$840,000
●
Land -
Off Market
576 Wapello Street
Altadena, CA 91001
Studio
0 Bath
$4,223
Est. Monthly
About This Property
This premium northern facing lot measures 13,556 sqft (75 ft wide X
180 ft deep approx per plat map) NORTH of Altadena Drive and West
of Lake Avenue. Fast track 3,419 sqft of space plus TWO 2-car
garages! Public records indicate the lost home was 2,018 sqft with
3 bedrooms and 2 baths plus a 2-car garage. Take advantage of fire
rebuild rights and ADU fast tracking: build 10% bigger = a 2,219 sf
home with an attached 1200 sf ADU and two 2-car garages. This prime
lot has completed Phase 1 and Phase 2 clearances from the Army
Corps of Engineers. There is an empty pool at the rear of the
property. The home was destroyed in the recent Eaton Fire in
January 2025, and sold for land value only, as-is and where-is. No
oak trees on this property! Cash offers only.
Unit Size
-
Days on Market
17 days
Land Size
0.31 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1954
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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 days ago (CRMLS #P1-22385)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by Sotheby's International Realty, Inc. | $860,000 | |
| Listed by Sotheby's International Realty, Inc. | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Sold On
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HOA + Taxes
About Altadena
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Listed by: Michael Bell, Sotheby's International Realty, Inc.
Last Updated: 4 days ago
Data Source: CRMLS, MLS# P1-22385
Last Updated: 4 days ago
Data Source: CRMLS, MLS# P1-22385
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