408 Rustic Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Listed by KW The Lakes | $890,000 | |
| Listed by KW The Lakes | |||
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Welcome to 408 Rustic Drive, a beautifully remodeled 2-bedroom, 1-bath home nestled in the tranquil Mount Washington neighborhood of Los Angeles. This home blends modern sophistication with an open floor plan and thoughtfully updated interiors, featuring all-new appliances for a seamless move-in experience. The stylish kitchen boasts high-end stainless steel appliances, striking granite countertops, and elegant cabinetry, creating a bright and inviting space that flows effortlessly into the living area. A permitted patio deck adds tremendous value and potential, offering room to expand with an additional bedroom and bathroom. Step outside to your private backyard oasis, perfect for relaxing or entertaining amidst lush landscaping. The property also includes a second parcel at 414 Rustic Drive, adding 3,416 sq. ft. zoned R1-1-HCR, providing exciting opportunities for expansion or creating your own outdoor retreat (subject to permits and zoning). Enjoy peaceful hillside living just 2 miles from the historic Eagle Rock neighborhood, 3 miles to Highland Park, less than 4 miles to Dodger Stadium, and approximately 4 miles from iconic landmarks like Griffith Park and the Hollywood Sign. Convenient access to the 2 and 5 Freeways, Downtown LA, local parks, hiking trails, trendy cafes, and boutique shops, this location offers an unbeatable lifestyle. Schedule your viewing today and step into your dream home!
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| Oct 25, 2025 | Price Decreased |
$1,095,000
↓ $55K
(4.8%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed | $1,150,000 | |
| Listed | |||
| | |||
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Welcome to 408 Rustic Drive, a beautifully remodeled 2-bedroom, 1-bath home nestled in the tranquil Mount Washington neighborhood of Los Angeles. This home blends modern sophistication with an open floor plan and thoughtfully updated interiors, featuring all-new appliances for a seamless move-in experience. The stylish kitchen boasts high-end stainless steel appliances, striking granite countertops, and elegant cabinetry, creating a bright and inviting space that flows effortlessly into the living area. A permitted patio deck adds tremendous value and potential, offering room to expand with an additional bedroom and bathroom. Step outside to your private backyard oasis, perfect for relaxing or entertaining amidst lush landscaping. The property also includes a second parcel at 414 Rustic Drive, adding 3,416 sq. ft. zoned R1-1-HCR, providing exciting opportunities for expansion or creating your own outdoor retreat (subject to permits and zoning). Enjoy peaceful hillside living just 2 miles from the historic Eagle Rock neighborhood, 3 miles to Highland Park, less than 4 miles to Dodger Stadium, and approximately 4 miles from iconic landmarks like Griffith Park and the Hollywood Sign. With convenient access to the 2 and 5 Freeways, Downtown LA, local parks, hiking trails, trendy cafes, and boutique shops, this location offers an unbeatable lifestyle. your viewing today and step into your dream home!
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About East LA
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