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Executive Summary

Excellent opportunity to own a single-family residence with a rear duplex in a desirable Sierra Madre location near Old Town. The front unit is a detached single-family home featuring 3 bedrooms and 1 bathroom, completely gutted and remodeled approximately 5 years ago. It offers a living room with a wood-burning fireplace, a formal dining room, and an updated kitchen with granite countertops, soft-close cabinets, and newer appliances. Additional features include LVP flooring throughout, dual-pane windows, recessed lighting, a dedicated laundry room, a basement providing extra storage or flexible use space, and its own private backyard. A new composition roof was also installed on the front house around 5 years ago. The rear duplex includes two units and two one-car attached garage: one garage space is allocated for the single-family home, and the other is dedicated to the one-bedroom, one bath unit. Both units also enjoy a side yard and a backyard. Upstairs: A one-bedroom, one-bath unit with a warm, inviting kitchen featuring wood-paneled walls, open shelving, and ample cabinetry. The kitchen includes a vintage-style range, generous counter space, and a breakfast bar that opens to the living area, creating a comfortable and functional layout. Downstairs: A studio unit with a kitchen, eating area, walk-in closet, and ¾ bathroom. This versatile property offers flexibility for owner-occupants or investors seeking a well-located income opportunity in Sierra Madre.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $63,300 $27.90
Other Income - -
Vacancy Loss - -
Effective Gross Income $63,300 $27.90
Taxes - -
Operating Expenses $57,251 $25.23
Total Expenses $57,251 $25.23
Net Operating Income $6,049 $2.67

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $63,300
Annual Per SF $27.90
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $63,300
Annual Per SF $27.90
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $57,251
Annual Per SF $25.23
Total Expenses
Annual $57,251
Annual Per SF $25.23
Net Operating Income
Annual $6,049
Annual Per SF $2.67

Property Facts

Price $1,550,000
Price Per Unit $516,667
Sale Type Investment
Gross Rent Multiplier 18.17
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.22 AC
Building Size 2,269 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1924/2020
Zoning srr3cc - Multiple Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 1 $2,500 1,175
1+1 1 $1,575 744
Studios 1 $1,200 350
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5768-029-028
Land Assessment
$195,221
Improvements Assessment
$204,985
Total Assessment
$400,206
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
  • Listing ID: 39293526

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 288 Mariposa Ave, Sierra Madre, CA 91024

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