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La Canada Flintridge 91011 La Canada Flintridge
5118 Palm Drive
Photo of 5118 Palm Drive
Sold on Jun 29, 2020

1

Map

$2,055,000
● House - Off Market

5118 Palm Drive

La Canada Flintridge, CA 91011
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,295 Ft²
$2,931,720
RealtyHop Estimate
39.94%
Since Jul 1, 2020
CA-Los Angeles
Primary Model

About This Property

Privately situated amongst the majestic trees of La Canada Flintridge, this 1953 Mid-Century post + beam evokes a magical vision of architecture & tranquility.  Enhanced and expanded in 2001, the renovation remained authentic, focusing on simple materials and indoor-outdoor living.  This timeless design allows visitors to look through windows to other rooms and still see through them to the spectacular outdoor view.  This one of a kind statement home features 3 bedrooms and 2 bathrooms on the main level and a generous master suite + office on the upper level.  The warm & welcoming rooms allow for both expansive living & intimate gatherings.  Nearly 16,000 square feet of grounds filled with Descanso Gardens-like mature landscaping including several Italian Stone pine trees, Canary Island pines, cedar and dozens of camellias, provide total privacy and serene space for entertaining.  Lush foliage, natural stone pathways, and a Balinese inspired teahouse complete this special setting.  Secluded, yet conveniently close to all.  Connected to sewers on bond.  Award winning La Canada Schools.
Unit Size
3,295 Ft²
Days on Market
129 days
Land Size
0.36 acres
Price per sqft
$636
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (CRMLS #P0-820000710)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
Feb 21, 2020 Listed by Coldwell Banker Residential Brokerage $2,095,000
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,831
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 3,554
  • Building Area: 3,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,554
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALTACANYADA
  • Land Acres: 0000000363
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: ALTACANYADA LOT COM N 1 09'25 W 250 FT AND N 89 38'35 W 87.88 FT FROM SE COR OF LOT 39 TH N 45 47'45 W 131.35 FT TH S 52 31'30 W 115.38 FT TH S 45 47'45 ESEE ASSESSOR MAPBOOK FOR MISSING PORTIONTO BEG PART OF LOT 39

Neighborhood

  • School District Name: La Caada Unified School District
  • Census Tract: 460601

Zoning

  • Zoning: LFR120*

Geography

  • Assessors Map Reference: 19-A1
  • Parcel: 5864-015-007
  • Lot: 39
  • Municipality: NORTH /LA CANADA
  • Latitude: 34.2238
  • Longitude: -118.217

    Address

  • Full Address: 5118 Palm Dr
  • Address - House Number: 5118
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: La Canada Flintridge
  • Carrier Code: C008
  • 4-Digit Zip Code: 1656
  • Zip Code: 91011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,384,903
  • Tax Rate Code Area: 15-278

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 2,761,099
  • High Value: 3,391,993
  • Low Value: 2,130,206

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,160,168
  • Assessed Land Value: $1,399,222
  • Assessed Improvements Value: $760,946

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 20-0706613
  • Previous Sale Recording Date: Dec 29, 1999
  • Previous Sale Contract Date: Dec 03, 1999
  • Previous Sale Amount: $563,000
  • Previous Sale Document Type: 39

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About La Canada Flintridge

Stats & Trends

Median Asking:

$2,369,000

Sale Price/ft²

$961

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3344 ft²

Average Home Age

60 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4337 Vista Place, LA CANADA FLINTRIDGE, CA, 91011

$8,800 /mo

  • 6 Beds
  • 2 Baths
  • 3,402 ft²
4337 Vista Place, LA CANADA FLINTRIDGE, CA, 91011 Listing by Jason Berns
Unit for rent at 4406 Vista Place, LA CANADA FLINTRIDGE, CA, 91011

$6,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,725 ft²
4406 Vista Place, LA CANADA FLINTRIDGE, CA, 91011 Listing by Natalia Cerpa
Unit for rent at 3040 Orange Avenue, LA CRESCENTA, CA, 91214

$5,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,736 ft²
3040 Orange Avenue, LA CRESCENTA, CA, 91214 Listing by Michael Shaar

Rentals Near You

Click here to view more rentals in the neighborhood.
CRMLS

Listed by: Heather Scherbert, Coldwell Banker Residential Brokerage
Last Updated: 5 months ago
Data Source: CRMLS, MLS# P0-820000710
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Frequently Asked Questions

When was property at 5118 Palm Drive built and last sold?
The property at 5118 Palm Drive was built in 1953 and last sold on Jun 18, 2020 for $2,055,000.
How much is this home worth?
The estimated value of the home located at 5118 Palm Drive is $2,172,946.
What are some comparable homes to 5118 Palm Drive?
There are currently no comparable homes to 5118 Palm Drive.
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