81 W Montecito Avenue, Sierra Madre, California 91024, Sierra Madre, 91024 - 2 bed, 3 bath
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Sierra Madre, California 91024
This townhome presents a High-Potential Investment Opportunity, listed at $829,000—positioned above the $778,248 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained, original-era interior ready for customization. Featuring a functional dual-suite layout and a private attached patio, this home offers significant value-add potential in a prime village location. With its proximity to scenic hiking trails and local amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 81 W Montecito Avenue Subject | $829,000* List Price | 2 | 3 | 1,389 | $560 | - |
A 448 Mariposa Sold | $884,000 | 2 | 3 | 1,505 | $587 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), this property is well-maintained but largely original. While recent cosmetic improvements like new paint and acoustic ceiling removal have been completed, the kitchen and bathrooms remain dated with 1980s-era cabinetry, tile, and fixtures. It is functional and move-in ready but requires modernization of primary systems and finishes to meet current standards.
Situated just two blocks from Sierra Madre's charming village, the property offers exceptional walkability to local boutiques, restaurants, and scenic hiking trails.
The well-designed floor plan features two spacious bedrooms with en-suite bathrooms and a private two-car attached garage, providing convenience and privacy.
Recent interior painting and the removal of acoustic ceilings offer a clean, modernized canvas for buyers looking to personalize the space without immediate heavy construction.
The property is positioned as an opportunity for customization, implying that the kitchen and bathrooms likely require modern upgrades to reach full market potential.
At $550 per month for a small four-unit complex, the HOA dues are relatively high compared to the limited communal amenities typically found in larger developments.
This beautiful English Tudor style Townhome is nestled in the charming community of Sierra Madre. Ideally located on a quiet street just 2 blocks from Sierra Madre's quaint village. You will love the close proximity to local restaurants, schools, boutique shops, parks, library and Playhouse. This well designed townhome features 2 spacious bedrooms, each with their own full bath, and a shared balcony. The Primary Suite has a large walk in closet. The functional floor plan includes a generous kitchen, an attached dining area, and a convenient laundry room (washer and dryer included) off the kitchen. There is a half bath on the main level. Additional features include central air and heat, private attached patio and a 2 car attached garage. The interior has just been painted and acoustical ceilings have been removed. With only 4 units, the small complex feels like a single family home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,389 | 1,505 |
| Lot Size | 12,876 | 47,793 |
| Price | $829.0K | $920.2K |
| Price per sq ft | $597 | $615 |
| Built year | 1980 | 1987 |
| HOA | $550.0 | $450 |
| Days on market | 16 | 65 |
Jul 6, 2026
$829,000
Initial Listing
Sep 2, 2008
$505,000
Public Record
Jun 13, 2001
$250,000
Public Record
Mar 15, 1995
$207,000
Public Record