13
Map
$380,000
●
Land -
For Sale
2131 Hanscom Drive
South Pasadena, CA 91030
Studio
0 Bath
$1,866
Est. Monthly
About This Property
This prime, ready-to-develop lot is nestled in the highly
sought-after hills of South Pasadena, surrounded by an established
neighborhood with existing infrastructure in place--making it an
exceptional opportunity for both builders and end users alike.
Offering breathtaking views and access to top-rated South Pasadena
schools, this rare parcel provides the perfect canvas to design and
build a truly special custom home. Whether you're an investor
looking for your next standout project or a buyer ready to create
your dream residence, opportunities like this are few and far
between in such a desirable location--don't miss your chance to
bring your vision to life in one of the area's most coveted
communities.
Unit Size
-
Days on Market
174 days
Land Size
0.12 acres
Price per sqft
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Property Type
Land
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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: 6 months ago (CRMLS #P1-26882)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 24, 2026 | Listed by Meridian Capital Realty | $380,000 | |
| Listed by Meridian Capital Realty | |||
| Jun 26, 2025 | Listed | $450,000 | |
| Listed | |||
| | |||
|
Nestled in the hills of South Pasadena, 2131 Hanscom Dr offers a rare opportunity to build your dream home with breathtaking panoramic views. Located in one of the most sought-after neighborhoods, this vacant lot is one of the few remaining with incredible potential and scenery. Enjoy top-rated South Pasadena schools and easy access to nearby hotspots including Old Town Pasadena, Highland Park, DTLA, and the 110 freeway. Surrounded by custom homes and mature trees, this peaceful hillside location blends privacy with convenience. Don’t miss your chance to create a one-of-a-kind home in a prime location!
| |||
Property Highlights
With View
Exterior Details
Lot Features: SprinklersNone
Lot Size Area: 5412
Lot Size Units: Square Feet
Lot Size Acres: 0.1242
Lot Size Square Feet: 5412
Water Source: Public
Comparables
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About South Pasadena
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Listed by: Matthew Helganz, Meridian Capital Realty
Last Updated: 6 months ago
Data Source: CRMLS, MLS# P1-26882
Last Updated: 6 months ago
Data Source: CRMLS, MLS# P1-26882
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