581 Westover Place
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | Listed by COMPASS | $3,880,000 | |
| Listed by COMPASS | |||
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Situated in the tranquil cul-de-sac of South Arroyo Seco, within one of Pasadena's most sought-after neighborhoods, this hidden treasure is enveloped by verdant trees, offering unmatched serenity and seclusion. Meticulously designed and thoughtfully restored, this residence seamlessly combines timeless allure with contemporary opulence.Encompassing 3,447 sq. ft., the primary dwelling comprises four generously proportioned bedroom suites, each exuding comfort and refinement. The living room is centered around a magnificent marble-surround fireplace, while the sunroom is bathed in natural light streaming through expansive glass windows and doors. The formal dining room showcases designer wallpaper and leads to a chef's kitchen with a quartz-topped island and high-end stainless steel appliances, ideal for culinary enthusiasts.The family room seamlessly connects to the backyard, allowing you to relish the beauty of the lush surroundings and hillside vistas. Furthermore, a newly constructed 440 sq. ft. guest house offers a perfect retreat for visitors or extended family, complete with a kitchenette, full bath, and laundry hook-ups.The exterior of the residence showcases a freshly stamped and stained concrete courtyard and driveway, enhancing the property's curb appeal. Positioned in a prime location with convenient freeway access, this property is also in close proximity to Old Town Pasadena and Downtown LA, offering the perfect blend of peaceful living and urban convenience.This exceptional property is more than just a residence; it embodies a lifestyle. Seize the opportunity to own this rare gem in one of Pasadena's most distinguished communities.
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| Nov 29, 2023 | Sold | ||
| Sold | |||
| Sep 26, 2023 | Listed by Sotheby's International Realty, Inc. | $2,700,000 | |
| Listed by Sotheby's International Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017