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$2,125,000
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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.
Full Property Details
Full Property Details for 70 Auburn Ave
General
- Sold For: $2,125,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: WS24097882
- Added to Site: 169 day(s) ago
Interior
- Rooms/Areas: Attic, Family Room
- Interior Features: Balcony, Ceiling Fan(s)
- Fireplace(s): Family Room, Living Room
- Appliances: Water Heater
- Flooring: Tile, Wood
Rooms
Other Rooms
- Laundry: In Garage
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Rain Gutters
Parking
- Garage Spaces: 4
Location
- Area: 656 - Sierra Madre
- County: Los Angeles
- Development Name: 656 - Sierra Madre
- Driving Directions: North Baldwin Ave, West on Sierra Madre Blvd, North on Auburn to property.
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Foundation: Raised
- Roof: Shingle
- Entry Location: 1
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 3,078
- Year Built: 1940
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Lot Features
- Property View: Hills, Neighborhood
- Lot Size (Acres): 0.2419
- Lot Size Source: Assessor
- Zoning: SRR3CC*
- Lot Description: Back Yard, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $690.38
- Price Per Unit: 742667
Listed by RE/MAX Galaxy, WEI BEVERLY ZHANG and RE/MAX Galaxy, HECTOR MARQUEZ
Sold by Moran Real Estate Inc., James Moran
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Schools
Schools serving 70 Auburn Ave
School District:Pasadena Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
141 W Highland Ave, Sierra Madre, CA 91024 | PK-8 | 0.1 mi | |
2925 E Sierra Madre Blvd, Pasadena, CA 91107 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 70 Auburn Ave
Date
Details
Price
Change
Source
10/09/2024
Sold
$2,125,000
-4.62%
MLS
5/15/2024
Listed
$2,228,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
70 Auburn Avenue, Sierra Madre, CA 91024 (MLS# WS24097882) is a Multi-Family property that was sold at $2,125,000 on October 09, 2024. Want to learn more about 70 Auburn Avenue? 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.