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1865 Hanscom Drive
About This Property
Currently improved with an approximately 400-square-foot structure that is considered a tear-down, the property presents a compelling canvas for developers, builders, architects, or end users seeking to design and construct a signature view estate. A concrete driveway already descends to a parking area, while utilities are available in the street, simplifying future planning and development considerations.
Surrounded by a growing collection of striking contemporary residences, Hanscom Drive has become an emerging destination for modern hillside architecture. The property's dramatic topography and elevated position lend themselves to a variety of visionary possibilities-from a sophisticated custom residence with expansive terraces and infinity-edge pool to a one-of-a-kind architectural showpiece designed to maximize privacy, natural light, and panoramic views.
Imagine walls of glass framing spectacular sunsets, seamless indoor-outdoor living spaces, rooftop entertaining decks, and resort-inspired amenities overlooking the San Gabriel Valley and beyond. With neighboring luxury developments demonstrating the street's potential, this is a unique chance to secure a premier hillside site and bring a truly exceptional vision to life.
Whether creating a personal dream residence or a future trophy property for resale, The Hillside Haven offers the rare combination of location, views, scale, and untapped potential that is increasingly difficult to find in today's market.
Buyer to independently verify all development possibilities, zoning regulations, lot dimensions, utility availability, and future use with the appropriate governmental agencies. (note the Ai generated renderings are for inspirational ideas of what could be conceived)
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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 |
|---|---|---|---|
| Jun 16, 2026 | Listed by Douglas Elliman of Ca Inc | $1,200,000 | |
| Listed by Douglas Elliman of Ca Inc | |||
| Oct 7, 2024 | Relisted | $1,200,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jun 17, 2024 | Listed | $1,200,000 | |
| Listed | |||
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Unique Development Opportunity in the Hills of South Pasadena
Discover an unparalleled opportunity in the scenic hills of South Pasadena. This property, perched high with breathtaking westward views, offers a rare chance to create something extraordinary. Located in the coveted South West Hills, this expansive lot is one of the largest remaining and comes utility-ready, simplifying the development process. The existing tiny home is likely a tear down, presenting a fresh start for new construction.
Imagine the possibilities – from luxurious single-family homes to innovative multi-unit developments, this property offers immense potential. South Pasadena is known for its vibrant community, excellent schools, and rich cultural heritage, making new developments highly coveted. Enjoy a peaceful hillside retreat just minutes from top-notch dining, shopping, and entertainment.
Act now – opportunities like this are rare. Contact us today to explore the possibilities and secure your stake in the future of South Pasadena’s prestigious hillside community.
Embrace the chance to build something remarkable in one of South Pasadena's most desirable locations. Your vision awaits – make it a reality.
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About South Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017