21875 Sawpit Canyon Road
About This Property
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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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Listed by Real Broker | $319,000 | |
| Listed by Real Broker | |||
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Not all homes are simply lived in—some are experienced. Originally a Pacific Electric Railway car that rolled off the assembly line in 1901, this extraordinary property was relocated to the mountains around 1934 and transformed into a private residence—now thoughtfully restored using authentic materials to preserve its history while enhancing its livability.
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Inside, the home reveals a layered and immersive environment where craftsmanship and character are immediately felt. Every space reflects intentional design, blending warmth, texture, and a sense of discovery that unfolds as you move through the home. Natural light filters through well-placed windows, highlighting curated finishes that feel both nostalgic and refined.
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What sets this property apart is not only its story, but its surviving original elements. From the storage area, remnants of the railcar’s undercarriage—including the original brake line and wheel mounts—remain visible, offering a rare, tangible connection to its past. In the attic, traces of the original electric connection system that once powered the car still exist, a quiet nod to its early 20th-century origins.
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Set among the trees in the peaceful enclave of Cedarpines Park, the property offers a sense of escape while remaining accessible to nearby mountain communities, including Crestline and Lake Arrowhead. For buyers seeking historic homes, architectural significance, or a truly one-of-a-kind property with provenance, this is a rare opportunity to own a piece of California’s transportation history—reimagined as a mountain retreat.
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| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Aug 6, 2021 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017