Attention developers, and owner-users! Rare two on a lot opportunity in a prime Sierra Madre location, just one block from charming Old Town Sierra Madre shops, dining, and cafes. Situated on a large 11,310 sq. ft., R3 lot, this unique property features two separate homes with excellent potential to develop possibly 4 PUD units. The front house offers 2 bedrooms, 1 bathroom, and a spacious bonus room off the second bedroom that can easily serve as a 3rd bedroom, nursery, office, den, or flex space. The rear house is a private 1 bedroom, 1 bathroom unit complete with its own large fenced backyard, walk-in closet, wall A/C, and tankless water heater. Both units feature individual laundry rooms with washer and dryer hookups, providing added convenience for tenants or multi-generational living. Property is in need of TLC and presents a fantastic opportunity for buyers looking to renovate, update, and add value in a highly desirable Sierra Madre neighborhood. Large lot offers potential for expansion or future development. Conveniently located near parks, hiking trails, schools, and all that Sierra Madre has to offer. Great opportunity for investors, contractors, or owner-users seeking upside potential in a sought-after location!
Sold for $1,200,000
Listed by: Coldwell Banker Realty • Gary Lorenzini • Contact: 626-445-5500
Bought with: Wetrust Realty
$1,200,000
138 W Montecito Ave, Sierra Madre, CA 91024
3beds
2baths
1,404sqft
Duplex
Built in 1921
-- sqft lot
$1,200,500 Zestimate®
$855/sqft
$3,887 Estimated rent
Home value
$1,200,500
$1.09M - $1.32M
$3,887/mo
Zestimate® history
Owner options
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List your homeWhat's special
Large lotLarge fenced backyardWalk-in closetTankless water heater
Zillow last checked:
Listing updated:
Listed by:
Gary Lorenzini DRE #00552465 626-688-1698,
Coldwell Banker Realty,
Linda Lam DRE #01706282,
Coldwell Banker Realty
Bought with:
Shuyuan Chen, DRE #02095677
Wetrust Realty
Source: CRMLS,MLS#: AR26111278
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Rooms
- Room types: Bonus Room, Bedroom, Laundry, Living Room, Other
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Other
- Features: Walk-In Closet(s)
Heating
- Floor Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Disposal, Tankless Water Heater, Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), In-Law Floorplan, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Walk-In Closet(s)
- Flooring: Vinyl, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Faces Front, Garage, RV Access/Parking
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: ground
- Pool features: None
- Spa features: None
- Fencing: Wood
Lot
- Size: 0.26 Acres
- Features: 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Rectangular Lot, Street Level, Value In Land, Yard
Details
- Additional structures: Two On A Lot
- Parcel number: 5767022021
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Foundation: Raised
- Roof: Composition,Rolled/Hot Mop
Condition
- Fixer
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights
Location
- Region: Sierra Madre
Financial & listing details
- Price per square foot: $855/sqft
- Tax assessed value: $891,946
- Annual tax amount: $10,538
- Date on market: 5/22/2026
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Sold | $1,200,000+4.3%$855/sqft |
Source:  CRMLS #AR26111278 Report a problem | ||
| 6/3/2026 | Pending sale | $1,150,000$819/sqft |
Source: CRMLS #AR26111278 Report a problem | ||
| 6/2/2026 | Contingent | $1,150,000$819/sqft |
Source: CRMLS #AR26111278 Report a problem | ||
| 5/22/2026 | Listed for sale | $1,150,000+48.4%$819/sqft |
Source: CRMLS #AR26111278 Report a problem | ||
| 12/2/2012 | Listing removed | $775,000$552/sqft |
Source: Podley Properties #AR12134524 Report a problem | ||
| 10/31/2012 | Listed for sale | $775,000+12.2%$552/sqft |
Source: Podley Properties #AR12134524 Report a problem | ||
| 6/14/2010 | Sold | $691,000+3.1%$492/sqft |
Source: Public Record Report a problem | ||
| 1/3/2007 | Sold | $670,000$477/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,538 +3% | $891,946 +2% |
| 2024 | $10,236 +0.6% | $874,457 +2% |
| 2023 | $10,175 +3.6% | $857,312 +2% |
| 2022 | $9,825 +4.2% | $840,503 +2% |
| 2021 | $9,430 +4.1% | $824,024 +1% |
| 2020 | $9,058 | $815,575 +2% |
| 2019 | $9,058 -1.8% | $799,584 +2% |
| 2018 | $9,219 | $783,907 +2% |
| 2017 | $9,219 +1% | $768,537 +2% |
| 2016 | $9,127 +2.6% | $753,468 +1.5% |
| 2015 | $8,891 +3.7% | $742,151 +2% |
| 2014 | $8,573 | $727,614 +2.5% |
| 2012 | -- | $710,125 +2.1% |
| 2010 | -- | $695,414 -0.2% |
| 2009 | -- | $697,067 +2% |
| 2008 | -- | $683,400 +2048.8% |
| 2007 | -- | $31,804 +2% |
| 2006 | -- | $31,181 |
| 2005 | -- | $31,181 +4% |
| 2004 | -- | $29,973 +1.9% |
| 2003 | -- | $29,424 +6.1% |
| 2000 | -- | $27,730 |
Find assessor info on the county website
Neighborhood: 91024
Nearby homes
- $--3 bd2 ba-- sqft138 W Montecito Ave #A, Sierra Madre, CA 91024Off Market
- $2,5001 bd1 ba-- sqft138 W Montecito Ave #B, Sierra Madre, CA 91024For Rent
- $1,087,8003 bd2 ba1.8k sqft150 W Montecito Ave, Sierra Madre, CA 91024Off Market
- $942,1002 bd2 ba1.2k sqft47 Auburn Ave, Sierra Madre, CA 91024Off Market
- $1,556,6005 bd4 ba3.3k sqft158 W Montecito Ave, Sierra Madre, CA 91024Off Market
- $1,616,8003 bd3 ba2.2k sqft55 Auburn Ave, Sierra Madre, CA 91024Off Market
- $965,1002 bd1 ba836 sqft27 Auburn Ave, Sierra Madre, CA 91024Off Market
- $767,2001 bd1 ba726 sqft129 W Montecito Ave, Sierra Madre, CA 91024Off Market
Nearby schools
GreatSchools rating
- 8/10Sierra Madre Elementary SchoolGrades: K-5Distance: 0.2 mi
- 8/10Sierra Madre Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Pasadena High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$1,200,500
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Estimated market value
$1,200,500
- California
- Los Angeles County
- Sierra Madre
- 91024
- 138 W Montecito Ave
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