$500,000
●
Land -
Off Market
230 Highlawn Pl
Altadena, CA 91001
Studio
0 Bath
$2,677
Est. Monthly
About This Property
Don't miss this wonderful opportunity to help rebuild Altadena!
Phase 1 and 2 have been completed. Located on a beautiful
cul-de-sac just south of Altadena Drive, 6 blocks west of Lake Ave,
this approximately 8,086 sq ft lot was razed by the Eaton Fire.
Prior to the fire, there was a 3 bedroom, 2 bathroom, 1,711 sq ft
single family home on the property. Views to the mountains,
proximity to hiking trails and Farnsworth Park were some of the
many things the owners loved about living here. Prior home had gas,
water, electric and sewer connection, but the current condition of
those utilities is unknown. Buyers are advised to independently
verify all aspects of the property with the County of Los Angeles
and appropriate government agencies, including, but not limited to,
lot remediation, future use of the property, rebuilding and
permitting requirements, zoning and lot size. Property is being
sold in as-is condition without warranties or guarantees of future
use. Drive-by only, do not walk on the property.
Unit Size
-
Days on Market
117 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1962
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Cap Rate Calculator
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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: 2 years ago (CRMLS #AR25121274)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Aug 15, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Price Decreased |
$545,000
↓ $55K
(9.2%) | |
| Price Decreased | |||
| May 21, 2025 | Listed by Compass | $600,000 | |
| Listed by Compass | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Garrett Chan, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR25121274
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR25121274
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