Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

225 N Lima

Sierra Madre, CA, 91024

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$3,200,000

MLS: CV26055216

Beds

10

Baths

11

Sq Ft

10,000

Lot

0.47 ac

Year Built

1888

MLS #

CV26055216

Days on Market

5

Listed

Mar 14, 2026

Description

Rare opportunity to own a historic estate with built-in income potential in Sierra Madre. The iconic Pinney House, a magnificent 1888 Queen Anne Victorian designed by renowned architects Samuel Newsom and Joseph Cather Newsom, offers approximately 10,000 sq. ft. of living space on a beautifully landscaped 0.47-acre lot. The property currently features eight individual bedroom suites, many with private amenities and separate electric meters, creating excellent income-producing potential. Some suites are currently rented while others are available, allowing the next owner to live on the property while generating rental income. A spacious 3,000 sq. ft. loft provides flexible living space ideal for an owner's residence, creative studio, or additional guest quarters. Rich in historic character, the home showcases grand porches, a conservatory, parlor, library, formal dining room, wide staircases, large windows, restored claw-foot tubs, and beautiful period architectural details throughout. Modern upgrades include updated plumbing, electrical systems, and newer HVAC. The landscaped grounds feature English gardens, ample parking, and scenic views of the nearby San Gabriel Mountains and city lights. Designated as a historic landmark and benefiting from the Mills Act tax relief program, the Pinney House offers a rare chance to own a piece of California history while enjoying potential income from multiple suites.

Location

Sierra Madre, Los Angeles County, CA 91024

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Listed by: Chaoyan Wang · PINNACLE REAL ESTATE GROUP

Payment estimate

$22,529

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $320,000 · Loan: $2,880,000

%
Principal & Interest
$17,695
Property tax (1.25%)
$3,333
Homeowners insurance
$300
Mortgage insurance
$1,200
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Sierra Madre home with as little as 3.5% down using an FHA loan — roughly $112,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Sierra Madre, CA 91024 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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