73 N Baldwin Avenue, Sierra Madre, California 91024, Sierra Madre, 91024 - 2 bed, 3 bath

73 N Baldwin Avenue, Sierra Madre, California 91024 home-pic-0
ACTIVE$1,875,000
73 N Baldwin Avenue, Sierra Madre, California 91024
2Beds
3Baths
2,037Sqft
4,522Lot
Year Built
1922
Close
-
List price
$1.88M
Original List price
$1.88M
Price/Sqft
$920
HOA
-
Days on market
-
Sold On
-
MLS number
AR24227260
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.88M(50th), sqft - 2037(50th), beds - 2(50th), baths - 3(50th).

For over 26 years, 73 - 75 N. Baldwin Avenue has been home to the beloved Four Seasons Tearoom, a place known for its joy, laughter, and countless cherished celebrations. Now, this iconic property is available, ready for you to continue the tearoom’s legacy or with two separate entrances, make it an income producing property or your forever home. This unique property located in the prime location of Sierra Madre make it for the opportunities to be endless. The downstairs features three dining areas; a main dining room that seats 25-30 guests, a garden room accommodating 15-20, and a patio that can host over 35 people with two convenient bathrooms. The kitchen is fully equipped with two commercial refrigerators, a Wolf six-burner stove, an ice maker, a stainless steel hot water urn, and two prep stations. Adjacent to the kitchen, there is an office/laundry space, and outside, a storage area with a freezer. The upstairs with its own private entrance, features two remodeled bedrooms with a remolded quaint culinary kitchen and a remodeled bathroom. Additional amenities include a two-car garage and four extra parking spaces in the driveway. This duplex is brimming with potential. let your imagination run wild with this rare gem turning it into whatever your heart desires! It is a must see.

Condition Rating
Good

Built in 1922, this property features a recently and extensively remodeled upstairs residential unit, including a modern kitchen with white shaker cabinets, stainless steel appliances, and subway tile backsplash, and a remodeled bathroom with contemporary finishes. The downstairs commercial space, formerly a tearoom, boasts a fully equipped commercial kitchen with high-end appliances like a Wolf six-burner stove. While the property's age is a factor, the significant recent updates to the residential portion make it move-in ready and appealing, and the commercial areas are functional and well-maintained for their purpose. The overall condition is good, reflecting substantial recent renovations in key areas despite the historic build year.
Pros & Cons

Pros

Exceptional Versatility & Income Potential: The property is a duplex with two separate entrances, offering immense flexibility for continued commercial use (tearoom legacy), an income-producing rental, or a unique residential home.
Prime Location: Situated in a 'prime location of Sierra Madre,' enhancing its desirability and potential for appreciation.
Fully Equipped Commercial Kitchen: The downstairs features a comprehensive commercial kitchen with high-end appliances (Wolf six-burner stove, commercial refrigerators, ice maker), ready for business operations or extensive entertaining.
Ample Parking: Includes a two-car garage and four additional parking spaces, a significant advantage for both commercial and multi-unit residential use.
Remodeled Residential Unit: The upstairs unit boasts its own private entrance, two remodeled bedrooms, a remodeled culinary kitchen, and a remodeled bathroom, providing a modern and move-in ready living space.

Cons

Historic Property Age: Built in 1922, the property is over 100 years old, which may entail potential for hidden maintenance issues, outdated infrastructure, or higher upkeep costs despite some remodels.
Specialized Commercial Layout: The downstairs layout with multiple dining areas and a commercial kitchen is highly specialized, potentially requiring significant and costly renovations for a full residential conversion.
Limited Residential Bedrooms: With only two bedrooms in total, the property may not meet the needs of larger families or those seeking more extensive residential space for its price point and square footage.

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