1315 Riviera Drive
About This Property
Vaulted ceilings create a seamless flow between the living, dining, and kitchen areas, making it perfect for both relaxing and entertaining. The living room features a striking floor-to-ceiling original flagstone fireplace, ideal for cozying up on cooler evenings. The open kitchen, with its vintage countertops, a second fireplace, and beautiful views, provides ample storage and a breakfast bar. Noteworthy upgrades include a new roof, stainless steel kitchen appliances, new window coverings, and original red oak parquet floors.
The primary bedroom offers a peaceful retreat, complete with a serene view of the lush backyard. Two additional bedrooms provide flexible space for family, guests, or a home office. Step outside through floor-to-ceiling glass doors to discover a private oasis, where a giant oak tree shades a built-in patio deck-perfect for soaking in panoramic views of the San Gabriel Mountains and downtown Los Angeles.
As part of the famous Hastings Ranch Christmas tradition, this home joins the neighborhood in displaying festive outdoor decorations and lights. Its prime location is adjacent to the charming town of Sierra Madre and within walking distance of the sought-after Don Benito School. With easy access to shopping, dining, and major freeways, this home truly has it all!
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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 |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,875,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 5, 2024 | Listed by Seven Gables Real Estate | $1,875,000 | |
| Listed by Seven Gables Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017