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    78 E Highland Ave Sierra Madre, CA 91024

    Sponsored
    For Sale
    $2,150,000

    Single Family Residence - Sierra Madre, CA

    Type:Single Family Residence
    Property size:
    2,900 SF
    Lot size:
    9,687.00 Acres
    Days on Market:
    224
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 78 E Highland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    SRR3YY
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Bedrooms
    5
    Bathrooms
    5
    APN
    5767013009
    Parking features
    Driveway
    Interior features
    Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished, None
    Exterior features
    Community Features Included: Street Lights, 0-1 Unit/Acre
    Fireplace
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Size
    2,900 SF
    Lot size
    9,687.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Raffaele Cursaro

    3 Day Express Appraisals dba National Investments (171) 432-1515 [email protected]

    Listing agent Raffaele Cursaro (626) 824-7369 License #01810276

    Listing date Jun 11, 2025

    MLS# DW24164540 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Sierra Madre Single Family Residence

    Located in Sierra Madre, this property at 78 E Highland Ave features a single-level home with an updated, open-concept kitchen including upgraded custom cabinetry, quartz countertops, and stainless steel appliances. The living room includes a fireplace. The front house has 3 bedrooms, 2 1/2 baths, and over 1700 square feet of living space, including a newly permitted 540 square foot addition. The master bedroom features an updated en-suite, custom closet, and patio doors leading to a modern deck. Wood shutters and luxury vinyl waterproof floors are present throughout the home. Additionally, the property includes a newly constructed, permitted 1200 square foot ADU with 2 bedrooms, 2 full bathrooms, an open-concept modern kitchen, and a living room with central heating and air. The rear garage, with limited access down the side of the house, can be used as a studio or office space and has a pre-plumbed bathroom. The property is situated near the downtown village of Sierra Madre, with local shops and eateries. The lot size is 0.22238292011019284 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sierra Madre
    County
    Los Angeles
    State
    California
    Longitude
    -118.0508674
    Latitude
    34.1640052

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    FAQs

    What type of property is this?
    Single family property - Updated single-family residence with ADU near downtown Sierra Madre.
    Where is this single family property located?
    The property is located at 78 E Highland Ave Sierra Madre, CA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Newly constructed 1200 sqft ADU featuring 2 bedrooms and 2 full bathrooms.; - Front house boasts 3 bedrooms, 2 1/2 baths with 1700+ sqft of living space, including a newly permitted 540 sqft addition.; - Updated, open-concept kitchen with quartz countertops and stainless steel appliances.
    (626) 824-7369
    Request Owner's contact information
    78 E Highland Ave Sierra Madre, CA 91024
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    Sierra Madre, CA 91024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    78 E Highland Ave Sierra Madre, CA 91024
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    We can help!
    Listing Contact
    Raffaele Cursaro
    Real Estate License ID: 01810276
    (626) 824-7369
    Learn more
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