USACASierra MadreNot Applicable359 N Lima St
Listing image | Image 1

359 N Lima St, Sierra Madre, CA

House

Other

Listed price in listed location currency (USD).
$1,000,000

004

MLS® P1-27368

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 26
Lot Size 0.1738 Acres
Approx. Age 1947
MLS® Number P1-27368

Property Address: 359 N Lima St, Sierra Madre, CA, 91024-1057

Average square foot calculated using Size range provided by listing agent.

Description

Investor and developer opportunity in the highly desirable city of Sierra Madre. This unique property is currently improved with four residential units generating substantial rental income; however, buyers should be aware that the property is zoned R-1 and Los Angeles County Assessor records identify the property as a duplex. The City has indicated that the existing improvements will require correction, and buyers are encouraged to conduct their own investigation regarding permitted uses, approvals, redevelopment options, and compliance requirements.Based on discussions with the City, future use may include a duplex and an ADU, creating an exciting opportunity for investors, builders, and developers to reimagine the property and maximize its potential. The existing improvements include a studio unit, two one-bedroom units, a two-bedroom unit, and several bonus spaces that have historically attracted artists, writers, and creative professionals. The property has a long history of strong rental demand and minimal vacancy, demonstrating the desirability of the location and providing valuable insight into the area's rental market. Situated on a charming residential street in sought-after Sierra Madre, this is a rare chance to acquire a property with immediate income, redevelopment potential, and significant upside. Cash buyers, experienced investors, and developers are encouraged to explore the possibilities. Property is being sold in its present AS-IS condition. Buyer to independently verify zoning, permits, square footage, existing use, development potential, and all information relating to the property.
MLS® NumberP1-27368
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1947
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

Other

May 29, 2026List Date
$1,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
359 N Lima St, Sierra Madre, CA

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