$505,000
●
Land -
Off Market
3079 Maiden Lane
Altadena, CA 91001
Studio
0 Bath
$2,529
Est. Monthly
About This Property
Set atop a gentle knoll in one of Altadena's most special foothill
neighborhoods, 3079 Maiden Lane opens to sweeping views of the San
Gabriel Mountains. The flat 6,840 square foot lot measures 60 by
114 feet and faces east, filling mornings with natural light and
bringing sunset skies to the backyard in the evenings. The San
Gabriels frame the setting, with wide views from the front, back,
and side yards offering a picturesque backdrop throughout the day.
The location also places you within easy reach of Altadena's
beloved hiking trails and parks including beloved Mt. Lowe Park, as
well as the shops and restaurants of Mariposa Village. This was
once the site of a two-story Spanish Colonial Revival home with
three bedrooms, two bathrooms, and 1,925 square feet of living
space. With Phase 2 debris removal complete, the site is cleared
and ready for what comes next. The property is being sold as land
only.
Unit Size
-
Days on Market
25 days
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1940
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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 #P1-23992)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by COMPASS | $515,000 | |
| 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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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# P1-23992
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P1-23992
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