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2209 Queensberry
About This Property
Situated on a generous lot, the property features an in-ground swimming pool, a detached two-car garage, and a long gated driveway providing ample parking and privacy. A permitted detached 525-square-foot guest house includes one bedroom, a wet bar, and a private bathroom, offering exceptional flexibility for extended family, guests, a home office, studio, gym, or potential ADU conversion (buyer to verify).
This is a fixer-upper and is ready for renovation, making it an excellent opportunity for investors, contractors, or owner-occupants seeking to build equity while creating their dream home. The spacious floor plan and desirable neighborhood provide an outstanding foundation for a remarkable transformation.
Conveniently located near the 210 Freeway and just minutes from Pasadena's shopping, dining, parks, and entertainment, this property combines location, versatility, and tremendous upside. Bring your vision and discover the possibilities this unique property has to offer.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Relisted | $1,399,900 | |
| Relisted | |||
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Relisted | $1,399,900 | |
| Relisted | |||
| Sep 5, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by Lawyers Realty Group | $1,399,900 | |
| Listed by Lawyers Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017