215 E Sierra Madre Avenue

Description

This exceptional property presents an incredible opportunity for anyone seeking a residential lot with ample space for development, rental income potential, and room to bring their creative vision to life. Boasting an expansive 30,000 square feet, the lot offers endless possibilities for customization and renovation. Currently, the lot includes a spacious 1,951 square foot 4 bed 2 bath home that is down to the studs. Whether you're seeking a primary residence with potential for income-generating ADUs (Accessory Dwelling Units) or looking to invest in a rental property, this lot has the potential to deliver substantial returns. With the addition of ADUs, this property could generate multiple streams of rental income, making it an attractive opportunity for savvy investors.Additionally, if you plan to make this property your primary residence, you may qualify for an SB-9 option, which allows for the creation of a main home, smaller home, ADU, and junior ADU.The rear half of the lot has a pool, and a pad with great south facing views surrounded by nature with great privacy! It's important to note that the buyer and buyer's agent will need to conduct thorough research and due diligence with relevant agencies to ensure compliance with all ordinances, requirements, permits, and approvals. Cash only