483 Sturtevant Drive, Sierra Madre, CA 91024

Local realty services provided by:ERA Excel Realty
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:742 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnance

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
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