$610,000
●
House -
Off Market
375 Redwood Drive
Pasadena, CA 91105
2 Beds
1 Bath
1,082 Ft²
$748,680
RealtyHop Estimate
61.01%
Since May 1, 2017
CA-Los Angeles
Primary Model
About This Property
Back on the market due to no fault of the property. Attention
Contractors, Builders & Home Remodelers, this once lovely cottage
was damaged by fire and is looking for the perfect buyer to bring
back its grace and charm. The home's original layout, consisting of
1082 square feet, contained a large living room with open beam
ceiling and fireplace, adjacent den / sleeping porch, formal dining
room, compact kitchen, 2 bedrooms, 1 bath and a bonus room off the
service porch. Additionally there are two large storage rooms on a
lower level that could possibly be reimagined for other uses.
Located in the desirable San Rafael Hills area of Pasadena the down
slope lot contains 7092 square foot, per assessor. Bring your
tools, bring your imagination and bring this beauty back to life.
Cash only; the property will not qualify for financing. Buyers are
to check with the City planning department and to satisfy
themselves as to any requirements, opportunities, or zoning
restrictions affecting the rehabilitation or expansion of the
property. This is a Probate with no court confirmation.
Unit Size
1,082 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$430
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020
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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 #P0-317001266)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2017 | Sold | ||
| Sold | |||
| Mar 2, 2017 | Listed by Sotheby's International Realty, Inc. | $465,000 | |
| 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 West Pasadena
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Listed by: Lynne Jennings, Sotheby's International Realty, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-317001266
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-317001266
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