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463 Mariposa Ave 5 Unit Apartment Building $2,750,000 ($550,000/Unit) 4.01% Cap Rate Sierra Madre, CA 91024
INVESTMENT HIGHLIGHTS
- 2 Large Owner Units - 3/2
- Lovely Sierra Madre Location
- One 3/2 Unit Vacant
- Convenient Location: Walkable to parks and quaint downtown Sierra Madre shops & dining
EXECUTIVE SUMMARY
Rare opportunity to acquire a 5-unit property in Sierra Madre, a unique small town nestled at the foot of Mt. Wilson in the San Gabriel Valley. Great unit mix with two large owner’s units (one is vacant) with 3 bedrooms and 2 bathrooms. One of these comes with a spacious private outdoor patio. The other units are comprised of two 2/1 apartments and a studio (studio potentially unpermitted, buyer to verify). This well-maintained complex is nicely located, close to parks and downtown Sierra Madre with its shops and restaurants. The property includes 4 carport spaces, a one-car garage, laundry room and workshop. Both owner’s units have laundry in the unit. Convenient to the 210 freeway and close to highly rated public and private schools. The property offers excellent income and sits on a 15,068 square foot lot, possibly allowing for expansion.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $550,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 4.01% | Building Size | 5,206 SF |
| Gross Rent Multiplier | 16.37 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | Multi-Family R3 - multiple dwelling zone | ||
| Price | $2,750,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 4.01% |
| Gross Rent Multiplier | 16.37 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 5,206 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | Multi-Family R3 - multiple dwelling zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Deck
- Island Kitchen
- Office
- Patio
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $3,500 | 1,500 |
| 2+1 | 2 | $2,800 | 700 |
| Studios | 1 | $1,395 | 306 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 5768-021-025 | Improvements Assessment | $746,032 |
| Land Assessment | $162,491 | Total Assessment | $908,523 |
PROPERTY TAXES
Parcel Number
5768-021-025
Land Assessment
$162,491
Improvements Assessment
$746,032
Total Assessment
$908,523
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CR Excellence Property Management, Inc.
463 Mariposa Ave
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