Home | Los Angeles County | Sierra Madre | 91024 | 359 N Lima St
MLS: CRP1-27368 | Status: Active | Price: $1,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,572 | 1947 |
Investor and developer opportunity in the highly desirable city of Sierra Madre. This unique property is currently improved with four residential units generating substantial rental income; however, buyers should be aware that the property is zoned R-1 and Los Angeles County Assessor records identify the property as a duplex. The City has indicated that the existing improvements will require correction, and buyers are encouraged to conduct their own investigation regarding permitted uses, approvals, redevelopment options, and compliance requirements.Based on discussions with the City, future use may include a duplex and an ADU, creating an exciting opportunity for investors, builders, and developers to reimagine the property and maximize its potential. The existing improvements include a studio unit, two one-bedroom units, a two-bedroom unit, and several bonus spaces that have historically attracted artists, writers, and creative professionals. The property has a long history of strong rental demand and minimal vacancy, demonstrating the desirability of the location and providing valuable insight into the area's rental market. Situated on a charming residential street in sought-after Sierra Madre, this is a rare chance to acquire a property with immediate income, redevelopment po
| Field | Value |
|---|---|
| MLS # | CRP1-27368 |
| MLS Source | California Regional MLS |
| Days on Site | 25 |
| Feature | Details |
|---|---|
| Appliances | Microwave, Oven - Gas, Oven Range, Refrigerator |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Sarah Moore
Engel & Voelkers Pasadena
License #: 01166814
Phone: (626) 230-6661
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | 4 |
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This listing information is up-to-date as of June 16, 2026. For the most current information, please contact Sarah Moore, (626) 230-6661.