225 N Lima Street 9, Sierra Madre, California 91024, Sierra Madre, 91024 - 11 bed, 10 bath

225 N Lima Street 9, Sierra Madre, California 91024 home-pic-0
ACTIVE$4,400,000
225 N Lima Street 9, Sierra Madre, California 91024
11Beds
10Baths
10,000Sqft
20,529Lot
Year Built
1888
Close
-
List price
$4.4M
Original List price
$4.4M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
SB25123678
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s), Panoramic
Patio
ViewCity Lights,Mountain(s),Panoramic

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.40M(98th), sqft - 10000(98th), beds - 11(98th), baths - 10(98th).

Welcome to The Pinney House ~ A Timeless Queen Anne Victorian Masterpiece! Step into a piece of history with this majestic 1888 Queen Anne Victorian, one of Southern California's last remaining railroad hotels. Designed by renowned architects Samuel and Joseph Cather Newsom and built by Dr. Elbert Pinney, a Civil War surgeon, this architectural gem is a designated Sierra Madre Historic Landmark. It also benefits from Mills Act tax relief, offering both charm and financial advantages. Prime Location with Scenic Views - Nestled in the heart of Sierra Madre, this property boasts sweeping views of the San Gabriel Mountains and city lights. The expansive 0.47-acre lot features beautifully landscaped English gardens, fruit trees, and multiple outdoor spaces, perfect for relaxation and entertaining. Spacious & Elegant Interiors - Spanning over 10,000 square feet across three stories, the residence offers a variety of living arrangements: Eight bedroom suites, each uniquely appointed with period details and modern comforts. A 3,000 sq. ft. loft space, ideal for creative endeavors or additional living quarters with 2 rooms. Shared amenities include two fully equipped kitchens, a laundry room, an entertainment room, and a formal dining room. Classic Features with Modern Updates - The interior showcases original hardwood floors, decorative fireplaces, restored claw-foot tubs, and period wallpapers. Recent renovations include updated plumbing, wiring, and new HVAC systems, ensuring a blend of historic charm and contemporary convenience. Versatile Use & Investment Potential - With a conditional use permit for operation as a Bed & Breakfast and a variance in place, this property presents a unique investment opportunity. Whether you're seeking a private estate, a boutique hospitality venture, or a combination of both, The Pinney House offers endless possibilities. Key Highlights: 10,000 sq. ft. of living space across 3 stories. Eight bedroom suites and a 3,000 sq. ft. loft with 2 rooms. Two shared kitchens, laundry facilities, and formal dining. Historic Queen Anne Victorian architecture with modern updates. Mills Act tax relief and conditional use permit for B&B operation. 0.47-acre lot with landscaped gardens and mountain views. Experience the grandeur and elegance of The Pinney House where history meets luxury in the picturesque setting of Sierra Madre!

Condition Rating
Good

This historic 1888 Queen Anne Victorian has undergone significant 'recent renovations' including updated plumbing, wiring, and new HVAC systems, ensuring modern functionality within a classic framework. The property is move-in ready, with two fully equipped kitchens featuring traditional cabinetry and stone countertops, and bathrooms with restored claw-foot tubs and well-maintained fixtures. While the aesthetic is period-appropriate rather than contemporary, all major systems are functional and updated, indicating a well-maintained property with minimal wear and tear, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Historic Landmark Status & Architectural Pedigree: Designated Sierra Madre Historic Landmark, this Queen Anne Victorian masterpiece by renowned architects offers unique historical value and prestige.
Mills Act Tax Relief: Benefits from Mills Act tax relief, providing a significant financial advantage through reduced property taxes for a historic estate.
Exceptional Versatility & Income Potential: Includes a conditional use permit for Bed & Breakfast operation, offering diverse investment opportunities beyond a private residence.
Expansive Estate with Extensive Amenities: Boasts 10,000 sq. ft. of living space across three stories, 11 beds, 10 baths, 8 suites, a 3,000 sq. ft. loft, two kitchens, and formal dining, suitable for grand living or hospitality.
Prime Location with Scenic Views & Large Grounds: Nestled in the heart of Sierra Madre on a 0.47-acre lot with beautifully landscaped English gardens, fruit trees, and sweeping mountain and city light views.

Cons

Significant Price Overestimation: The listing price is 28% above the estimated property value, which could lead to buyer resistance and extended market time.
Niche Buyer Pool: The unique historic architecture and large scale cater to a specialized market, potentially limiting the number of interested buyers compared to more conventional properties.
High Maintenance & Operating Costs: A 136-year-old, 10,000 sq. ft. historic property, despite recent updates, will likely incur substantial ongoing maintenance, specialized repair costs, and potentially higher utility and insurance expenses.

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