483 Sturtevant Drive

Sierra Madre, CA 91024

  • 22 Bed(s)
  • 0 Bath(s)
  • 8,400 Sqft
  • 2448
    Sqft(Lot)
$9,500,000

Description

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 construction costs of over 260%.alternatively, new ownership could opt to sell each parcel individually before or after the adu construction to realize a premium return on investment. *listing includes apn #s - 5764-017-006; 5764-017-007;5764-017-008; 5764-017-026;5764-017-011; 5764-017-010;5764-017-009; 5764-017-029*

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50280103

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Property Details

  • Bedroom Information

    • Total Bedrooms : 22

    Bathroom Information

    • Total Baths: 15
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Dryer,Washer

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1923
    • Building Area Total: 8,400

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0562
    • Lot Size Dimensions: 25x100
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 2448

  • Listing Price Information

    • Original List Price: 9,500,000
    • Listing Contract Date: 2025-06-25

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5764017006

  • Garage and Parking

    • Garage Description: Carport,Driveway,One Space,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 656 - Sierra Madre
    • Postal Code Plus 4: 1342
    • Directions: Off Sturtevant
    • Zoning: SRR1-CUP*
    • Source Property Type: Residential Income
    • Area: 656 - Sierra Madre

    Building and Construction

    • Property Age: 102
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 8400
    • Levels or Stories: One,Two
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/03/2025 @ 08:19

  • MLS: 25557095
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 22 bedrooms which is for sale, it has 8,400 sqft, 2,448 sized lot, and 0 parking. are nearby neighborhoods.