Est. cap rate

2.1%

Assumed rent, all units

$6,260/mo

Units

2

Price per unit

$900,000

Est. annual NOI

$37,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

5

Bathrooms

5

Building size

2,894 sqft

Lot size

9,687 sqft

Year built

1947

Stories

1

Garage spaces

0

Style

Traditional

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

146

MLS #

239975608

About this property

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.

Location

78 E Highland Avenue

Sierra Madre, Los Angeles, CA, 91024