1371 El Corto Drive
About This Property
Property located near Altadena Golf Course with view of the San Gabriel Mountains. All utilities and sewer were connected prior to Altadena Eaton fire.
Great opportunity to build a brand new dream home in this great street and neighborhood. Property used to have beautiful, approx 2,000 sqft, single level home with pool and you can create another wonderful home in this great location. This property offers unique opportunity to build the home of a lifetime.
This is a burn site and sold AS IS, buyers to satisfy themselves regarding utilities and future use of 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%.
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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 22, 2026 | No longer available | - | |
| No longer available | |||
| Jan 31, 2026 | Relisted | $699,000 | |
| Relisted | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017