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483 Sturtevant Drive

Sierra Madre, CA 91024

– beds
– baths
– sqft
2,448 sqft lot
1923 build
– on site

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*

Listed By CRMLS_CA / Douglas Steinriede / Dover Management Corp.

Last checked: Checking… • Last updated Jun 25, 2025 •

MLS# 25557095 —

The Building

Year Built:

1923
New Construction:

No
Building Area Total:

8400.00
Total Number Of Units:

15
# of Buildings:

12
Stories Total:

1

Interior

Levels:

One, Two
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

Off Sturtevant
Latitude:

34.17028500
Longitude:

-118.04380200

The Property

Property Type:

Residential Income
Zoning:

SRR1-CUP*
Lot Size Area:

2448.0000
Lot Size Dimensions:

25x100
Lot Size Acres:

0.0562
Lot Size SqFt:

2448.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5764017006

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Appliances:

Dishwasher
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport, Uncovered, Parking Space, Driveway
Parking Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/25/25 Jun 25, 2025	Listed / Active	CRMLS_CA	$9,500,000	137.5% (25.1% / YR)
12/31/19 Dec 31, 2019		CRMLS_CA	$4,000,000	-18.4%
8/21/19 Aug 21, 2019		CRMLS_CA	$4,900,000

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This multifamily located in Sierra Madre, CA 91024 is currently for sale for $9,500,000. 483 Sturtevant Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 7 days. This multifamily is in the attendance area of Sierra Madre Elementary-Middle School.

Listing Courtesy of: CRMLS_CA and Dover Management Corp.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:03 on Jul 02.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.