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    Sierra Madre Four-Unit Income Property Title is generated by Realmo AI

    359 N Lima Street, Sierra Madre, CA 91024

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    Claim this Listing
    New
    For Sale
    $1,000,000

    Other - Sierra Madre, CA

    Type:Quadruplex
    Lot size:
    0.17 Acres
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 359 N Lima Street

    General Information

    Property type
    Other
    Property subtype
    Quadruplex
    Parking
    4
    Appliances
    Microwave, Oven - Gas, Range, Refrigerator
    Standard status
    Active
    APN
    5761018013
    Lot size
    0.17 Acres

    Building Details

    Year built
    1947
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Moore
    Sarah Moore

    Listing agent Sarah Moore

    Listing office Engel & Völkers Pasadena 345 East Colorado Boulevard, Suite 130, Pasadena, CA

    Listing date May 29, 2026

    MLS# P1-27368 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strong income potential with historically high occupancy and easy‑to‑rent units.
    • Four‑unit property in the desirable Sierra Madre location.
    • Units B, C, and D feature private outdoor patios, enhancing tenant appeal.
    • Versatile unit configurations, including bonus spaces suitable for home offices or creative pursuits.
    • Meticulously maintained property built in 1947.
    • Includes essential appliances: Microwave, Gas Oven, Range, and Refrigerator.

    Overview

    Located in Sierra Madre, this four-unit property, constructed in 1947, presents an investment opportunity. The property includes four units: Unit A is a studio with one bath; Unit B has one bedroom, one bath, and a bonus space; Units C and D are attached, with Unit C featuring two bedrooms plus a bonus space and Unit D offering one bedroom plus a bonus space. Units B, C, and D each include private outdoor patios. The bonus spaces offer opportunities for painting, writing, remote work, or other creative endeavors. The property generates rental revenue and has historically experienced few vacancies. The units have been easy to rent, reflecting the property's desirability. The property offers the potential for an attractive return on investment. It is suited for expanding an investment portfolio or completing a 1031 exchange. The property offers the potential for an attractive cap rate and strong cash flow. The property is located in Sierra Madre, CA 91024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    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
    -118.06023
    Latitude
    34.168127

    Nearby Similar for Sale

    • $1,499,999
      2,672 SF

      Sierra Madre Triplex Opportunity

      Triplex in desirable Sierra Madre, close to downtown shops.
      126 E Highland, Sierra Madre, CA 91024
      View Details
    • $1,150,000

      Sierra Madre Development Opportunity

      Two homes on a large lot near Old Town Sierra Madre.
      138 W Montecito, Sierra Madre, CA 91024
      View Details

    FAQs

    What type of property is this?
    Quadplex - Charming four-unit property with strong income potential in Sierra Madre.
    Where is this quadplex located?
    The property is located at 359 N Lima Street Sierra Madre, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Strong income potential with historically high occupancy and easy‑to‑rent units.; Four‑unit property in the desirable Sierra Madre location.; Units B, C, and D feature **private outdoor patios, enhancing tenant appeal.**
    (626) 230-6661
    We can help!
    Listing Contact
    Sarah Moore
    Sarah Moore
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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.

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