1121 Highland Oaks Drive
About This Property
The existing single-story home encompasses approximately 1,885 square feet with 4 bedrooms and 2.5 bathrooms. Original mid-century details include vaulted wood-beamed ceilings, wood paneling, hardwood flooring and a prominent brick fireplace. Multiple living areas provide flexibility, while the primary bedroom offers abundant built-in storage and a private bath. Built by the same family in 1953, the property has never before been offered for sale or placed on the market since its original construction, making this a truly rare generational offering.
The expansive grounds feature a large existing swimming pool, mountain views, broad street frontage, a circular driveway with extensive parking and a two-car garage. The home requires renovation and is offered in its present condition, creating an exceptional canvas for buyers seeking to restore its original character, undertake a transformation or capitalize on the lot's tremendous potential to create an entirely new custom estate.
Located within the acclaimed Arcadia Unified School District and conveniently close to Highland Oaks Elementary School and Foothills Middle School, as well as shopping, dining, parks and the scenic San Gabriel foothills, this property offers a combination of lot size, dimensions, location and development potential that is increasingly difficult to find in Highland Oaks. Whether renovating the existing residence or starting fresh, this is a compelling opportunity to create your dream home on a substantial 90' x 203' lot surrounded by newer custom residences.
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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%.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by Coldwell Banker Realty | $1,298,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017