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$1,898,000

Est. payment - /mo

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4 Beds

4 Baths

2,675 SqFt

New

181 E Alegria AVE Sierra Madre, CA 91024

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Bri Lister

bri@toplisterrealty.com +1(951) 438-0144

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,675 sqft

Price per Sqft $709

MLS Listing ID AR25128839

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1948

Lot Size 0.490 Acres

Property Sub-Type Triplex

Property Description

Along the most coveted stretch of Sierra Madre's iconic Alegria Avenue lies a singular opportunity—an expansive dual-parcel property spanning over 21,000 square feet of flat, usable land, graced with mature citrus trees and framed by the tranquility of the San Gabriel foothills. With two distinct structures, each with its own address and private driveway, this rare compound is zoned as a legal triplex and offers unmatched versatility for investors, builders, or owner-occupants with vision. The primary residence at 181 E Alegria has been thoughtfully reimagined as a spacious duplex and underwent a full renovation around 2021. A custom kitchen with marble countertops, wide-plank wood floors, new windows, fresh interior and exterior paint, and central air create a refined yet comfortable living environment. A finished lower level adds additional bedrooms and flexible space for guests, creative work, or extended living. At 185 E Alegria, a separate guest house includes two generous one-bedroom suites—each renovated inside and out, with updated kitchens, baths, and light-filled interiors. The property's current configuration allows for immediate rental income or a graceful multi-generational setup, while its size and zoning open the door for further design potential (buyer to verify). This is a property that invites both present-day enjoyment and long-term imagination. Whether restoring and enhancing the existing three units or crafting a visionary compound, the location—on one of Sierra Madre's most desirable streets—offers enduring appeal, walkability to downtown, and a setting rich in character and history. There may be potential for subdivision, subject to city approval; buyer to verify all possibilities with the City of Sierra Madre. Rarely does a property offer this level of flexibility, scale, and charm in such a coveted location.

Location

State CA

County Los Angeles

Area 656 - Sierra Madre

Zoning SRR175

Rooms

Main Level Bedrooms 4

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Heating Ductless

Cooling Ductless

Fireplaces Type None

Fireplace No

Appliance 6 Burner Stove

Laundry Inside

Exterior

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Triplex

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Schools

School District Pasadena Unified

Others

Senior Community No

Tax ID 5762013004

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Ash Rizk • Coldwell Banker Realty • 626-393-5695

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Bri Lister

REALTOR® | License ID: 02239724

+1(951) 438-0144 | bri@toplisterrealty.com

181 E Alegria AVE Sierra Madre, CA 91024

Bri Lister

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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181 E Alegria AVE