Offering Memorandum
1736 and 1740 N Sierra Bonita Ave, Pasadena (Altadena)
Offered at $1,700,000
2 Parcels | Mixed Commercial and Residential | 13,973 SF Combined Lot Area | 3 Buildings
Property Overview
1,008 SF Commercial Building | 2,138 SF Commercial Building | 912 SF Single-Family Home (3-Bed, 2-Bath)
Don’t miss this unique opportunity to acquire two commercial buildings surrounded by homes. Create the most convenient restaurant, shop, or office for nearby high-income residents. The front portion is zoned C2 for a variety of uses, and the back is R2, allowing duplex and ADU development. Preliminary discussions with LA County suggest up to four additional units may be possible. Live, invest, or both!
Parcel Information
Parcel 1: APN 5851-003-003
Lot Size: 10,733 SF
Unit 1: 1736 & 1738 N Sierra Bonita Ave | Commercial | 1,008 SF
Unit 2: 1738 ½ N Sierra Bonita Ave | SFR | 912 SF | 3 Bed, 2 Bath
Parcel 2: APN 5851-003-014
Lot Size: 3,240 SF
Unit: 1740 & 1742 N Sierra Bonita Ave | Commercial | 2,148 SF | Storage
Development Potential
- Double the commercial area by adding second stories
- Up to 4 new residential units (verify with LA County)
- Convert existing SFR to duplex
- Build 1 attached and 2 detached ADUs
Mixed Zoning
C2 and R2 zoning: Front 90 ft = C2, Rear 110 ft = R2
Permitted Uses for C2
Permitted Uses for R2
Please confirm all uses with LA County Planning.
Videos
Aerial Video |
House Walkthrough
Rent Projections
Residential
Current rent: $3,000/mo | Est. Market: $3,300/mo
| Unit | Est. Rent |
|---|---|
| Existing SFR | $3,300 |
| New Duplex Unit | $3,300 |
| 2-bed ADU | $2,300 |
| 2-bed ADU | $2,300 |
| 2-bed ADU | $2,300 |
| Total | $13,500 |
Commercial
Current space: 3,146 SF
Est. rents: $1.87/SF to $3.00/SF → $5,900–$9,400/mo
With 2nd story: $11,800–$18,800/mo
Additional Details
View our CoStar Lease Report for commercial comps.
Site Images
Aerial Images
House Images
Commercial Images
