property is 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.

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