Skip main navigation
For sale
  • $9,500,000

    483 Sturtevant Dr, Sierra Madre, CA 91024

    22beds
    15baths
    8,400sqft
    : 
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $1,131/sqft
    $-- HOA

    What's special

    New electrical systemsOriginal artistic integrity
    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*
    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#: 25557095MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 483 Sturtevant Dr.

    Next available tour time:Tomorrow at 11am

    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
    • Loading
    • Loading