$915,000
●
Land -
Off Market
2509 Boulder Rd
Altadena, CA 91001
Studio
0 Bath
$4,886
Est. Monthly
About This Property
On one of Altadena's most treasured streets, 2509 Boulder Road sits
in the Country Club neighborhood, just moments from the club, golf
course, and the shops and restaurants of Mariposa Village. The flat
11,725 square foot lot is shaded by old-growth trees and mature
plantings. An approximately 550 square foot casita, a two-car
garage (both fully preserved), and a pool with spa remain at the
rear of the property. This setting provided a poolside
entertaining space between the home & casita giving it a private,
resort like feel. Vegetation that has settled in over decades
frames the area. The neighborhood still boasts many character
homes, and the streets retain the calm beautiful vistas that define
Altadena. Boulder Road is a quiet neighborly community and is not
considered a drive through street. It retains its calm, tree lined,
views of the mountains as well. This was once the site of an
approximately 4,000 square foot two-story home, with five bedrooms
and four bathrooms. With Phase 2 debris removal complete, the
property is cleared and ready for what comes next. The land is
being sold as-is.
Unit Size
-
Days on Market
56 days
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1925
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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 #P1-23780)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2025 | Sold | ||
| Sold | |||
| Sep 27, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by COMPASS | $995,000 | |
| Listed by COMPASS | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Teresa Fuller, COMPASS
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P1-23780
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P1-23780
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