2512 Hagen Drive
About This Property
One of the standout features is the relaxing patio with fruit trees in the backyard, perfect for unwinding under a nice shade while enjoying the beauty of a well-maintained garden. With a generous lot size, plenty of parkings and the backyard provides ample space for outdoor gatherings or expansion. In fact, with verification from the City of Alhambra, an Accessory Dwelling Unit (ADU) of up to 1,200 square feet is permitted to be built, offering potential for extra living space or rental income.
Many updates and repairs have recently been completed to bring the home to near-perfect condition, allowing the new owner to enjoy the home as it is. This property will be sold as-is, a great opportunity for those seeking a move-in-ready home.
In addition to its charm, the property offers plenty of features for families or those who love to entertain.It located just two blocks from a variety of stores, restaurants, a 24 Hour Fitness, and AMC Theaters in the Atlantic Times Square. Conveniently access to shopping, dining, entertainment, Alhambra schools, and major freeways 10, 60, 710, your daily life is made easy with quick access to everything you need. The home is also close to top educational institutions such as Cal State Los Angeles, Rio Hondo College, and Cal Poly Pomona, making it an ideal choice for students, educators, or anyone seeking a vibrant community.
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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 11, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by RE/MAX ELITE REALTY | $868,000 | |
| Listed by RE/MAX ELITE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017