$700,000
●
Land -
In Contract
437 Devonwood
Altadena, CA 91001
Studio
0 Bath
$3,438
Est. Monthly
About This Property
Price Improvement creating a rare opportunity to purchase a slice
of heaven in Eaton Canyon Park high atop the hill. This exquisite
16,000+ square foot lot is located in an area of quiet solitude. It
is private, elevated & offers the best of all worlds with easy
access to Old Town Pasadena, while being equally accessible to the
quiet majesty of the San Gabriel Mountains soaring just to the
north. The lot has been cleared and is ready to be re-developed.
Phases 1 & 2 have been completed. The photo is of the home prior to
the fire.
Unit Size
-
Days on Market
-
Land Size
0.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1958
Listed By
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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 months ago (SDMLS #260019326SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by eXp Realty of California, Inc. | $700,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Jul 24, 2025 | Listed | $975,000 | |
| Listed | |||
| | |||
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A rare opportunity to purchase a slice of heaven is now available with this beautiful & once-loved 16,000+ square foot lot located in the highly sought after Eaton Canyon Park. It is private and elevated & offers the best of all worlds with easy access to Old Town Pasadena, but is equally accessible to the quiet majesty of the San Gabriel Mountains soaring just to the north. The lot has been cleared and is ready to be re-developed. Phases 1 & 2 have been completed. The buyer is to conduct their due diligence regarding future building requirements, including consulting with LA County and relevant agencies for site clearance, hazardous material removal & environmental remediation. All utilities were previously accessible & buyer will want to verify restoration requirements. This is a "DRIVE-BY ONLY LISTING". Do not enter the property due to current safety protocols. The photo is of the home prior to the fire.
| |||
Property Highlights
Exterior Details
Lot Features: Level
Lot Size Area: 16263
Lot Size Units: Square Feet
Lot Size Acres: 0.3733
Lot Size Square Feet: 16263
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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About Altadena
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Listed by: Karen Van Ness, eXp Realty of California, Inc.
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 260019326SD
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 260019326SD
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