
Sierra Madre, California 91024
This Turnkey Dual-Unit Estate is a Prime Investment Opportunity listed at $1,898,000—positioned well below the $1,947,731 Fair Market Value by 2%. This valuation gap offers $49,731 in Instant Equity. The property features a renovated main residence and a new 1,200 sqft ADU, maintaining a Turnkey Condition Rating with quartz countertops, wood flooring, and a private deck and patio. Located in the Pasadena Unified School District near Old Town Sierra Madre, it balances lifestyle luxury with significant rental upside. This is a perfect match for Owner-Occupants or Multi-generational Families seeking a high-quality, income-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78 E Highland Avenue Subject | $1,898,000* List Price | 5 | 5 | 2,894 | $673 | - |
A 288 290 Mariposa Active | $1,550,000 List Price | 4 | 3 | 2,269 | $683 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in turnkey condition, featuring an extensively renovated main house and a newly built 1,200 sqft ADU. The interiors boast modern high-end finishes including quartz countertops, stainless steel appliances, contemporary wood flooring, recessed lighting, and updated bathrooms with floating vanities. All major systems and aesthetic components appear new or virtually new, meeting the highest quality standards.
The property features a main residence and a newly built 1,200 sqft ADU with an established short-term rental history, offering immediate cash flow or flexible multigenerational living.
Ideally situated within walking distance to Old Town's vibrant shops and cafes, while providing direct access to premier hiking trails like Mount Wilson and Bailey Canyon.
Both units are fully updated with high-end features including quartz countertops, stainless steel appliances, and wood flooring, requiring no additional renovation investment.
With two large residences occupying the 9,687 sqft lot, private outdoor space and yard depth may feel limited compared to single-family homes in the area.
The detached garage is currently positioned for storage or JADU conversion, which may lead to parking congestion for a property supporting five total bedrooms.
Prime Sierra Madre Location. Walk to Old Town. Ideally located just around the corner from charming Old Town Sierra Madre, property offers the best of small-town living with a vibrant village feel. Nestled in the foothills, this neighborhood is known for its timeless charm, peaceful setting, & scenic beauty—one of the most beautiful cities tucked away from the hustle and bustle of everyday life. Enjoy easy access to boutique shops, cozy cafés, popular restaurants, weekend farmers markets, and nearby parks. Outdoor enthusiasts will love the proximity to renowned hiking and nature trails such as Bailey Canyon, Mount Wilson Trail, & the Sierra Madre Canyon trails, offering breathtaking views, fresh air, & an active lifestyle right at your doorstep. This fully legal, established short-term rental property is consistently booked and ready for a seamless transition—perfect as a small business venture, retirement income stream, or multigenerational living solution. Front home is a beautifully updated single-level residence offering over 1,700 sqft with 3 bedrooms and 2.5 bathrooms, plus a permitted 540 sqft addition. The open floor plan is filled with natural light and designed for modern living, featuring wood floors, recessed lighting, wood shutters, and multiple sliding glass doors for seamless indoor-outdoor flow. The kitchen is a standout with quartz countertops, bar seating island, stainless steel appliances, roof vent, undermount sinks, and sleek black hardware finishes. The spacious primary suite includes a walk-in closet, updated bathroom with floating vanity, and direct access to a private outdoor deck. The inviting family room features an electric fireplace, creating a warm and comfortable gathering space. At the rear, a newly built and fully permitted 1,200 sqft ADU offers 2 bedrooms and 2 bathrooms with its own open kitchen, living area, central HVAC, and abundant natural light—ideal for rental income or extended family. Additional highlights include a concreted driveway for ample parking, updated vinyl fencing, well-graded and low-maintenance landscaping, and a detached garage/storage space with potential for a JADU conversion. Both residences enjoy private outdoor spaces with plenty of yard to relax and entertain. Everything has been tastefully upgraded, making this a true turnkey opportunity in an unbeatable location. A rare property combining income potential, flexibility, lifestyle, and long-term upside—this is one you don’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1947 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 20, 2026
$1,898,000
Initial Listing
Apr 14, 2021
$1,020,000
Public Record
Oct 31, 2007
$587,000
Public Record