1557 Poppy Peak Drive
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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 |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | Listed by Allison James Estates & Homes | $3,199,000 | |
| Listed by Allison James Estates & Homes | |||
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Discover a rare opportunity in Pasadena's exclusive Poppy Peak Historic District. Known for its stunning hillside and mountain views, as well as its eclectic mix of Spanish and European-style homes, this property offers a unique bonus a lower-level apartment with a private entrance, perfect for guests or additional living space. Tucked behind lush landscaping for ultimate privacy, the main residence showcases timeless craftsmanship with original paned windows, arched doorways, and rich Oak flooring. The spacious living room, bathed in natural light, features custom moldings, coffered box-beamed ceilings, scenic treetop, and mountain views. The open-plan dining and family room seamlessly connect to an updated kitchen with custom cabinetry, abundant workspace and a walk-in pantry. Step outside, and you're instantly transported winding gardened pathways, vibrant greenery, and the sound of trickling fountains evoke the charm of a secluded Italian villa, creating a truly enchanting outdoor experience. The primary suite offers a tranquil retreat with an updated ensuite bath, hidden built-in closets, and picturesque views. Downstairs, the separate-unit apartment complete with a private entrance, kitchen, bathroom, bedroom or office area, and den with a wet bar offers endless possibilities as a guest suite, income unit, or home office/ creative workspace. The terraced outdoor spaces are designed for relaxation, featuring cozy built-in seating areas, fire-pit and lush, Mediterranean-inspired gardens and tall tree-top canopies. A home that blends character, function, and flexibility, this property is a unique find in one of Pasadena's most sought-after neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017