$1,000,000
359 N Lima Street, Sierra Madre CA 91024
Multi-Family (Fourplex)
Property type
7 days
On market
$867
Price per sqft
0 cars
Garage
1947
Year built
7,572 sqft
Lot size
Open Houses
Overview
Exceptional investment opportunity in the heart of Sierra Madre! This charming four-unit property, built in 1947, has been meticulously maintained and offers a unique blend of character, versatility, and strong income potential. The property consists of four thoughtfully designed units. Unit A is a studio with one bath, while Unit B features one bedroom, one bath, and an...
Listing provided by: Sarah Moore DRE #01166814 626-230-6661, Engel & Voelkers Pasadena
Listing updated: Jun 5, 2026 at 06:21pm.
Last checked: Jun 5, 2026 at 07:00pm
Source: CRMLS #P1-27368
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 0 | 1 | — | $1,400 | $1,400 | $1,600 | Unfurnished |
| — | 1 | 1 | — | $1,700 | — | $2,000 | Unfurnished |
| — | — | 2 | — | $2,500 | — | $2,500 | Unfurnished |
| — | 1 | 1 | — | $1,800 | — | $2,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 3
Separate Gas Meters: 1
Separate Water Meters: 1
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Financial Snapshot
Gross Rent Multiplier
11.3x
List Price / Annual Gross Rent
Cap Rate
6.08%
NOI / List Price
Gross Scheduled Income: $88,800
Operating Expense: $27,989
Net Operating Income: $60,811
Annual Operating Expenses
Electric: $0
Insurance: $1,307
Trash: $4,476
Interior
Appliances: Free Standing Range, Gas Oven, Microwave, Refrigerator
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Direction Faces: East
Pool: None
Spa: None
Water Source: Public
Sewer: Sewer Tap Paid
View: None
Garage and Parking
Garage Spaces: 0
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 5761018013
Tax Lot: 15
Subdivision: Not Applicable
Community
HOA Fee: $0
Senior Community: No
Community Features: Foothills, Hiking, Sidewalks
Nearby Schools
Nearby schools around the 359 N Lima Street, Sierra Madre, CA 91024. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$800,000
Total Interest
$1,020,356
Total Payment
$1,820,356
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,248
per month
Property History for 359 N Lima Street
Sierra Madre Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91024.
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