$6,600,000

Location. Location. Location. Nestled in the foothills of the Angeles National Forest, the quiet, bucolic city of Sierra Madre, sits above the hustle and bustle of everyday, modern life. Once a peaceful retreat for entertainment elites seeking rest and relaxation, from Charlie Chaplin and Douglas Fairbanks to The Grateful Dead, Jimmy Hendrix and The Eagles, as well as current entertainers whose privacy is respected and maintained, Sierra Madre remains a tranquil escape for those fortunate enough to call it home. Sierra Madre is one of the last low-density cities in the entire state of California. Its walkable, bicycle friendly, tree lined streets, low-density shopping district, and easily accessible hiking trails including the famous Mount Wilson Trail and the Pacific Crest Trail, now make Sierra Madre one of the most highly desirable and sought after communities in Southern California, by those wishing to escape noisy, polluted, traffic infested environs for the quiet, peaceful and private environment this small city offers. For these reasons and many more, it is difficult to find property for sale in Sierra Madre. In fact, the turnover of real estate in Sierra Madre is so low, that it is incredibly rare to find a legacy property such as this one, on the market. 10 units have been purposely left vacant in order to give future owner more options and freedom to choose their own tenants under their own lease terms and conditions. This property would be ideal for a serious buyer seeking to add to their own family legacy or long-term investment portfolio. Ownership has been in the same family for 75 years. Offer ''Subject to Inspection.'' Property is being sold as-is condition. Buyers to do their own investigations. Seller and listing agent make no representation regarding square footage, room count or lot size. No City rent control. Drive by only, PLEASE DO NOT WALK ON THE PROPERTY.