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288-290 Mariposa Ave, Sierra Madre 288 Mariposa Ave 3 Unit Apartment Building $1,550,000 ($516,667/Unit) Sierra Madre, CA 91024



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 | Apartment Style | Single-Family Home |
| Price Per Unit | $516,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Gross Rent Multiplier | 18.17 | Building Size | 2,269 SF |
| No. Units | 3 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2020 |
| Zoning | srr3cc - Multiple Residential | ||
| 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 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5768-029-028 | Total Assessment | $400,206 |
| Land Assessment | $195,221 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $204,985 | Tax Year | 2025 |
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
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288-290 Mariposa Ave, Sierra Madre | 288 Mariposa Ave
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