$1,670,000
●
House -
Off Market
296 Cherry Drive
Pasadena, CA 91105
2 Beds
2 Baths
1,383 Ft²
$7,852
Est. Monthly
About This Property
Nestled in tranquil Pasadena, find this Mid-Century gem perched
above a terraced garden of native flora with sweeping views. The
spacious, open layout showcases the hallmarks of iconic mid-century
style, including exposed beams, tile and stone accents, and
floor-to-ceiling glass doors flowing to the scenic outdoors. Meal
prep is a pleasure in the stylish kitchen outfitted with stainless
appliances and abundant counter space. A pair of sunny bedrooms
includes the ensuite Primary, which opens to a serene patio. The
gated rear yard makes it easy to savor open-air living with space
for entertaining and alfresco dining, and a grassy area for play.
Amenities include central AC, long driveway and a covered carport.
Amazing location in the pristine San Rafael Hills puts you close to
the Rose Bowl and Pasadena Old Town, and provides easy access to
the great array of coffee and dining in nearby Highland Park and
Eagle Rock.
Unit Size
1,383 Ft²
Days on Market
76 days
Land Size
0.16 acres
Price per sqft
$1,156
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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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 #24432321)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Price Decreased |
$1,599,000
↓ $99K
(5.8%) | |
| Price Decreased | |||
| Oct 10, 2024 | Price Decreased |
$1,698,000
↓ $91K
(5.1%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $1,789,000 | |
| Relisted | |||
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Property Highlights
Air Conditioning
With View
Fireplace
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 West Pasadena
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Listed by: Tracy B Do, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24432321
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24432321
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