359 N Lima Street, Sierra Madre, CA 91024
Local realty services provided by:ERA Excel Realty
359 N Lima Street,Sierra Madre, CA 91024
$1,000,000
- - Beds
- - Baths
- 1,154 sq. ft.
- Multi-family
- Active
Listed by: sarah moore
Office: engel & voelkers pasadena626-584-0101
MLS#:P1-27368
Source:CRMLS
Price summary
- Price:$1,000,000
- Price per sq. ft.:$866.55
About this home
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 potential, and significant upside. Cash buyers, experienced investors, and developers are encouraged to explore the possibilities. Property is being sold in its present AS-IS condition. Buyer to independently verify zoning, permits, square footage, existing use, development potential, and all information relating to the property....
Contact an agent
Home facts
- Year built:1947
- Listing ID #:P1-27368
- Added:20 day(s) ago
- Updated:June 19, 2026 at 10:54 AM
Rooms and interior
- Kitchen Description:Free Standing Range, Gas Oven, Microwave, Refrigerator
- Living area:1,154 sq. ft.
Structure and exterior
- Year built:1947
- Building area:1,154 sq. ft.
- Lot area:0.17 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$1,000,000
- Price per sq. ft.:$866.55
Features and amenities
- Appliances:Free Standing Range
Parking
- Total parking spaces:4
New listings near 359 N Lima Street
- Open Sat, 1 to 4pmNew
$538,000Active1 beds 1 baths494 sq. ft.670 Woodland Drive, Sierra Madre, CA 91024
MLS# P1-27677Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - Coming Soon
$1,348,000Coming Soon3 beds 2 baths300 W Laurel Avenue, Sierra Madre, CA 91024
MLS# AR26133031Listed by: RE/MAX PREMIER PROP ARCADIA - Coming Soon
$1,328,000Coming Soon3 beds 2 baths302 W Laurel Avenue, Sierra Madre, CA 91024
MLS# AR26133058Listed by: RE/MAX PREMIER PROP ARCADIA - Open Sat, 2 to 4pmNew
$2,080,000Active4 beds 3 baths2,296 sq. ft.436 Manzanita, Sierra Madre, CA 91024
MLS# PF26121061Listed by: COLDWELL BANKER - Open Sat, 2 to 4pmNew
$2,080,000Active4 beds 3 baths2,296 sq. ft.436 Manzanita, Sierra Madre, CA 91024
MLS# PF26121061Listed by: COLDWELL BANKER - Open Sat, 2 to 5pmNew
$1,550,000Active6 beds 2 baths2,550 sq. ft.154 Lima Street, Sierra Madre, CA 91024
MLS# AR26130229Listed by: LOTUS PROPERTY SERVICES, INC. - New
$2,039,000Active3 beds 2 baths2,238 sq. ft.206 Oak Meadow Road, Sierra Madre, CA 91024
MLS# 26847625Listed by: BEYCOME BROKERAGE REALTY INC. - New
$995,000Active3 beds 2 baths1,688 sq. ft.527 Santa Anita Court, Sierra Madre, CA 91024
MLS# CV26129940Listed by: RE/MAX OLYMPIC - New
$1,899,000Active4 beds 3 baths2,501 sq. ft.579 Acacia Street, Sierra Madre, CA 91024
MLS# P1-27548Listed by: ARROYO REAL ESTATE - Open Sun, 2 to 4pmNew
$1,398,888Active4 beds 3 baths2,410 sq. ft.700 W Highland Avenue, Sierra Madre, CA 91024
MLS# 26846131Listed by: EQUITY UNION