Listed by: Teresa Ruelas, The Agency
$2,625,000
●
House -
Off Market
1707 Monterey Road
South Pasadena, CA 91030
3 Beds
3 Baths
2,040 Ft²
$11,780
Est. Monthly
About This Property
Welcome to this architectural gem in one of South Pasadena's most
coveted neighborhoods. Situated on a tree lined street, this
Craftsman home exudes the best of South Pasadena living and is a
gorgeous example of the arts and crafts movement that defines this
area. With its many original details and built-in features
throughout, this bright and spacious home has been well maintained
and updated to enjoy its historically rich elegance with modern
comfort. The home boasts three bedrooms, three bathrooms, living
room, library, dining room, updated kitchen, and den. The large
backyard, with its two decks, large lawn, mature trees and tall
hedges, is ideal for entertaining, dining al fresco, or enjoying
its serenity and truly completes the home and the lifestyle that
goes with it. A stone's throw away from eateries and shopping and
Marengo elementary school.
Unit Size
2,040 Ft²
Days on Market
31 days
Land Size
0.19 acres
Price per sqft
$1,176
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1909
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (CRMLS #P1-18508)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | Listed by The Agency | $2,399,000 | |
| Listed by The Agency | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About South Pasadena
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Listed by: Teresa Ruelas, The Agency
Last Updated: 3 years ago
Data Source: CRMLS, MLS# P1-18508
Last Updated: 3 years ago
Data Source: CRMLS, MLS# P1-18508
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