CA > Sierra Madre
Sierra Madre, CA 91024,483 Sturtevant DR
Sierra Madre, CA 91024,483 Sturtevant DR
Sierra Madre, CA 91024,483 Sturtevant DR
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
22
Aug
Sat
23
Aug
Sun
24
Aug
John Herkenrath

John Herkenrath

+1(310) 221-2910
$9,500,000
Est. payment /mo
22 Beds
15 Baths
8,400 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $1,130

MLS Listing ID 25557095

Bedrooms 22

HOA Y/N No

Year Built 1923

Lot Size 2,448 Sqft

Property 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*

Location

State CA

County Los Angeles

Area 656 - Sierra Madre

Zoning SRR1-CUP*

Interior

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Dryer, Washer

Exterior

Parking Features Carport, Driveway, One Space, Uncovered

Total Parking Spaces 1

Building

Story 1

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5764017006

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Douglas Steinriede Dover Management Corp.
agent-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of John Herkenrath, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

483 Sturtevant DR

QUICK SEARCH CA
VIEW MORE
};