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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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483 Sturtevant Drive, Sierra Madre – $9,500,000

  • 9 Beds
  • 6 Baths
  • 8,400 Sqft
  • .06 Acres
  • 9 Beds
  • 6 Baths
  • 8,400 Sqft
  • .06 Acres

483 Sturtevant Drive

Nestled against the San Gabriel Wilderness, Sierra Court Cottages offers an investor the opportunity to own a unique 15-cottage community spread across eight (8) parcels in Sierra Madre, totaling 31,712 square feet. The 15 cottages are comprised of various configurations and have been tastefully renovated to preserve the original artistic integrity of the site. Current ownership has invested nearly $1.2 million in capital improvements, including new electrical systems, plumbing, roofing, exterior work, and landscaping. Operating expenses are currently low due to the implementation of resident utility billing (RUBS) across the community, allowing new ownership to operate the asset at a sub-30% expense ratio. The site is eligible for the construction of six (6) ADUs, totaling 3,800 square feet of additional rentable space. Current ownership has initiated the planning process and completed a site survey for construction. By adding the six (6) ADUs, new ownership can achieve a return on construction costs of over 260%.Alternatively, new ownership could opt to sell each parcel individually before or after the ADU construction to realize a premium return on investment. *Listing includes APN #s - 5764-017-006; 5764-017-007;5764-017-008; 5764-017-026;5764-017-011; 5764-017-010;5764-017-009; 5764-017-029*

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Essential Information

  • MLS® #25557095
  • Price$9,500,000
  • Bedrooms9
  • Bathrooms6.00
  • Square Footage8,400
  • Acres0.06
  • Year Built1923
  • TypeResidential Income
  • StatusActive

Community Information

  • Address483 Sturtevant Drive
  • Area656 - Sierra Madre
  • CitySierra Madre
  • CountyLos Angeles
  • Zip Code91024

Amenities

  • Parking Spaces1

Parking

Carport, Driveway, One Space, Uncovered

Garages

Carport, Driveway, One Space, Uncovered

Interior

  • AppliancesDishwasher, Dryer, Washer
  • HeatingWall Furnace
  • # of Stories1
  • StoriesOne, Two

Additional Information

  • Date ListedJune 25th, 2025
  • Days on Market87
  • ZoningSRR1-CUP*

Listing Details

  • AgentDouglas Steinriede
  • OfficeDover Management Corp.
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Douglas Steinriede, Dover Management Corp..

Based on information from California Regional Multiple Listing Service, Inc. as of September 20th, 2025 at 6:56am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.