$780,000
●
House -
Off Market
4963 Mount Royal Drive
Eagle Rock, CA 90041
2 Beds
1 Bath
852 Ft²
$1,000,749
RealtyHop Estimate
33.61%
Since Nov 1, 2020
CA-Los Angeles
Primary Model
About This Property
Behind the secure metal door you'll find the stairway to heaven,
and oh what sights you'll see when you ascend to the top. Views to
die for - see the San Bernardino mountains and the snow on Mt Baldy
much of the year. What a spot to sip your coffee and watch the sun
rise! The cottage was built in 1922 and is the perfect Pied-a-Terre
for you and maybe your honey. Freshly redone bath and kitchen make
it modern and fresh, the decks expand the living space to the
outdoors, and a fresh monochrome paint scheme gives you the chance
to add your own splashes of color. A sleeping porch is used as
screened-in sitting area, and the laundry is sheltered outside. You
can hike up another level to make full use of the backyard. At the
street level you'll love the one-car garage for storage or to park
your sports car. You really don't need a car usually because its
less than two blocks to Colorado Blvd, close by a few restaurants
and shops. What more do you need?
Unit Size
852 Ft²
Days on Market
55 days
Land Size
0.12 acres
Price per sqft
$879
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922
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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: 4 months ago (CLAW #20615040)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Compass | $749,000 | |
| Listed by Compass | |||
| Nov 1, 2018 | No longer available | - | |
| No longer available | |||
| Oct 26, 2018 | Listed | $599,000 | |
| Listed | |||
| | |||
|
Come on up the Stairway to Heaven and thrill at being above the busy world below. You can drink your morning coffee and greet the sunrise on the front porch, or do your yoga in the upper back yard and still have that stunning eastern view. This is your classic, charming old timey cottage with a dishwasher thrown in, plus you get your own stairmaster with the 56 steps up to the front porch. Feel like expressing your green thumb? You'll love the drought-tolerant and colorful accent plants, and there's plenty of room to add an herb garden. Coddle the avocado tree and perhaps you can boast your own guacamole, enjoyed at alfresco dinners in the screened-in side porch. All this plus original details like hardwood floors and diamond-shaped panes in the front windows (and let's mention that view again) make this a candidate for becoming your own secluded oasis. If you have kids, you can enroll them at Dahlia Elementary (check with LAUSD for enrollment) and get a top public school education for your little darlings. The manager has listed the unit size as 860 square feet.
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Property Highlights
Air Conditioning
Fireplace
Garage
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About East LA
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Listed by: Tracy King, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20615040
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20615040
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