14-Unit Apartment
522 W Sierra Madre Blvd., Sierra Madre, CA 91024
For Sale
Contact for pricing
A mix of one-, two-, and three-bedroom homes includes private patios or balconies and separately metered gas and electric.
Property Size18,041 SF
Lot Size0.57 Acres
Price / SF$371.38
Days on Market24
Property Features for 522 W Sierra Madre Blvd.
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
private patio or balcony
central air conditioning and heating
dishwasher
fireplace
remodeled laundry room
Building Details
Year Built
Listing Agency:
Berkshire Hathaway Home Services
Listed By:
Jeff Stokes · License #00853601
(949) 355-3361
Source:
Crexi
Added: Oct 17
Changed: Nov 8
Last Checked: Nov 8 at 5:39PM
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 Berkshire Hathaway Home Services
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Investment Insights
Based on property information with market context.
This 14-unit apartment property contains approximately 18,041 square feet on an approximately 24,854-square-foot lot. The unit mix comprises four three-bedroom, two-bath residences, six two-bedroom, two-bath residences, and four one-bedroom, one-bath residences. Each apartment has a patio or balcony, central air conditioning and heat, a dishwasher, and a fireplace. Gas and electric are separately metered by unit. Most apartments have updated flooring, cabinetry, and appliances; four include in-unit washers and dryers. The property also has a renovated laundry room and 28 parking spaces, 23 of them covered.
Building work includes a new 30-year roof, asphalt paving, and soft-story retrofitting on the rear and side. Constructed in 1968, the property is within walking distance of downtown Sierra Madre, with Hastings Ranch shopping and the 210 Freeway a short drive away.
Building work includes a new 30-year roof, asphalt paving, and soft-story retrofitting on the rear and side. Constructed in 1968, the property is within walking distance of downtown Sierra Madre, with Hastings Ranch shopping and the 210 Freeway a short drive away.
Key Highlights
- 14 apartments totaling approximately 18,041 square feet on an approximately 24,854‑square‑foot lot
- Unit mix: four three‑bedroom, two‑bath units; six two‑bedroom, two‑bath units; and four one‑bedroom, one‑bath units
- All units have a private patio or balcony, central air conditioning and heat, a dishwasher, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,294
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,805,880
$5.8M
Cap Rate 7%
$4,147,057
$4.1M
Cap Rate 9%
$3,225,489
$3.2M
Market Conditions
NOI Build-Up for 18,041 SF
Gross rent
$573.7K $31.80/SF
− Vacancy
−$45.9K −$2.54/SF
EGI
$527.8K $29.26/SF
− OpEx
−$237.5K −$13.17/SF
NOI
$290.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,805,880
Cap Rate 7%
$4,147,057
Cap Rate 9%
$3,225,489
Alternative Uses
Best Use
Apartment 5plus
$4.15M
$3.63M – $4.84M
NOI $290,294 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.66M
$8.45M – $11.27M
NOI $676,136 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
14
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
942
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
$1,172,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of one-, two-, and three-bedroom homes includes private patios or balconies and separately metered gas and electric.
Where is this apartment building located?
The property is located at 522 W Sierra Madre Blvd. Sierra Madre, CA.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 14 apartments totaling approximately 18,041 square feet on an approximately 24,854‑square‑foot lot; Unit mix: four three‑bedroom, two‑bath units; six two‑bedroom, two‑bath units; and four one‑bedroom, one‑bath units; All units have a private patio or balcony, central air conditioning and heat, a dishwasher, and a fireplace
