$600,000
●
Land -
Off Market
55 Marathon Road
Altadena, CA 91001
Studio
0 Bath
$2,942
Est. Monthly
About This Property
Situated high above Altadena Drive, 55 Marathon Road is a nicely
sized corner lot and a wonderful opportunity for a fortunate Buyer.
Prior to the Eaton Fire, the 1,304 square foot Traditional with 3
bedrooms and 1 bathroom in 1,304 square feet was beautifully
appointed and home to the current owners since August 2023. Phase 1
& 2 have been completed!
Unit Size
-
Days on Market
35 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 years ago (CRMLS #P1-21059)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | Listed by Craig Estates and Fine Properties | $599,000 | |
| Listed by Craig Estates and Fine Properties | |||
| Aug 19, 2023 | No longer available | - | |
| No longer available | |||
| Jul 27, 2023 | In contract | - | |
| In contract | |||
| Jul 18, 2023 | Listed by Deasy Penner Podley | $950,000 | |
| Listed by Deasy Penner Podley | |||
| | |||
|
This beautiful three bedroom, one bath traditional sits at the base of our majestic foothills on a very desirable street. You enter the charming residence via the welcoming living room, with custom built-ins and a decorative fireplace, that is bookended by windows which stream in an abundance of light. In addition, there is a sitting area, an inviting formal dining room, as well as an updated kitchen with stainless steel appliances, a quaint breakfast area and a separate laundry room with pantry. Numerous highlights include wood floors, an elegantly remodeled, spa-like bathroom, ample closet place plus an oversized, attached garage. The interior opens out to an expansive covered patio and also a private fenced yard that offers sweeping views of the regal San Gabriel Mountains rising in the distance. The property showcases idyllic curb appeal, sitting up on a raised knoll, and is landscaped with a variety of California native plantings. This is truly a wonderful place to call home. The manager has listed the unit size as 1304 square feet.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Altadena
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Listed by: Jeremy Hardy, Craig Estates and Fine Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P1-21059
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P1-21059
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