$925,000
●
House -
Off Market
323 Monterey Road
South Pasadena, CA 91030
4 Beds
2 Baths,
1
Half Bath
4,021 Ft²
$1,462,510
RealtyHop Estimate
67.14%
Since Oct 1, 2016
CA-Los Angeles
Primary Model
About This Property
This single family residence is a fusion home in the hills of South
Pasadena with sweeping mountain and valley views. Once the
caretaker's residence to a larger estate, this property was later
expanded to serve as a church. It has been through many stages of
preservation and modification over the decades, and is now offered
as an opportunity for someone willing to take on a design/build
project with incredible potential. Measured at 4,021 interior
square feet on a lot in excess of 32,000 square feet, this property
has had significant structural improvements. There is still much to
do. Assessor's data shows 4 beds/1 bath with square footage at
2,869 sq'. The large lot includes flat space below the residence as
well as considerable rear up-slope land. The lower level of this
property includes a series of tandem bedrooms, a 3/4 bath and a
brick floored enclosed sun room with a fire place. This property
may be subject to South Pasadena historic preservation guidelines.
It is close to Metro Gold Line rail service.
Unit Size
4,021 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$218
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1928
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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 #P0-316007590)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2016 | Sold | ||
| Sold | |||
| Aug 16, 2016 | Listed by Sotheby's International Realty, Inc. | $875,000 | |
| Listed by Sotheby's International Realty, Inc. | |||
Property Highlights
Fireplace
With View
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 South Pasadena
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Listed by: Peter Martocchio, Sotheby's International Realty, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-316007590
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-316007590
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