$1,160,000
●
House -
Off Market
2980 Marengo Avenue
Altadena, CA 91001
6 Beds
2 Baths
2,202 Ft²
$1,525,670
RealtyHop Estimate
45.44%
Since Jan 1, 2020
CA-Los Angeles
Primary Model
About This Property
Rare opportunity in peaceful North Altadena! Beautiful home with
detached 3-bedroom guest unit full of charm and character, with
views of the San Gabriel Mountains graced by fruit trees and
flowering vines. Live in one and rent the other! Front home full of
natural light and classic charm, with open concept living area,
tastefully upgraded with quality finishes throughout. Rear unit
with open concept layout offers garden views and lots of natural
light, opening to serene, over-sized backyard with a very private
feel, perfect for entertaining. Gaze at the starry sky as you fall
asleep to the soothing sound of crickets; wake up to cheerful
songbirds and occasionally flocks of parrots! Hardwood floors,
dual-paned windows, newer roof, newer HVAC, newer appliances.
Endless possibilities with this lot. Move-in ready and a MUST SEE!
Unit Size
2,202 Ft²
Days on Market
40 days
Land Size
0.22 acres
Price per sqft
$476
Property Type
House
Property Taxes
-
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Year Built
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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: 5 months ago (CRMLS #PF19253035)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 9, 2019 | Sold | ||
| Sold | |||
| Oct 30, 2019 | Listed by Redfin Corporation | $1,049,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
Air Conditioning
Fireplace
Comparables
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Status
Type
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ft²
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About Altadena
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Listed by: Sylva Khayalian, Redfin Corporation
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PF19253035
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PF19253035
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