140 Sierra Madre Boulevard, Sierra Madre, CA 91024
  • MLS#: AR25146589 ( Commercial/Residential )
  • Street Address: 140 Sierra Madre Boulevard
  • Viewed: 1
  • Price: $6,780,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: LOS ANGELES
  • City: Sierra Madre
  • Zipcode: 91024
  • Provided by: Growth Investment Group Pasade
  • Contact: Han Han
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    140 W Sierra Madre Blvd. & 138 W Sierra Madre Blvd. a.k.a. 147 S Mariposa St., pride of ownership commercial retail and apartment in the highly desirable area of the City of Sierra Madre, California. It is in the heart of Sierra Madre downtown, right on Sierra Madre Blvd. The property is surrounded by local mom and pop restaurants and other local retail stores. It is several steps away from Sierra Madre Memorial Park, a historic landmark and an immensely popular park for Sierra Madre residents; it houses monuments, tennis courts, playground, covered picnic area, and weekly performances and activity centers. It offers excellent demographics with $202,678 of average household income within a mile radius. This strong market provides consistent full occupancy for the commercial and residential units of these properties. Because of its superb location in Sierra Madre Downtown (Sierra Madre Blvd and Baldwin Ave), the property enjoys strong occupancy and high walk score of 89. It is also several lots away from Sierra Madre City Hall, Police Department and other Sierra Madre civil services. 140 W Sierra Madre is a two story retail/commercial building that has been fully upgraded. It has upgraded electrical, plumbing, roof, exterior paint, and exterior faade. All the units have been upgraded by each tenant providing superb synergies to the local community and providing consistent and stable tenancies for this property. This property consists of 7 tenants, 5 of them are on Net Lease structure while the remaining 2 are on Modified Gross structure. The property was built in 1953, has a total of 9,169 SF building space and situated on 10,066 SF CC zoned lot. It has a shared driveway with the 147 Mariposa Ave. Parking is in the back with 12 open spaces (11 + 1 disabled parking). 147 Mariposa Ave is a 5 units value add two story garden style apartment that was built in 1936 and has undergone major renovation in recent years. It has a total of 4,853 SF building area and is situated on a large 15,296 SF lot. The property has an updated electrical, plumbing, double pane windows throughout, and central HVAC units. The property offers an excellent unit mix with one (1) x 3 bed + 1 bath, three (3) x 2 bed + 1 bath, and one (1) x 1 bed + 1 bath units. The property has 7 separate electrical meters, and it may have a 6 unit before the previous owner combined 2 units into one and made it into a 5 units apartment. The property is not under any local rent control.
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Features
Additional Parcels Description
  1. 5767024011
Appliances
  1. Gas Range
  2. Range Hood
  3. Refrigerator
Architectural Style
  1. Mid Century Modern
  2. Modern
Assessments
  1. Buyer to Verify
Association Fee
  1. 0.00
Building Area Total
  1. 14111.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Current Financing
  1. Conventional
Direction Faces
  1. North
Door Features
  1. ENERGY STAR Qualified Doors
Electric
  1. 220 Volts
  2. Standard
Electric Expense
  1. 5400.00
Fencing
  1. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Tile
  2. Vinyl
  3. Wood
Fuel Expense
  1. 5400.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2400.00
Heating
  1. Central
Insurance Expense
  1. 15800.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
  2. Community
Levels
  1. Two
Lockboxtype
  1. None
  2. See Remarks
Lot Features
  1. Level with Street
  2. Lot 20000-39999 Sqft
  3. Rectangular Lot
  4. Level
  5. Near Public Transit
Netoperatingincome
  1. 270947.00
Newtaxesexpense
  1. 75800.00
Number Of Separate Electric Meters
  1. 13
Otherincome1
  1. 32488.00
Otherincomedescription
  1. NNN Reimbursement
Parcel Number
  1. 5767024012
Parking Features
  1. Assigned
  2. Driveway
  3. Asphalt
Pest Control Expense
  1. 0.00
Pool Expense
  1. 0.00
Pool Features
  1. None
Postalcodeplus4
  1. 2435
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Asbestos Shingle
  2. Flat
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442051917:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
  3. HVAC Maintenance
  4. Repairs
  5. See Remarks
Totalactualrent
  1. 370702.00
Totalexpenses
  1. 126296.00
Trash Expense
  1. 10800.00
Uncovered Spaces
  1. 18.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Available
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 8107
View
  1. Mountain(s)
  2. Panoramic
Water Sewer Expense
  1. 7524.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1953
Year Built Source
  1. Assessor
Zoning
  1. SRC1CC*