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165 Olivera Ln, Sierra Madre, CA 91024

Sale Price: $2,650,000
Jul 19, 20243,449 sqft4 beds4 baths
Listed by: Betty-Jo Tilley
License #: 01001357
Phone #: 310-230-3767
Berkshire Hathaway HomeServices California Properties
Source:
CRMLS Logo
MLS #: 24415147

Property Description

The Treasure of Sierra Madre! Captivating Spanish Colonial Revival designed by infamous architect Gordon Kaufmann, with rich history dating back to 1927, expressed through carefully curated, classic elements of the original period architecture. Naturally bright and private, the main courtyard radiates the grandeur of a flourishing great lawn opposite a breezy colonnade, massive arched front door, terracotta tiled center hall, cathedral ceilings with majestic, delicately carved exposed beams, focal wood-burning fireplace, and built-in cabinetry and millwork. Narrow, natural gauge original oak floors alternate with thick white stucco walls, all accentuated with ornamental ironwork and pops of green and pink through strategically positioned banks of French doors windows. A captivating floorplan encompasses formal living and dining rooms open to sheltered outdoor spaces, providing a harmonious balance of abundance of light and cool shade throughout the day. The spacious kitchen with adjacent breakfast room makes for a stately yet comfortable feel. A flex space such as game room, art, craft, writing studio, game or entertainment area, and office/guest bedroom, surrounded by expansive gardens, completes the first floor. Each of the three upstairs bedrooms, including the primary suite, lends beautiful period accents that elegantly contribute to the airy and generous scale - serving as a perfect canvas for the visionary who will bring this iconic property back to life! Available for the first time in 58 years, the timeless Kaufmann estate encompasses a two-level main house and a three-car garage with second story guest house casita, all majestically situated on nearly three quarters of an acre surrounded by magical serene and private grounds, gardens and pool at the end of the idyllic Olivera cul-de-sac, minutes away from all things downtown Sierra Madre!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$45,060

TurboHome Estimated Value

$2,749,500

$797 sqft

High Valuation
$2,886,975
$837/sqft
Normal Valuation
$2,749,500
$797/sqft
Low Valuation
$2,612,025
$757/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$797/sqft$2,749,500

Neighborhood

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Comparative Value

$2.30M

$2.45M

$2.65M

$3.10M

$3.36M

1743 Claridge St, Arcadia, CA 91006

Sale Price: $2,300,000

Selected Comparable

1145 E Grandview Ave, Sierra Madre, CA 91024

Sale Price: $2,450,000

Selected Comparable

165 Olivera Ln, Sierra Madre, CA 91024

List Price: $2,495,000

Subject Property

165 Olivera Ln, Sierra Madre, CA 91024

Sale Price: $2,650,000

Selected Comparable

656 Gloria Rd, Arcadia, CA 91006

Sale Price: $3,099,888

Selected Comparable

121 Hacienda Dr, Arcadia, CA 91006

Sale Price: $3,360,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
165 Olivera Ln, Sierra Madre, CA 91024

165 Olivera Ln, Sierra Madre, CA 91024

List: $2,495,000

Listed: 7/19/2024

Area:3,449 sqft
Price/sqft:$723
Beds:4
Baths:4
Year Built:
Lot Size:29,605

Comparable Properties

COMPARABLE
Choose comps
121 Hacienda Dr, Arcadia, CA 91006

121 Hacienda Dr, Arcadia, CA 91006

Sale: $3,360,000

2/18/20250.32 mi

Area:3,477 sqft
Price/sqft:$966
Beds:4
Baths:4
Year Built:
Weight:21.9%
165 Olivera Ln, Sierra Madre, CA 91024

165 Olivera Ln, Sierra Madre, CA 91024

Sale: $2,650,000

8/29/20240.00 mi

Area:3,449 sqft
Price/sqft:$768
Beds:4
Baths:4
Year Built:
Weight:21.8%
1145 E Grandview Ave, Sierra Madre, CA 91024

1145 E Grandview Ave, Sierra Madre, CA 91024

Sale: $2,450,000

6/24/20250.70 mi

Area:3,577 sqft
Price/sqft:$685
Beds:4
Baths:5
Year Built:
Weight:19.5%
1743 Claridge St, Arcadia, CA 91006

1743 Claridge St, Arcadia, CA 91006

Sale: $2,300,000

8/30/20240.31 mi

Area:3,051 sqft
Price/sqft:$754
Beds:4
Baths:4
Year Built:
Weight:19.4%
656 Gloria Rd, Arcadia, CA 91006

656 Gloria Rd, Arcadia, CA 91006

Sale: $3,099,888

8/16/20240.77 mi

Area:3,390 sqft
Price/sqft:$914
Beds:4
Baths:5
Year Built:
Weight:17.3%

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