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Back 359 North Lima Street
Off Market

359 North Lima Street

Sierra Madre CA 91024

2
5
7572 sq. ft.
Multi-Family
Last sold for $850,000
Sarah MooreSarah Moore, last sold this property on 24 July 2026 after 55 days on market.

Overview

Investor and developer opportunity in the highly desirable city of Sierra Madre. This unique property is currently improved with four residential units generating substantial rental income; however, buyers should be aware that the property is zoned R-1 and Los Angeles County Assessor records identify the property as a duplex. The City has indicated that the existing improvements will require correction, and buyers are encouraged to conduct their own investigation regarding permitted uses, approvals, redevelopment options, and compliance requirements.Based on discussions with the City, future use may include a duplex and an ADU, creating an exciting opportunity for investors, builders, and developers to reimagine the property and maximize its potential. The existing improvements include a studio unit, two one-bedroom units, a two-bedroom unit, and several bonus spaces that have historically attracted artists, writers, and creative professionals. The property has a long history of strong rental demand and minimal vacancy, demonstrating the desirability of the location and providing valuable insight into the area's rental market. Situated on a charming residential street in sought-after Sierra Madre, this is a rare chance to acquire a property with immediate income, redevelopment potential, and significant upside. Cash buyers, experienced investors, and developers are encouraged to explore the possibilities. Property is being sold in its present AS-IS condition. Buyer to independently verify zoning, permits, square footage, existing use, development potential, and all information relating to the property.

Features

2 bedrooms
5 bathrooms
7572 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 2 bedroom multi families sold in Sierra Madre over the last 12 months.

Property history for 359 North Lima Street

2026
Sold
$850,000
24 Jul 2026 by Sarah Moore, of Engel & Voelkers Pasadena

Happy sellers in Sierra Madre

95%
95% of sellers in Sierra Madre reported that their sale price either exceeded or met their price expectations.

Sierra Madre stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Sierra Madre over the last 12 months.

Local market activity for 2 bedroom multi families in Sierra Madre

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sierra Madre

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Reni R Rose

Reni R Rose is an award winning recommended agent for Sierra Madre.  They have 8 local sales and collected 5 local reviews across the last 12 months.

  •   5   (86 reviews)
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Carmen Sosa

Carmen Sosa is a recommended agent for Sierra Madre.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (19 reviews)
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  •  1 Sale in Sierra Madre
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Ash Rizk

Ash Rizk is a recommended agent for Sierra Madre.  They have 6 local sales across the last 12 months.

  •  6 Sales in Sierra Madre
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Julie Bencosme

Julie Bencosme is a recommended agent for Sierra Madre.  They have 3 local sales across the last 12 months.

  •   5   (2 reviews)
  •  3 Sales in Sierra Madre
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