412 ELMWOOD Drive
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed by eXp Realty of California, Inc. | $1,200,000 | |
| Listed by eXp Realty of California, Inc. | |||
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Perched high atop Pasadena's peaceful San Rafael Hills, 412 Elmwood Drive is a design-forward retreat where exceptional privacy, thoughtful updates, and spectacular views come together in perfect harmony. More than just a home, this is a private sanctuary that feels worlds away, yet deeply connected to its lush, natural surroundings. At the street level, a 2-car garage rests near a gated outdoor staircase leading up the verdant hillside. Open the gate, ascend the stairs, and discover your bliss, starting with a whimsical, secluded front patio. Framed by greenery and hidden from the street below, you're instantly transported to a world of peaceful serenity. Inside, a dramatic great room welcomes you with soaring vaulted ceilings, exposed beams, and an expansive picture window that stretches across the space, showcasing the San Gabriel mountains like living art. Bathed in natural light, this open-concept living and dining area is equal parts stylish and inspiring--perfect for intimate gatherings, creative pursuits, or evenings soundtracked by vinyl and conversation. The beautifully designed kitchen features a large skylight, custom cabinetry, premium JennAir appliances, and sleek stone countertops, all anchored by a generous workspace and oversized sink. A nearby powder bath and laundry room add convenience, while Walnut hardwood floors, Heath Ceramics tile accents, and Milgard windows enhance the home's modern yet warm aesthetic throughout. Two spacious bedrooms feature vaulted ceilings and picturesque mountain views, while a third--tucked privately down the hall with French doors to the backyard--makes an ideal studio, office, or creative sanctuary. The bedrooms share a spacious, designer bathroom with a dramatic skylight and dual vanities. Out back, a tranquil, verdant oasis awaits. A partially covered deck draped in vines filters soft, dappled light, surrounded by lush landscaping and mature orange trees--evoking a serene, hidden garden escape. Moments from Little Flower Cafe, the Rose Bowl, Eagle Rock, and Old Town Pasadena, this home blends distinctive architectural appeal, privacy, and an effortless indoor-outdoor lifestyle in one of Pasadena's most desirable enclaves.
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| Dec 10, 2014 | Sold | ||
| Sold | |||
| Sep 12, 2014 | Listed by Hilton & Hyland | $1,125,000 | |
| Listed by Hilton & Hyland | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017