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140 Sierra Madre Boulevard, Sierra Madre, CA 91024
Priced at Only: $6,480,000
For more Information Call Mobile: 714.478.6676
Address: 140 Sierra Madre Boulevard, Sierra Madre, CA 91024
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140 Sierra Madre Boulevard
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  • MLS#: AR25197554 ( Mixed Use )
  • Street Address: 140 Sierra Madre Boulevard
  • Viewed: 1
  • Price: $6,480,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Sierra Madre
  • Zipcode: 91024
  • Provided by: Growth Investment Group Pasade
  • Contact: Handoko Handoko
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    140 152 W Sierra Madre Blvd. (commercial retail) & 138 W Sierra Madre Blvd. a.k.a. 147 S Mariposa St. (apartment), 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. 140 152 W Sierra Madre Blvd is a two story retail/commercial building that has been fully upgraded/rebuilt in 2009 2010. 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). This commercial center is occupied by local retailers that have established business presence, strong roots in the Sierra Madre community, and each tenant has invested heavily in improving their units through modern tenant improvements. The first floor is occupied by a local coffee shop, massage therapist office, sandwich place, and other retailers. The 2nd floor is occupied by a group of psychiatrists with excellent space and private offices. Each private office has views of San Gabriel Mountains and sliding door that leads to semi private rooftop deck area.
Features
Accountingtype
  1. Actual
Additional Parcels Description
  1. 5767024011
Assetclass
  1. Multi-Family
  2. Retail
Building Area Total
  1. 14111.00
Building Features
  1. Elevators
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Construction Materials
  1. Stucco
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. Conventional
Current Use
  1. Commercial
  2. Investment
  3. Multi-Family
  4. Residential
Electric
  1. Heavy
  2. Standard
Electric Expense
  1. 5400.00
Expense Year
  1. 2025
Fencing
  1. None
Heating
  1. Central
  2. Wall Furnace
Insurance Expense
  1. 15877.00
Land Use
  1. Multi-Family
  2. Retail
Laundry Features
  1. Common Area
  2. Community
Laundry Income
  1. 2160.00
Netoperatingincome
  1. 302996.00
Otherincome1
  1. 32488.00
Parcel Number
  1. 5767024012
Postalcodeplus4
  1. 2435
Property Type
  1. Mixed Use
Retail Square Footage
  1. 9258
Roof
  1. Asbestos Shingle
  2. Flat
Security Features
  1. Carbon Monoxide Detector(s)
  2. Closed Circuit Camera(s)
  3. Fire and Smoke Detection System
  4. Fire Sprinkler System
  5. Security Lights
  6. Smoke Detector(s)
Signage
  1. Sign on Building
Totalexpenses
  1. 122942.00
Totalmonthlyrent
  1. 33779
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. 8693
Water Sewer Expense
  1. 7500.00
Water Source
  1. Public
Year Built
  1. 1953
Year Built Source
  1. Assessor
Zoning
  1. CC
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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