$410,000
●
Land -
Off Market
1049 Alpine Villa Drive
Altadena, CA 91001
Studio
0 Bath
$2,087
Est. Monthly
About This Property
This southern facing lot measures 6,153 sqft (80 ft wide X 102 ft
deep approx at its longest side per plat map) NORTH of East
Altadena Drive and east of Lake Ave. Fast track 2,454 sqft of space
plus TWO 2-car garages! Public records indicate the lost home
was 1,140 sqft with 2 bedrooms and 2 baths plus a 2-car garage.
Take advantage of fire rebuild rights and ADU fast tracking: build
10% bigger = a 1254 sf home with an attached 1200 sf ADU and two
2-car garages. Property is connected to a cesspool. This prime lot
has completed Phase 1 and Phase 2. The home was destroyed in the
recent Eaton Fire in January 2025, and sold for land value only,
as-is and where-is.
Unit Size
-
Days on Market
91 days
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1949
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 days ago (CRMLS #P1-23029)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Aug 9, 2025 | Price Decreased |
$425,000
↓ $50K
(10.5%) | |
| Price Decreased | |||
| Jun 22, 2025 | Listed by Sotheby's International Realty, Inc. | $475,000 | |
| Listed by Sotheby's International Realty, Inc. | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Michael Bell, Sotheby's International Realty, Inc.
Last Updated: 3 days ago
Data Source: CRMLS, MLS# P1-23029
Last Updated: 3 days ago
Data Source: CRMLS, MLS# P1-23029
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