157 Esperanza Ave is a value-add 13-unit, NON-rent-controlled apartment community in the highly desirable area of the City of Sierra Madre, California. It is located on a quiet residential street a block south of Sierra Madre Blvd. The property is surrounded by single family residential and condominiums complex. Because of its superb location a block away from Sierra Madre Downtown (Sierra Madre Blvd and Baldwin Ave), the property enjoys strong occupancy and high walk score of 80. It is also within walking distance from Sierra Madre City Hall, Police Department and located across the street from Sierra Madre Congregational Church. It offers an excellent demographics with an average household income of Â±$150,050 within two-mile radius. The property is a two-story garden style apartment that was built in 1956 and has undergone some renovation in the recent years. It has a total of Â±12,339 SF building area and situated on a large Â±18,921 SF lot. It has a swimming pool that will be replaced with landscaped/barbeque area. The property offers an excellent unit mix with three (3) x 3-bed + 2-bath, six (6) x 2-bed + 2-bath, and four (4) x 1-bed + 1-bath units. Each unit is large (estimated average unit size is Â±950 SF) and bright with an attractive layout.
Listing provided courtesy of
, GIG Real Estaate Inc.
Additional Property Details
Gross Operating Income
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