126 E Highland 3, Sierra Madre, California 91024, Sierra Madre, 91024 - 0 bed, 0 bath
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Sierra Madre, California 91024
This Value-Add Triplex Asset is listed at $1,499,999, representing a stable entry point at its $1,504,090 Fair Market Value. The property holds a Condition Rating of 4, featuring dated 1959 infrastructure that presents a clear path for forced appreciation through interior modernization. A key highlight is the Vacant Unit, allowing for immediate market-rate leasing or a strategic owner-occupancy. Boasting Mountain Views and a prime location within the Pasadena Unified district, this is a high-demand rental asset. It is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 E Highland 3 Subject | $1,499,999* List Price | 0 | 0 | 2,672 | $563 | - |
A 288 290 Mariposa Sold | $1,300,000 | 4 | 3 | 2,269 | $573 | 0.6 mi |
B 288 290 Mariposa Avenue Sold | $1,300,000 | 0 | 0 | 2,269 | $573 | 0.6 mi |
C 87 Auburn Pending | $1,350,000 List Price | 0 | 0 | 2,008 | $672 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, this triplex is functional but dated. Interior photos reveal popcorn ceilings and wall heaters instead of modern central HVAC, and exterior shots show window AC units. While the property is well-maintained with a newly paved driveway, the systems and interior finishes appear to be over 20 years old and require modernization to meet current market standards.
Situated in the highly desirable Sierra Madre community, this property is located on a quiet, tree-lined street just blocks from downtown shops and dining, ensuring high tenant demand.
With one unit recently vacated, the property offers a perfect opportunity for an owner-occupant or an investor to renovate and secure market-rate rental income immediately.
The property features a newly paved asphalt driveway and a large, shared grassy backyard with fruit trees, providing rare outdoor living space for a multi-family asset.
Built in 1959, the property may require capital improvements or modernization of major systems to maintain competitiveness and reduce long-term maintenance costs.
The three-car carport provides only one space per unit, and the reliance on communal laundry facilities may be a drawback for tenants seeking more private, modern conveniences.
Great Triplex located in the desirable community of Sierra Madre, on a tree-lined street, just a few blocks to the downtown & shops. Charming façade with one larger downstairs unit w/hardwood floors, dining area, den, built-in oven & microwave, cooktop & dishwasher. All three units are two bedrooms one bath with ample room sizes. Each upstairs unit has a landing/balcony, The downstairs has a cozy side patio. Three car roomy carport with individual storage/closet units and a communal shared washer & dryer. Newly paved asphalt driveway and a large grassy area with fruit trees to the rear to be used by the tenants …perfect for lounging or to barbeque. Unit 2 upstairs recently vacated so a perfect opportunity for updated income or an owner occupy. A great opportunity to invest in this wonderful quaint foothill neighborhood!!! Family trust. Per City zoned R-3 13 with possibility to add 800 sq ft ADU at rear (please confirm with city planning dept)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,672 | 2,269 | 80% |
| Lot Size | 7,468 | 9,507 | 40% |
| Price | $1.50M | $1.30M | 80% |
| Price per sq ft | $561 | $573 | 40% |
| Built year | 1959 | 1924 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 130 | 20% |
May 1, 2026
$1,499,999
Initial Listing