38 Montecillo Drive
About This Property
Nestled in a tranquil cul-de-sac, this exceptional home sits on an expansive 68,000-square-foot lot (over 1.5 acres), one of the largest in the Montecillo neighborhood. This rare property offers unparalleled potential, including the opportunity to potentially add an ADU, making it a truly unique find.
Inside, the spacious kitchen, designed for hosting and entertaining, features Corian countertops and large windows that showcase breathtaking views, allowing abundant natural light to brighten the home. The kitchen includes a large walk-in pantry with a refrigerator, sink, and ample storage space with shelving. Additional highlights include a bonus room ideal for a home office with a view and a laundry room with a sink and extensive countertop space. The primary bathroom features dual sinks and walls in the shower finished with elegant Corian surfaces, offering a modern and seamless look.
The expansive backyard has been newly landscaped and now features brand-new tile work and stylish pavement. This equestrian property offers more than just outdoor beauty, its vast lot size opens the door to countless possibilities, whether for additional structures, equestrian facilities, or luxury outdoor living enhancements. The large deck provides a perfect setting for gatherings, offering panoramic views that stretch far beyond the Rolling Hills Country Club Golf Course. From this vantage point, you can take in the Los Angeles skyline, a peekaboo view of Santa Monica Bay, and even the iconic Hollywood sign on a clear day.
With its new outdoor cooking area, jacuzzi, and extensive outdoor living space, this backyard is a true oasis, blending relaxation and entertainment seamlessly. Tucked away beneath the deck is newly added storage space, further enhancing the property's functionality.
In addition to its unmatched views and potential, this home's prime location offers easy access to the Rolling Hills Country Club Golf Course and the Jack Kramer Tennis Club, providing ample opportunities for leisure and recreation. Situated within the highly sought-after Palos Verdes Peninsula Unified School District, this property offers a rare combination of modern comforts, a tranquil neighborhood setting, and extraordinary development potential.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Dec 30, 2024 | Listed by eXp Realty of California Inc | $2,399,000 | |
| Listed by eXp Realty of California Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017