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70 Auburn Avenue, Sierra Madre, CA 91024

$2,228,000
$724 per ft²
3,078 Sq Ft
0.2419 Acres
Listing Office: RE/MAX Galaxy
Image 1 of property listing at 70 Auburn Avenue, Sierra Madre, CA 91024California Regional MLS
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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 Agent: WEI BEVERLY ZHANG

License Number: 02101239

Offered by: RE/MAX Galaxy

Office Phone: 909-861-9985

MLS: #WS24097882

California Regional MLS

Date Added: 05/15/2024 12:00:00 am

Last Update: 05/19/2024 12:58:44 am

Days on Market: 5

Interior

  • General: Balcony,Ceiling Fan(s),Attic
  • Appliances: Water Heater
  • Laundry: In Garage
  • Flooring: Tile,Wood
  • A/C: true, Central Air,Wall/Window Unit(s)
  • Heating: true, Central,Wall Furnace
  • Fireplace: Family Room,Living Room, Fireplace
  • Disability Feature: Safe Emergency Egress from Home

Exterior

  • General: Balcony,Rain Gutters
  • Pool: None
  • Parking: Parking spaces: 4

Construction

  • Roofing: Shingle
  • General: Three Or More, Raised

Location

  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Los Angeles

Lot

  • Zoning: SRR3CC*, 5767020026
  • View: Hills,Neighborhood, View
  • Fencing: Wood

Utilities

  • Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Standard
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Source: CRMLS

Property

  • Year Built: 1940
  • Type: Triplex
  • Parcel #: 5767020026

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08/18/2020Sold
08/18/2020$925,000@ 301 per ft²Listed

Listing Broker

Dale Kaiser
1 @
License #: 01297036
Location: Cayucos, CA
Dale Kaiser, President/Owner of Dale Kaiser Real Estate Inc. is an astute businessman with an encyclopedia-like knowledge of San Luis Obispo County beach property and the people who own it. Dale has emerged as the broker of choice most widely associated with the unique coastal properties including Cayucos, Morro Bay, Cambria, and Los Osos. Dale has worked closely with the California Coastal Commission and the County of San Luis Obispo Planning and Building Department for over 40 years giving his clients a distinct advantage that comes from wisdom, experience, and knowledge. Dale lives in Cayucos with his precious daughter Averie and classy canines, Mary Lou & Macho. As your professional real estate advisor, I focus on client satisfaction. My business is about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you get the most out of selling your home I am here to guide you. If there is anything you need, please let me know.

Last Updated: 05/19/2024 12:58:44 am

Offered by: WEI BEVERLY ZHANG, 02101239, 626-922-9910 @ RE/MAX Galaxy

MLS: #WS24097882

Source: California Regional MLS

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