
Sierra Madre, California 91024
This property presents a High-Potential Investment Opportunity with a List Price of $1,849,000—positioned above the $1,667,080 Fair Market Value by 10%. While the price reflects a premium, the 19,696 sq. ft. flat lot offers significant upside for development, including potential ADU construction. With a Condition Rating of 5, the home requires a full interior renovation to modernize its 1949 systems. Featuring panoramic San Gabriel Valley mountain views and a spacious layout, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 206 Oak Meadow Road Subject | $1,849,000* List Price | 3 | 2 | 2,238 | $779 | - |
A 51 Rancho Road Sold | $1,775,000 | 3 | 4 | 2,221 | $799 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this mid-century home is over 75 years old and retains a very dated kitchen and bathrooms that appear to be 30-50 years old. The listing description repeatedly highlights the property as a renovation and restoration opportunity, indicating that the systems and interiors require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19696, living area = 2238.
The nearly half-acre flat lot is a rare find in the Sierra Madre foothills, providing exceptional privacy and vast potential for an ADU, swimming pool, or sports court.
The 1949 classic design features desirable floor-to-ceiling windows and a seamless indoor-outdoor flow that maximizes natural light and mountain views.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is positioned as a restoration project, suggesting that the original 1949 systems and finishes likely require substantial capital investment to modernize.
While the home offers 2,238 sq. ft. of space, the mid-century configuration may require structural updates to meet contemporary demands for open-concept living.
Nestled on a peaceful cul-de-sac in the charming foothill community of Sierra Madre, this classic 1949 mid-century modern home presents a rare opportunity to create something truly special. Set on an expansive 19,690 sq. ft. flat lot, the property offers exceptional privacy, beautiful San Gabriel Valley mountain views, and endless possibilities for renovation, expansion, or future development. A welcoming front entry leads into the single-story residence, offering 2,238 sq. ft. of living space with 3 generously sized bedrooms and 2 bathrooms. Step into the spacious living room with fireplace and dramatic floor-to-ceiling windows, which offer views to the backyard and fill the home with natural light. The dining room also enjoys floor-to-ceiling windows with sliding doors that open directly to the patio, creating a seamless indoor-outdoor flow ideal for entertaining. Adjacent to the dining room are the kitchen and a comfortable den located toward the rear of the home. The oversized primary suite features an en-suite bath with a separate sunken tub and shower. Two additional bedrooms share a hall bathroom, while abundant hallway storage enhances the home’s functionality. The true highlight of the property is the expansive park-like setting. The large backyard features lush green lawn, mature avocado, lemon and orange trees, mountain views and a generous patio with a covered section for year round enjoyment. Rarely does a property offer this much usable land in such a serene and private setting. Adding to the appeal is an attached two-car garage, an oversized driveway with possible RV parking, and a separate bonus room adjacent to the garage, ideal for a home office, studio, or workshop. With nearly half an acre, the property offers outstanding potential for a future ADU, swimming pool, sports court, while preserving the enjoyment of the spacious backyard and tranquil surroundings. This hard to find lot presents a unique opportunity to restore, renovate, and personalize a classic mid-century home in one of the most sought-after communities. Located within close proximity to charming downtown with shops, restaurants, parks, famous hiking trails, schools and the celebrated Sierra Madre Playhouse.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,238 | 1,711.353 |
| Lot Size | 19,696 | 8,133.647 |
| Price | $1.85M | $1.47M |
| Price per sq ft | $826 | $852 |
| Built year | 1949 | 1948 |
| HOA | $0 | $140 |
| Days on market | 46 | 49 |
Jul 25, 2026
$1,849,000
Initial Listing