32 N Lima Street, Sierra Madre, California 91024, Sierra Madre, 91024 - 3 bed, 2 bath

32 N Lima Street, Sierra Madre, California 91024 home-pic-0
ACTIVE$1,195,000
32 N Lima Street, Sierra Madre, California 91024
3Beds
2Baths
1,413Sqft
6,725Lot
Year Built
1924
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$846
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23445
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 1413(50th), beds - 3(50th), baths - 2(50th).

Family home with a nice size guest house on a large lot in beautiful Sierra Madre . You can walk to restaurants , shops, parks, and transportation. Also zoned to be used as a business or enjoyed as living space . In wonderful shape and well designed. The home around 2000 was taken down to the studs. New electrical and plumbing installed. Plus a fire sprinklers system installed. See city for all zoning and permits. Its a must see......

Price History

Date
Event
Price
10/07/25
Price Change
$1,195,000-2.8%
09/13/25
Price Change
$1,229,998-1.6%
07/28/25
$1,249,998
Condition Rating
Fair

The property, originally built in 1924, underwent an extensive 'down to the studs' renovation around 2000, including new electrical, plumbing, and fire sprinklers. While this ensures major systems are functional and updated, the main house's kitchen, with its dark wood cabinets, speckled granite countertops, and early 2000s tile backsplash and flooring, shows signs of being stylistically outdated. The guest house kitchen appears more recently updated with white shaker cabinets and subway tile. Overall, the home is well-maintained and move-in ready, but the primary living spaces reflect a renovation that occurred over 20 years ago, suggesting minor cosmetic updates would be beneficial to meet current aesthetic standards.
Pros & Cons

Pros

Extensive Modernization: The property underwent a significant renovation around 2000, including new electrical, plumbing, and fire sprinkler systems, bringing an older home up to modern standards and reducing immediate maintenance concerns.
Versatile Guest House: Includes a nice-sized guest house, offering potential for rental income, multi-generational living, or a dedicated home office/business space, enhancing the property's utility and value.
Flexible Zoning: The property is zoned for both residential and business use, providing unique opportunities for entrepreneurs or those seeking a live/work environment.
Prime Walkable Location: Situated in desirable Sierra Madre with excellent walkability to local restaurants, shops, parks, and public transportation, offering a convenient and engaging lifestyle.
Generous Lot & Scenic Views: Features a large 6,725 sqft lot and boasts desirable mountain views, enhancing outdoor living space and aesthetic appeal.

Cons

Original Construction Age: Despite extensive renovations, the primary structure dates back to 1924, which might still present some buyers with concerns related to its age or potential historical considerations.
Recent Price Reductions: Multiple price adjustments from the original listing price indicate potential market resistance or an initial overvaluation, which could affect buyer perception and negotiation strategy.
Buyer Due Diligence for Zoning: The listing explicitly states 'See city for all zoning and permits,' placing the onus on the buyer to verify crucial usage details, which could add complexity and uncertainty to the transaction.

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