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$1,898,000
Est. payment /mo
4 Beds
4 Baths
2,675 SqFt
New
181 E Alegria Avenue Sierra Madre, CA 91024
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Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 2,675 sqft
Price per Sqft $709
MLS Listing ID AR25128839
Style All Other Attached
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1948
Lot Size 0.490 Acres
Acres 0.4896
Property Description
Along the most coveted stretch of Sierra Madres iconic Alegria Avenue lies a singular opportunityan 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 suiteseach renovated inside and out, with updated kitchens, baths, and light-filled interiors. The propertys 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 locationon one of Sierra Madres most desirable streetsoffers enduring appeal, walkability to downtown, and a setting rich
Along the most coveted stretch of Sierra Madres iconic Alegria Avenue lies a singular opportunityan 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 suiteseach renovated inside and out, with updated kitchens, baths, and light-filled interiors. The propertys 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 locationon one of Sierra Madres most desirable streetsoffers 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.
Along the most coveted stretch of Sierra Madres iconic Alegria Avenue lies a singular opportunityan 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 suiteseach renovated inside and out, with updated kitchens, baths, and light-filled interiors. The propertys 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 locationon one of Sierra Madres most desirable streetsoffers 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 Sierra Madre (91024)
Zoning SRR175
Interior
Equipment 6 Burner Stove
Appliance 6 Burner Stove
Laundry Inside
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Mountains/Hills
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $61
Miscellaneous Suburban
Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, Cash To New Loan
Special Listing Condition Standard
Listed by Ash Rizk • Coldwell Banker Realty