$1,200,000
●
House -
Off Market
386 S Meridith Avenue
Pasadena, CA 91106
2 Beds
2 Baths,
1
Half Bath
2,121 Ft²
$1,944,894
RealtyHop Estimate
77.00%
Since Jul 1, 2015
CA-Los Angeles
Primary Model
About This Property
Classic Pasadena Spanish exterior meets open spaces and ultramodern
design within at this Cal Tech area home. Updated in 2008 with
quality custom features featuring a European style custom kitchen,
African wood floors, Brazilian wood deck, copper plumbing and
tankless water heater. The formal living room features vaulted beam
ceiling, built in bookcases, fireplace and windows on 3 sides. The
large family / dining room also has a fireplace, French doors to
the front patio and a wall of glass doors that open completely to
the rear yard and deck creating a perfect space for indoor- outdoor
entertaining. Upstairs the space is open and airy and contains two
bedroom separated by a large modern bath and a balcony with
mountain views. The landscaped backyard includes a fire pit, spa
and 2 decks. There is also a front courtyard with stone table and
fountain. A two car detached garage with additional gated parking
completes the property.
Unit Size
2,121 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$518
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925
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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 #P0-315003203)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2015 | Sold | ||
| Sold | |||
| Apr 13, 2015 | Listed by Sotheby's International Realty, Inc. | $1,098,800 | |
| Listed by Sotheby's International Realty, Inc. | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Southeast Pasadena
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Listed by: Lynne Jennings, Sotheby's International Realty, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-315003203
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-315003203
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