PendingTriplex

288 290 Mariposa

Sierra Madre, CA, 91024

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$1,550,000

MLS: AR26016301

Beds

4

Baths

3

Sq Ft

2,269

Lot

0.22 ac

Year Built

1924

MLS #

AR26016301

Days on Market

64

Listed

Jan 27, 2026

Description

Excellent opportunity to own a single-family residence with a rear duplex in a desirable Sierra Madre location near Old Town. The front unit is a detached single-family home featuring 3 bedrooms and 1 bathroom, completely gutted and remodeled approximately 5 years ago. It offers a living room with a wood-burning fireplace, a formal dining room, and an updated kitchen with granite countertops, soft-close cabinets, and newer appliances. Additional features include LVP flooring throughout, dual-pane windows, recessed lighting, a dedicated laundry room, a basement providing extra storage or flexible use space, and its own private backyard. A new composition roof was also installed on the front house around 5 years ago. The rear duplex includes two units and two one-car attached garage: one garage space is allocated for the single-family home, and the other is dedicated to the one-bedroom, one bath unit. Both units also enjoy a side yard and a backyard. Upstairs: A one-bedroom, one-bath unit with a warm, inviting kitchen featuring wood-paneled walls, open shelving, and ample cabinetry. The kitchen includes a vintage-style range, generous counter space, and a breakfast bar that opens to the living area, creating a comfortable and functional layout. Downstairs: A studio unit with a kitchen, eating area, walk-in closet, and ¾ bathroom. This versatile property offers flexibility for owner-occupants or investors seeking a well-located income opportunity in Sierra Madre.

Location

Sierra Madre, Los Angeles County, CA 91024

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Listed by: Gary Lorenzini · Coldwell Banker Realty

Payment estimate

$11,067

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $155,000 · Loan: $1,395,000

%
Principal & Interest
$8,571
Property tax (1.25%)
$1,615
Homeowners insurance
$300
Mortgage insurance
$581
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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 $54,250 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.

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Local Market Stats

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