$1,000,000
359 N Lima Street, Sierra Madre CA 91024
Multi-Family (Fourplex)
Property type
18 days
On market
$867
Price per sqft
0 cars
Garage
1947
Year built
7,572 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Sarah Moore DRE #01166814 626-230-6661, Engel & Voelkers Pasadena
Listing updated: Jun 16, 2026 at 12:11am.
Last checked: Jun 16, 2026 at 12:30am
Source: CRMLS #P1-27368
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 0 | 1 | — | $1,400 | $1,400 | $1,600 | Unfurnished |
| — | 1 | 1 | — | $1,700 | — | $2,000 | Unfurnished |
| — | — | 2 | — | $2,500 | — | $2,500 | Unfurnished |
| — | 1 | 1 | — | $1,800 | — | $2,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 3
Separate Gas Meters: 1
Separate Water Meters: 1
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Financial Snapshot
Gross Rent Multiplier
11.3x
List Price / Annual Gross Rent
Cap Rate
6.08%
NOI / List Price
Gross Scheduled Income: $88,800
Operating Expense: $27,989
Net Operating Income: $60,811
Annual Operating Expenses
Electric: $0
Insurance: $1,307
Trash: $4,476
Interior
Appliances: Free Standing Range, Gas Oven, Microwave, Refrigerator
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Direction Faces: East
Pool: None
Spa: None
Water Source: Public
Sewer: Sewer Tap Paid
View: None
Garage and Parking
Garage Spaces: 0
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 5761018013
Tax Lot: 15
Subdivision: Not Applicable
Community
HOA Fee: $0
Senior Community: No
Community Features: Foothills, Hiking, Sidewalks