1944 Montecito Drive
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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.
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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 | Listed by Equity Union | $1,950,000 | |
| Listed by Equity Union | |||
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Sold before processing
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| Jun 10, 2025 | Listed | $2,650,000 | |
| Listed | |||
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Priced Significantly below Zestimate! Set behind a classic brick path in the highly coveted Montecito Park neighborhood of Glendale, 1944 Montecito Drive is a stunning 1924 Tudor-style estate that blends timeless architectural elegance with refined modern updates. Spanning approximately 3,849 square feet, this four-bedroom, four-bath residence offers a rare combination of historic charm and contemporary comfort. Original details, such as steep-pitched rooflines, diamond-pane leaded glass windows, hardwood floors, rich wood paneling, and a restored Batchelder fireplace have been thoughtfully preserved, giving the home a storybook quality that feels both sophisticated and inviting. The spacious formal living and dining rooms are perfect for entertaining, while the chef's kitchen features Carrera marble countertops, top-tier appliances, and a cozy breakfast nook that opens into a den with its own fireplace. Upstairs, the bedrooms are generously sized, with luxurious ensuite baths, marble finishes, and dual walk-in closets offering modern convenience in a vintage setting. A private guest suite with a separate entrance provides flexibility for extended family, guests, or creative workspace needs. Outdoors, the property is equally captivating. Multiple patios, a sparkling pool and spa, and manicured gardens create a private oasis ideal for relaxation or alfresco entertaining. Located within the award-winning La Crescenta school district and moments from the charm of Montrose, 1944 Montecito Drive is a rare opportunity to own a piece of architectural heritage in one of Glendale's most desirable enclaves. Note - Home is not currently staged and photos are from a previous listing.
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| May 22, 2018 | Sold | ||
| Sold | |||
| Mar 22, 2018 | Listed by Keller Williams R. E. Services | $1,825,000 | |
| Listed by Keller Williams R. E. Services | |||
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About Montecito Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017