1117 Mount Lowe Drive
About This Property
Step back in time to 1928 and discover this beautifully preserved Spanish-style gem, proudly on the market for the first time since its original construction. Located on one of North Altadena's most coveted streets, this 4-bedroom, 3-bathroom home offers a rare blend of historic character and modern flexibility, nestled among peaceful walking trails and mountain views.
Boasting 2,152 sq ft of living space, this residence features original hardwood floors, hand-troweled plaster walls, and a thoughtful layout designed for both comfort and potential. The home includes two primary bedrooms-one downstairs and one upstairs-allowing for multi-generational living, guest accommodations, or even creative reconfiguration.
The main floor offers a warm and inviting family room, a formal dining room, and a charming breakfast nook. The upstairs suite could serve as a luxurious owner's retreat or a whimsical bunkhouse for children. There's also a basement for additional storage or a future wine cellar.
Enjoy tranquil evenings in the spacious backyard or stroll the nearby historic Mt. Lowe Railway Path, just across the street. The oversized 3- to 4-car garage offers exciting potential for conversion into a 2-bed, 1-bath ADU-adding value or creating space for extended family or rental income.
INVESTORS TAKE NOTE – 3-UNIT POTENTIAL:
1. 3 bed / 2 bath downstairs
2. Studio apartment upstairs with private entrance
3. ADU conversion opportunity in the garage
Freshly updated and recently refreshed after surviving the fires, this home is more than move-in ready-it's Altadena family-ready. Full of character, charm, and opportunity, it feels like a page from a Nancy Meyers film-cozy, classic, and timeless.
Let's get families back home to Altadena and breathe life back into this special community.
See Our 3D Virtual Tour & Full Video Marketing Package
Your Altadena dream home awaits!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Sep 27, 2025 | In contract | - | |
| In contract | |||
| Jun 9, 2025 | Price Decreased |
$1,399,000
↓ $130K
(8.5%) | |
| Price Decreased | |||
| Apr 24, 2025 | Relisted | $1,529,000 | |
| Relisted | |||
| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017