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*
For sale
$9,500,000
483 Sturtevant Dr, Sierra Madre, CA 91024
22beds
15baths
8,400sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$1,131/sqft
$-- HOA
What's special
New electrical systemsOriginal artistic integrity
- 57 days
- on Zillow |
- 410 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 05:06pm
Listed by:
Douglas Steinriede DRE # 00284936 818-843-5200,
Dover Management Corp. 818-843-5200
Source: CLAW,MLS#: 25557095

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 15
Heating
- Wall
Cooling
- Wall Unit(s)
Appliances
- Included: Washer, Dryer, Dishwasher
Interior area
- Total structure area: 8,400
- Total interior livable area: 8,400 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, Open, Parking Space, Driveway
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One,Two
- Stories: 1
Lot
- Size: 2,448.07 Square Feet
- Dimensions: 25 x 100
Details
- Additional structures: None
- Parcel number: 5764017006
- Zoning: SRR1-CUP*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & HOA
Location
- Region: Sierra Madre
Financial & listing details
- Price per square foot: $1,131/sqft
- Tax assessed value: $449,249
- Annual tax amount: $5,280
- Date on market: 6/25/2025
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