Exceptional investment opportunity in the heart of Sierra Madre! This charming four-unit property, built in 1947, has been meticulously maintained and offers a unique blend of character, versatility, and strong income potential. The property consists of four thoughtfully designed units. Unit A is a studio with one bath, while Unit B features one bedroom, one bath, and an additional bonus space ideal for a home office, art studio, writing retreat, or creative workspace. Units C and D are attached and offer similar flexibility, with Unit C featuring two bedrooms plus bonus space and Unit D offering one bedroom plus bonus space. Units B, C, and D each enjoy private outdoor patios, creating desirable indoor-outdoor living environments for tenants.Long cherished by the current owner as a haven for artists, writers, and creative professionals, the property’s bonus spaces provide opportunities for residents to pursue painting, writing, remote work, or other creative endeavors. This unique feature has contributed to the property’s strong tenant appeal and consistently high occupancy. An outstanding income-producing asset, the property generates substantial rental revenue and has historically experienced very few vacancies. The seller reports that units have been easy to rent, reflecting the property’s desirability and the strong demand for quality housing in this sought-after community. For investors seeking immediate cash flow, the property offers the potential for an attractive return on investment. Whether you’re looking to expand your investment portfolio, complete a 1031 exchange, or acquire a well-maintained multi-family property with enduring tenant appeal, this distinctive Sierra Madre quadruplex presents a rare opportunity. Based on current income and expenses, the property offers the potential for an attractive cap rate and strong cash flow. Buyers are encouraged to verify all financial information and perform their own due diligence
Property Details
Price:
$1,000,000
MLS #:
P1-27368
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
656sierramadre
Listed Date:
May 30, 2026
Total Sq Ft:
1,154
Lot Size:
7,572 sqft / 0.17 acres (approx)
Year Built:
1947
See this Listing
Schools
Interior
Appliances
MW, RF, GO, FSR
Levels
A
Exterior
Common Walls
_2CW
Community Features
SDW, FHL, HIKI
Parking Spots
4
Parking Total
4
Spa Features
NO
View
NO
Financial
Map
Community
- Address359 N Lima ST Sierra Madre CA
- SubdivisionNot Applicable
- CitySierra Madre
- CountyLos Angeles
- Zip Code91024
Market Summary
Current real estate data for Single Family in Sierra Madre as of Jun 01, 2026
40
Single Family Listed
57
Avg DOM
529
Avg $ / SqFt
$1,445,185
Avg List Price
Property Summary
- Located in the Not Applicable subdivision, 359 N Lima ST Sierra Madre CA is a Single Family for sale in Sierra Madre, CA, 91024. It is listed for $1,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1947. The average price per square foot for Single Family listings in Sierra Madre is $529. The average listing price for Single Family in Sierra Madre is $1,445,185.
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359 N Lima ST
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