1521 Marendale Lane
About This Property
Welcome to this beautifully maintained 3-bedroom, 2-bathroom single-level Ranch-style home, ideally located in the highly sought-after Highland Oaks neighborhood of Arcadia. Situated within the prestigious Arcadia Unified School District, this residence offers comfort, character, and convenience on a picturesque tree-lined street.
The home's inviting brick front and circular driveway offer timeless curb appeal. Inside, you'll find a spacious living room with a cozy fireplace, a formal dining room with its own fireplace, and a sunroom featuring a third fireplace-providing warm, welcoming spaces for gatherings year-round. The living room opens to a covered patio, perfect for entertaining or enjoying the peaceful backyard.
Fruit lovers will appreciate the variety of mature fruit trees, including apple, orange, avocado, fig, kumquat, loquat, and more-creating your own private orchard.
Additional features include a detached 2-car garage, central location near parks, shops, and dining, and classic ranch-style charm throughout.
Don't miss this rare opportunity to own a home in one of Arcadia's most desirable neighborhoods!
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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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Listed by Art Del Rey Realty, Inc. | $1,698,000 | |
| Listed by Art Del Rey Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017