138 W Montecito, Sierra Madre, CA 91024
- $1,200,000
- Sold Price
- $1,200,000
- List Price
- $1,150,000
- Closing Date
- Jun 09, 2026
- Status
- CLOSED
- MLS#
- AR26111278
- Year Built
- 1921
- Lot Size
- 11,310
- Acres
- 0.26
- Lot Location
- 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Rectangular Lot, Street Level, Value In Land, Yard
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
Attention developers, and owner-users! Rare two on a lot opportunity in a prime Sierra Madre location, just one block from charming Old Town Sierra Madre shops, dining, and cafes. Situated on a large 11,310 sq. ft., R3 lot, this unique property features two separate homes with excellent potential to develop possibly 4 PUD units. The front house offers 2 bedrooms, 1 bathroom, and a spacious bonus room off the second bedroom that can easily serve as a 3rd bedroom, nursery, office, den, or flex space. The rear house is a private 1 bedroom, 1 bathroom unit complete with its own large fenced backyard, walk-in closet, wall A/C, and tankless water heater. Both units feature individual laundry rooms with washer and dryer hookups, providing added convenience for tenants or multi-generational living. Property is in need of TLC and presents a fantastic opportunity for buyers looking to renovate, update, and add value in a highly desirable Sierra Madre neighborhood. Large lot offers potential for expansion or future development. Conveniently located near parks, hiking trails, schools, and all that Sierra Madre has to offer. Great opportunity for investors, contractors, or owner-users seeking upside potential in a sought-after location!
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Additional Information
- Other Buildings
- Two On A Lot
- Appliances
- Disposal, Tankless Water Heater, Water Heater
- Pool Description
- None
- Heat
- Floor Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition, Rolled/Hot Mop
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), In-Law Floorplan, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $45,600
- Operating Expense
- 31600
- Garage Spaces
- 2
- Levels
- One
- Parking Spaces
- 2
Listing courtesy of Listing Agent: Gary Lorenzini (Garylorenzini@gmail.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Shuyuan Chen from Wetrust Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.