483 Sturtevant Drive, Sierra Madre, CA 91024

Local realty services provided by:ERA North Orange County Real Estate
483 Sturtevant Drive,Sierra Madre, CA 91024
$9,500,000
  • 22 Beds
  • 15 Baths
  • 8,400 sq. ft.
  • Multi-family
  • Active
Listed by: douglas steinriede
Office: dover management corp.
MLS#:25557095
Source:CRMLS

Price summary

  • Price:$9,500,000
  • Price per sq. ft.:$1,130.95

About this home

Nestled against the San Gabriel Wilderness, Sierra Court Cottages offers an investor the opportunity to own a unique 15-cottage community spread across eight (8) parcels in Sierra Madre, totaling 31,712 square feet. The 15 cottages are comprised of various configurations and have been tastefully renovated to preserve the original artistic integrity of the site. Current ownership has invested nearly $1.2 million in capital improvements, including new electrical systems, plumbing, roofing, exterior work, and landscaping. Operating expenses are currently low due to the implementation of resident utility billing (RUBS) across the community, allowing new ownership to operate the asset at a sub-30% expense ratio. The site is eligible for the construction of six (6) ADUs, totaling 3,800 square feet of additional rentable space. Current ownership has initiated the planning process and completed a site survey for construction. By adding the six (6) ADUs, new ownership can achieve a return on

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Home facts

  • Year built:1923
  • Listing ID #:25557095
  • Added:787 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:15
  • Living area:8,400 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1923
  • Building area:8,400 sq. ft.
  • Lot area:0.06 Acres

Finances and disclosures

  • Price:$9,500,000
  • Price per sq. ft.:$1,130.95
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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