Sierra Madre, CA 91024,321 331 W Sierra Madre BLVD
Sierra Madre, CA 91024,321 331 W Sierra Madre BLVD
Sierra Madre, CA 91024,321 331 W Sierra Madre BLVD
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$3,750,000

$3,975,000

5.7%
Est.Price: ?

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Est. payment /mo

7,838 SqFt


SOLD DATE : 07/27/2022

Key Details

Sold Price $3,750,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 7,838 sqft

Price per Sqft $478

MLS Listing ID AR21156022

Sold Date 07/27/22

HOA Y/N No

Year Built 1922

Lot Size 0.564 Acres

Acres 0.5644

Property Description

Substantial Price Reduction!! Free-standing Building in the heart of Sierra Madre! Originally Crystal Farms Market. This property is approximately 7,838 square feet with an additional basement area of 1,368 square feet not included in the square footage. Located on the corner of Sierra Madre and Lima with excellent visibility. The main floor is approximately 6,940 SF with a large reception and waiting area, small and large conference rooms, large open work area that is currently split into desk pods for an architectural firm. There are also 2 private offices, breakroom with kitchen, two restrooms on the ground floor and a supply room. The second floor is approximately 898 square feet and has a large office and two restrooms. Exposed brick along East and West walls circa 1922, skylights and windows provide excellent natural light throughout the space. The property enjoys two addresses and has two electrical panels providing good potential to split into two units. It has excess parking on a small lot across the private alley. Great for SBA to occupy 51% of the property and lease out the remainder for income! A bonus basement area has 1,368 square feet not included in the square footage. Ample on site parking that can be reconfigured to be more efficient and add additional spaces. The property is zoned commercial use which allows medical, retail, office, R&D, Flex, and many other accessory uses. Please see attached Zoning Use List from the city.

This property has excellent natural light with skylights throughout as well as window lined front and east facing windows. Restored exposed brick circa 1922 gives warmth with an industrial edge. The open layout allows flexibility for many uses. Located in the same block along with Bank of America, Nano Cafe, City Hall, Police Department, The Kensington assisted living facility and Memorial Park. Nestled between Arcadia and Pasadena along the Foothills with excellent access by freeway, Foothill Blvd or Sierra Madre Blvd as thoroughfares.

Location

State CA

County Los Angeles

Area 656 - Sierra Madre

Zoning Commercial

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Building

Lot Description Corner Lot, Near Public Transit

Story 2

Water Public

Others

Tax ID 5768019001

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Linda Vidov • Top Commercial Realty, Inc
Bought with General NONMEMBER • NONMEMBER MRML
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan 

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

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