$2,200,200
●
House -
Off Market
581 MADRE Street
Pasadena, CA 91107
5 Beds
4 Baths,
1
Half Bath
4,481 Ft²
$3,157,343
RealtyHop Estimate
50.35%
Since Jan 1, 2019
CA-Los Angeles
Primary Model
About This Property
LENDER OWNED, REO. The Madre House in very prestigious Chapman
Woods of Pasadena is ready to make your design dreams come true.
The options are remodel the existing home or build up to the
maximum 11,000 SF on the very rare almost one acre flat 40,064 SF
lot. Multi million dollar neighborhood. The windows & sliders are
new from Milgard. The layout is easily adaptable to today's open
floorplan concepts. The large kitchen has a breakfast room and
opens into the family room where large glass sliders give the home
an indoor-outdoor experience. The pool & spa are central to the
back patio and accessible from the family room and bedrooms. The
rooms in the rear of the house can be used as office, gym, or as
guest rooms. Don't miss seeing this special REO opportunity. Sold
as-is.
Unit Size
4,481 Ft²
Days on Market
44 days
Land Size
0.92 acres
Price per sqft
$469
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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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: 9 months ago (CLAW #18405220)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 21, 2018 | Sold | ||
| Sold | |||
| Nov 7, 2018 | Listed by Keller Williams Los Angeles | $2,100,000 | |
| Listed by Keller Williams Los Angeles | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About East Pasadena
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Listed by: Aram Gaboudian, Keller Williams Los Angeles
Last Updated: 9 months ago
Data Source: CRMLS, MLS# 18405220
Last Updated: 9 months ago
Data Source: CRMLS, MLS# 18405220
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