$475,000
●
Land -
Off Market
3015 Highview Avenue
Altadena, CA 91001
Studio
0 Bath
$2,333
Est. Monthly
About This Property
Situated on a spacious 6,867 SF corner lot in one of Altadena's
most sought-after neighborhoods, this property offers a rare chance
to bring your dream home or investment vision to life. Nestled in a
quiet pocket of Altadena with close proximity to parks, shops, and
major freeways, it combines natural beauty with everyday
convenience. Whether you're planning to build a custom home or
explore development potential, the lot's size and location open the
door to a range of possibilities. Zoned LCR175, the site is ready
for development--Phase 1 and Phase 2 debris removal have already
been completed as well as the property survey. Water, gas, and
electric services were previously connected and may be available
for reconnection (buyer to verify). An existing paved driveway,
along with a side driveway, remains on the property, offering
excellent accessibility and flexibility for future construction..
Unit Size
-
Days on Market
134 days
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1947
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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: 12 months ago (CRMLS #P1-23118)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Price Decreased |
$475,000
↓ $50K
(9.5%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed by Berkshire Hathaway Home Servic | $525,000 | |
| Listed by Berkshire Hathaway Home Servic | |||
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: Giusy Mele-Brown, Berkshire Hathaway Home Servic
Last Updated: 12 months ago
Data Source: CRMLS, MLS# P1-23118
Last Updated: 12 months ago
Data Source: CRMLS, MLS# P1-23118
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