540 Mount Washington Drive
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2026 | Sold | ||
| Sold | |||
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Coldwell Banker Realty | $3,995,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 6, 2025 | Listed | $4,295,000 | |
| Listed | |||
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Tucked beyond the gates in lush Mount Washington, a winding drive leads to a rare Mediterranean-Moorish estate set on nearly an acre of verdant grounds. Originally built in 1921 and lovingly restored over the past three decades, this extraordinary retreat encompasses four separate parcels, offering exceptional privacy and scale. Graceful arches, French doors, hand-painted mission beam ceilings, and remarkable historic details define the grand interiors, where sunlight streams through stained glass and walls of windows. The upper-level library, with custom millwork and a decorative mantel, serves as a captivating focal point. The kitchen, featuring Viking appliances and Saltillo tile floors, opens seamlessly to multiple gathering spaces ideal for entertaining. Three bedrooms include a tranquil primary suite with a wood-beamed ceiling and soaking tub. A detached two-bedroom guest house provides flexible use as a multi-generational retreat, artist studio, or income property. Winding pathways meander through olive, citrus, and guava trees, past fountains and terraces, leading to a grand brick patio with an outdoor hearth, an enchanting setting for gatherings large or small. This majestic canyon sanctuary lies within the sought-after Mt. Washington Elementary boundary, just minutes from Pasadena, DTLA, the Music Center, and the vibrant Figueroa corridor, home to some of LA's most exciting restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017