$750,000
●
Land -
Off Market
3705 Alzada Rd
Altadena, CA 91001
Studio
0 Bath
$3,904
Est. Monthly
About This Property
Set along a private road near Chaney Trail, 3705 Alzada presents an
exceptional opportunity to rebuild on an expansive, park-like
property surrounded by natural beauty. Spanning approximately
39,345 square feet, the property features a pool that remains in
place and a newer, unused septic tank and leach line installed
prior to the Eaton Fire, along with an extraordinary landscape
highlighted by mature cork oaks and other established trees, with
ties to renowned California horticulturist Theodore Payne. Formerly
home to a distinctive architectural residence that evolved over
five decades through the work of Robert F. Gordon, Tim Andersen,
and Fung + Blatt, the property offers a unique opportunity to
create something equally special. The grounds extend up the
hillside and follow the ridgeline, creating an exceptional sense of
privacy just moments from Chaney Trail, Mt. Lowe Road, Sunset
Ridge, and the extensive trail network of the Angeles National
Forest. Public records indicate the previous residence featured
three bedrooms, three bathrooms, and 1,849 square feet of living
space. The property is being sold as land only.
Unit Size
-
Days on Market
52 days
Land Size
0.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1949
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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 months ago (CRMLS #P1-28108)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Listed by COMPASS | $795,000 | |
| 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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Status
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Type
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ft²
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Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Teresa Fuller, COMPASS
Last Updated: 2 months ago
Data Source: CRMLS, MLS# P1-28108
Last Updated: 2 months ago
Data Source: CRMLS, MLS# P1-28108
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