





Description
Pinney house is a three story Queen Anne Victorian historic landmark, designed by renowned Victorian architects âNewsom Brothersâ, one of the only few authentic Victorian historic architectures in California, the family also designed public buildings:Berkeley City Hall and the Napa Valley Opera House.Pinney receives Mills Act Tax Relief, currently tax is $20233.7 based on Mills act appraised value and estimated market value is $3,754,000 in 2019. For lease w/positive cash cow.For move shoots, event creator etc, many ways to make extra incomes! Over the years, Pinney has been visited by notable guests,Robert Todd Lincoln (Abraham Lincoln's 1st son).With the cityâs developing and economic changes, Pinney has worked as a hotel, a sanatorium for Hollywood celebrities,now an apartment and Currently, an apartment/income property with 8 bedroom Suites and a Loft included 2 rooms w/ 10.5 baths for income property,10 separately electric meters.It also has soaring ceilings w/classic features, re-plumbed, re-wired, HVAC systems, structural support, foundation, also restored w/a grand front porch, Conservatory, Parlor, Library, Formal Dining, remodeled (4)Kitchens. City of Sierra Madre stated there is a chance to get a Conditional Use Permit to operate the property as a "Bed and Breakfast" (B&B hotel) for another passive income purpose in future. The current owners also have given it a loving "makeover" and ready to turn over the ownership of this treasure to someone new.
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