$1,900,000
●
House -
Off Market
1081 ALTA PINE Drive
Altadena, CA 91001
5 Beds
2 Baths
3,192 Ft²
$2,356,913
RealtyHop Estimate
47.40%
Since Aug 1, 2019
CA-Los Angeles
Primary Model
About This Property
The summer solstice is upon us. Disappear into a secluded
sun-drenched paradise and drift in a serene pool with the San
Gabriel mountains as your backdrop. Wander through over half an
acre of native plants and fruit trees, and access to winding
mountain trails. The U-shaped main house features a double sided
fireplace for the living room and guest bedroom, two more spacious
bedrooms, two bathrooms with skylights and a bright galley kitchen.
Beside the raspberry bush lies a delightful window flanked
guest-suite with kitchenette. The luscious pool has ample deck
space and a cabana. Down the dotted path, sits a breezy Japanese
inspired tea house. Top floor living space with kitchen is
illuminated by large windows. A private bedroom faces a stunning
mountain vista. Outdoor sculptural staircase leads down to a two
room studio, with outdoor lounging. Historic tramway stop footing
sits behind the structure. Together these elements complete a
utopian compound.
Unit Size
3,192 Ft²
Days on Market
32 days
Land Size
0.56 acres
Price per sqft
$501
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 4 months ago (CLAW #19480862)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2019 | Sold | ||
| Sold | |||
| Jun 21, 2019 | Listed by Compass | $1,599,000 | |
| Listed by Compass | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Listed | $1,348,000 | |
| Listed | |||
| | |||
|
Incredible price!! Seller is super motivated!Nestled amongst the trees at 1400 feet this unique property is well situated on a Private Road in beautiful Altadena. The main house, built in 1950, offers sweeping views of Rubio Canyon and the San Gabriel Mountains to the North, and a generous gated front yard to the South. The over sized living room, master bedroom and galley kitchen (with eat in nook) open up to a large terrace for ultimate indoor/outdoor living. The kitchen is well appointed with gleaming cork floors, white quartz counters and beautiful antique tiles. The den, with built in desk also features a large walk in closet, making this room suitable as a third bedroom if one so desired. The den is presently being used as a den/TV room. The theme of large open windows continues throughout this room which also features a double sided fireplace into the living room. The bathroom just off the den includes marble flooring throughout and a mosaic shower with a solar sky light. Hurry this truly unique property will not last! The manager has listed the unit size as 2500 square feet.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Altadena
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Listed by: E. Rosemery Portillo, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19480862
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19480862
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