1233 Sonoma Drive
About This Property
Welcome to 1233 Sonoma Drive, a true gem nestled on one of the few remaining historic blocks in Altadena-where every home was miraculously spared by the fires. Situated on an expansive, nearly 10,000 sq ft lot, this property offers endless potential for a new family or an investor. The home boasts solid bones and is primed for its next chapter. With a bit of vision and TLC, it can be beautifully restored-or start fresh and build the custom home of your dreams. The spacious flat lot easily accommodates an ADU, pool, basketball court, or many other possibilities. Surrounded by magnificent character homes, opportunities like this are increasingly rare in such a timeless, sought-after neighborhood. Property is sold as-is. Don't miss your chance to create something truly special in this classic Altadena enclave.
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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%.
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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by FM Realtors | $899,000 | |
| Listed by FM Realtors | |||
| Apr 7, 2025 | Listed by ACME Real Estate | $743,000 | |
| Listed by ACME Real Estate | |||
| | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017