3802 E Summitridge Lane
About This Property
Additional highlights include a temperature-controlled wine cellar, whole-house fan, newer HVAC, water heater, and water softener, as well as a lightweight concrete tile roof. Step outside into your private outdoor entertaining paradise complete with a built-in BBQ island, bar seating, retractable outdoor TV, covered patio with heaters and awning, sparkling pool and spa, lush landscaping, built-in fridge, and an expansive lawn perfect for gatherings. On clear days, soak in Catalina views and enjoy nightly Disneyland fireworks from your own backyard.
The spacious 3-car garage features epoxy floors, custom retractable ceiling storage, and a 32 Amp EV charging outlet. Situated on an expansive lot with potential for an ADU, RV parking, or future expansion, and located in the prestigious Summit View HOA-just minutes from top-rated schools, scenic trails, and major freeways-this home is California living at its finest.
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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 |
|---|---|---|---|
| Jun 3, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Relisted | $2,150,000 | |
| Relisted | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| Jan 13, 2025 | Listed by Christie's International | $2,150,000 | |
| Listed by Christie's International | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017