Located in a highly desirable area, 70 Auburn stands out as a premier multi-family property offering significant investment potential. This property boasts two well-maintained units with stable, communicative tenants, ensuring consistent rental income from the get-go. The landlord’s meticulous attention to maintenance and tenant relations exemplifies the property’s excellent management.
Nestled between these dwellings are charming courtyards adorned with citrus and lemon trees, providing a peaceful oasis for relaxation and outdoor enjoyment. The third unit presents a wealth of possibilities, either to be expanded or simply refined with minor touch-ups. An array of supplies for these enhancements is already provided by the current owner, further reducing initial costs for the new investor.
Each unit benefits from a fully prepared laundry facility, adding to the convenience for residents and enhancing the property's appeal. Positioned for both residential and entrepreneurial uses thanks to its zoning with an entrepreneurial overlay, 70 Auburn offers numerous development opportunities. Whether looking to capitalize on the existing structure or to explore more extensive redevelopment options, this property caters to a broad spectrum of investment strategies.
With its strategic location and versatile potential, 70 Auburn represents a rare opportunity to invest in a property that promises both immediate returns and long-term growth.
Sold for $2,125,000
Listed by: RE/MAX Galaxy • WEI BEVERLY ZHANG • Contact: 626-922-9910
Bought with: Moran Real Estate Inc.
$2,125,000
70 Auburn Ave, Sierra Madre, CA 91024
6beds
6baths
3,078sqft
Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$690/sqft
$4,629 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,629/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
WEI BEVERLY ZHANG DRE #02101239 626-922-9910,
RE/MAX Galaxy,
HECTOR MARQUEZ DRE #01978541 714-336-9906,
RE/MAX Galaxy
Bought with:
James Moran, DRE #01425464
Moran Real Estate Inc.
Source: CRMLS,MLS#: WS24097882
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Rooms
- Room types: Attic, Family Room
Heating
- Central, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Water Heater
- Laundry: In Garage
Features
- Balcony, Ceiling Fan(s), Attic
- Flooring: Tile, Wood
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,078
- Total interior livable area: 3,078 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Hills, Neighborhood
Lot
- Size: 10,536 Square Feet
- Features: Back Yard
Details
- Parcel number: 5767020026
- Zoning: SRR3CC*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Foundation: Raised
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
- Security: Carbon Monoxide Detector(s), Fire Sprinkler System
Location
- Region: Sierra Madre
Financial & listing details
- Price per square foot: $690/sqft
- Tax assessed value: $1,229,877
- Annual tax amount: $13,928
- Date on market: 5/15/2024
- Cumulative days on market: 41 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 5160
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2024 | Sold | $2,125,000-4.6%$690/sqft |
Source:  CRMLS #WS24097882 Report a problem | ||
| 9/12/2024 | Pending sale | $2,228,000+89.6%$724/sqft |
Source: CRMLS #WS24097882 Report a problem | ||
| 2/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/20/2020 | Listing removed | $3,000$1/sqft |
Source: Owner Report a problem | ||
| 3/3/2020 | Listed for rent | $3,000+140%$1/sqft |
Source: Owner Report a problem | ||
| 5/22/2018 | Sold | $1,175,000+27%$382/sqft |
Source:  CLAW #18332850 Report a problem | ||
| 4/27/2018 | Pending sale | $925,000$301/sqft |
Source: Coldwell Banker Residential Brokerage - Downtown Los Angeles #18-332850 Report a problem | ||
| 4/16/2018 | Listed for sale | $925,000$301/sqft |
Source: Coldwell Banker Residential Brokerage #18332850 Report a problem | ||
| 11/16/2011 | Listing removed | $1,250 |
Source: Century 21 Village Realty #A11148435 Report a problem | ||
| 11/14/2011 | Listed for rent | $1,250 |
Source: CENTURY 21 Village Realty #A11148435 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2021 | $13,928 +2.8% | $1,229,877 +1% |
| 2020 | $13,552 | $1,217,267 +2% |
| 2019 | $13,552 +641.1% | $1,193,400 +760.7% |
| 2018 | $1,829 | $138,650 +2% |
| 2017 | $1,829 +1.1% | $135,933 +2% |
| 2016 | $1,808 +3.8% | $133,268 +1.5% |
| 2015 | $1,742 +3.1% | $131,267 +2% |
| 2014 | $1,690 | $128,696 +2.5% |
| 2012 | -- | $125,605 +2% |
| 2011 | -- | $123,143 +0.5% |
| 2009 | -- | $122,515 +2% |
| 2008 | -- | $120,114 +4% |
| 2006 | -- | $115,452 |
| 2005 | -- | $115,452 +4% |
| 2004 | -- | $110,970 +1.9% |
| 2003 | -- | $108,937 +2% |
| 2002 | -- | $106,802 |
Find assessor info on the county website
Neighborhood: 91024
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Nearby schools
GreatSchools rating
- 8/10Sierra Madre Elementary SchoolGrades: K-5Distance: 0.1 mi
- 8/10Sierra Madre Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Pasadena High SchoolGrades: 9-12Distance: 2.2 mi
- California
- Los Angeles County
- Sierra Madre
- 91024
- 70 Auburn Ave
Nearby cities
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