Four-Unit Residential Income
For Sale
$1,000,000
Pending
359 N Lima Street, Sierra Madre, CA 91024
Four-unit property with private patios and adaptable bonus spaces for office or creative use.
Property Size1,154 SF
Days on Market102
Property Features for 359 N Lima Street
General Information
Standard status
Pending
Size
1,154 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$60,811
Additional Details
Multifamily Units
4
Amenities
Sidewalks
Free-Standing Range, Gas Oven, Microwave, Refrigerator
Building Details
Building Size
1,154 SF
Year Built
1947
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Engel & Voelkers Pasadena
Listed By:
Sarah Moore · License #01166814
(626) 230-6661
Source:
Evrealestate
Added: May 29
Changed: Aug 23
Last Checked: Jul 24 at 6:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Voelkers Pasadena
Investment Insights
Based on property information with market context.
Built in 1947, this four-unit residential income property is configured with two distinct layouts plus studio living. Unit A is a studio with one bath. Unit B offers one bedroom, one bath, and an additional bonus space that can serve as a home office, art studio, writing retreat, or other creative workspace. Units C and D are attached and provide similar flexibility, with Unit C featuring two bedrooms plus bonus space, and Unit D offering one bedroom plus bonus space.
Units B, C, and D also include private outdoor patios, supporting indoor-outdoor use for everyday living. The property is located in Sierra Madre, California, at 359 N Lima Street.
From a tenant perspective, the bonus spaces broaden how each unit can be used, whether for remote work, creative projects, or additional functional room needs. For an owner, the mix of a studio unit alongside one- and two-bedroom homes may support diversified leasing needs while maintaining a consistent overall property configuration across the four units.
Units B, C, and D also include private outdoor patios, supporting indoor-outdoor use for everyday living. The property is located in Sierra Madre, California, at 359 N Lima Street.
From a tenant perspective, the bonus spaces broaden how each unit can be used, whether for remote work, creative projects, or additional functional room needs. For an owner, the mix of a studio unit alongside one- and two-bedroom homes may support diversified leasing needs while maintaining a consistent overall property configuration across the four units.
Key Highlights
- Four‑unit property built in 1947 with four separate units (Unit A through Unit D).
- Unit mix: Unit A is a studio with 1 bath; Unit B is 1 bed/1 bath plus bonus space; Unit C is 2 beds/plus bonus space; Unit D is 1 bed/plus bonus space.
- Units B, C, and D each include private outdoor patios for tenant indoor‑outdoor living.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 91024, CA
11,268
Population
5,113
Households
2.2
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
3.5 sq mi
ZIP Area
3,219
Density / Sq Mi
$141,094
Median Household Income
$83,231
Median Earnings
$2,086
Median Rent
$1,172,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with private patios and adaptable bonus spaces for office or creative use.
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: Four‑unit property built in 1947 with four separate units (Unit A through Unit D).; Unit mix: Unit A is a studio with 1 bath; Unit B is 1 bed/1 bath plus bonus space; Unit C is 2 beds/plus bonus space; Unit D is 1 bed/plus bonus space.; Units B, C, and D each include private outdoor patios for tenant indoor‑outdoor living.
