4372 Shepherds Lane
About This Property
The 3,408 sq ft single-level home sits on a sprawling 22,300 sq ft flat lot. Period correct mid century modern architectural details flow all throughout the house. The home features three bedrooms and three and a half bathrooms spanning over two wings of the home. The large central living area features floor to ceiling windows with views of the luscious backyard foliage and pool, and sliding door leading to the covered patio for a true California indoor/outdoor living experience. The master bedroom features a large walk in closet & dressing area, master bath, and direct access to the pool. Secure Post alarm system with motion detectors. Dual zoned AC with newer AC unit.
The private back yard with a pool, covered patio area and raised deck is perfect for entertaining guests. An additional private side yard is perfect for an organic garden or for use as a private outdoor space. Located in the desirable La Canada Unified School District. A short drive to Descanso Gardens, Trader Joe's, Gelson's, Montrose, and Pasadena.
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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 |
|---|---|---|---|
| Jul 6, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | Listed by FLOW PROPERTIES | $1,899,900 | |
| Listed by FLOW PROPERTIES | |||
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About La Canada Flintridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017