1260 Riviera Drive
About This Property
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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 |
|---|---|---|---|
| Jun 11, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | Listed by eXp Realty of California, Inc. | $1,680,000 | |
| Listed by eXp Realty of California, Inc. | |||
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Your move-in-ready modern retreat awaits in Pasadena's Upper Hastings Ranch enclave. Set against the backdrop of the San Gabriel Mountains, 1260 Riviera Dr is an extensively updated Mid-century ranch offering an elevated lifestyle with its gorgeous design and resort-style backyard. Inside, airy spaces with bamboo flooring are awash with vibrant natural light thanks to an abundance of skylights strategically placed in the home's vaulted ceilings. To the left rests the showcase kitchen equipped with gleaming quartz countertops, custom cabinetry, and a sizable island. Designed for both effortless entertaining and everyday use, the kitchen flows seamlessly to the expansive living and dining areas that comprise the heart of the home. Privately tucked away in its own wing, the luxurious primary suite includes a custom-designed walk-in closet and a spacious ensuite bath, making it the perfect place to recharge. In the reimagined backyard, unforgettable outdoor enjoyment awaits--along with fruitful avocado, apple, cherry, lemon, and pear trees. Here, burgers sizzle on the grill and laughter echoes as loved ones splash in the newly built pool/spa. As the sunset casts a golden glow, you'll sip delicious cocktails and dine al-fresco under the twinkle of string lights overhead. A detached, custom-built home gym studio completes the impressive backyard. With proximity to popular hiking trails, Don Benito Elementary, and Eaton Canyon Golf Course, this is the perfect place to call 'home'!
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| Dec 10, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | Listed by COMPASS | $1,248,000 | |
| Listed by COMPASS | |||
| Oct 4, 2018 | Sold | ||
| Sold | |||
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About Far East Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017