483 Sturtevant Drive, Sierra Madre, CA 91024 - Berkshire Hathaway HomeServices California Properties
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483 Sturtevant Drive, Sierra Madre, CA 91024

$9,500,000 Approx. USD 22 beds, 15 baths
8,400 sqft
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Listing Agent


Douglas Steinriede | listings@doverla.com
Lic#: 00284936
Broker: Courtesy of Dover Management Corp.

Agent Remarks

Nestled against the San Gabriel Wilderness, Sierra Court Cottages offers an investor the opportunity to own a unique 15-cottage community spread across eight (8) parcels in Sierra Madre, totaling 31,712 square feet. The 15 cottages are comprised of various configurations and have been tastefully renovated to preserve the original artistic integrity of the site. Current ownership has invested nearly $1.2 million in capital improvements, including new electrical systems, plumbing, roofing, exterior work, and landscaping. Operating expenses are currently low due to the implementation of resident utility billing (RUBS) across the community, allowing new ownership to operate the asset at a sub-30% expense ratio. The site is eligible for the construction of six (6) ADUs, totaling 3,800 square feet of additional rentable space. Current ownership has initiated the planning process and completed a site survey for construction. By adding the six (6) ADUs, new ownership can achieve a return on construction costs of over 260%.Alternatively, new ownership could opt to sell each parcel individually before or after the ADU construction to realize a premium return on investment. *Listing includes APN #s - 5764-017-006; 5764-017-007;5764-017-008; 5764-017-026;5764-017-011; 5764-017-010;5764-017-009; 5764-017-029*

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25557095
Price: $9,500,000
Beds: 22
Baths: 15
Built in 1923
8,400 sqft
1 story
0.06 acres
Lot size: 0.0562
County: Los Angeles
Zoning: SRR1-CUP*
Appliances: Dishwasher,Dryer,Washer
Parking description: Carport,Driveway,One Space,Uncovered
Heating description: Wall Furnace
MLS area: 656 - Sierra Madre

Last Updated: 7/3/2025

 Days On Market (DOM): 24

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This listing belongs to the 656 - Sierra Madre MLS area

Lat/Long: 34.170285, -118.043802.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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