The current owner has decided it's time to move on and is relocating out of state, offering this unique and gorgeous 2 acre estate for sale at a bargain price allowing for a quick sale.  Similar estates of this magnitude sell in the $4 to $6 Million range.  This is most likely the lowest priced property of this stature in the greater Los Angeles area. 

Built in 1912 by the Bradbury Family (known for the City of Bradbury and the famous Bradbury Building in downtown Los Angeles), this property was built to the highest standards.  The main residence is approximately 6,000 sq/ft on three levels (plus large basement, 4th level) and has 4 bedrooms, 4 baths, 5 fire places, library and large kitchen on the first two levels.  The third level could be a separate apartment with 3 bedrooms, 1 bath, full kitchen and large living room.  There is also a detached 1 bedroom, 1 bath apartment over the garage.  All on over 89,000 square feet of beautifully landscaped flat developable land.

Chateau Bradbury Estate is located in the heart of the San Gabriel Valley, just 7 minutes east of Pasadena and only 20 minutes northeast of downtown Los Angeles. 

Just imagine owning this estate, having Hollywood's biggest stars at your home, paying $5,000 to $10,000/day to shoot their movies here.  In just the past 6 months, notable TV shows such as "Bones", "Jericho", and just last week "24" filmed several episodes here, as well as a host of lesser known productions.  IRS tax rules allow 14 days of tax free income from filming per year so this is 100% tax free income.  Filming income averages over $ 100,000 a year and since the current owner doesn't promote the property for filming (all word of mouth) these figures could easily be increased with minimal promotional effort. 

Historically, wedding/special events activities averaged over $800,000 in annual sales, netting over $350,000 per year, with minimal impact. 

Even at current levels, filming income alone will pay YOUR new mortgage.  After all, how many private residences actually generate income. The current owner effectively retired at age 35, living well for the past 20 years exclusively off the income generated from this property. 

This property has no restrictions from future development and should be of interest to developers as well.  Zoning is A-1.  LA County Regional Planning recently gave tentative approval, via their "one-stop" process for a 12 to 13 home development on this property.  However, based on recently built housing developments in the immediate neighborhood it's clear that the County's density restrictions are very conservative.  I would assume the real number would exceed 20 homes.

If you are serious about purchasing this property and would like more information about Chateau Bradbury Estate please contact :

Tim Cragoe

http://www.TimCragoe.com       info@TimCragoe.com

Re/Max Premier Properies

626-229-2210

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