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595 Rim Road
About This Property
From the moment you arrive, the home's classic mid-century lines and sprawling grounds hint at what this property could become with a thoughtful renovation and modern vision. Inside, generous living spaces, abundant natural light and a versatile floor plan provide an excellent foundation for reimagining the home while preserving the architectural elements that make this style so desirable. The property is ready for updating throughout, presenting a unique opportunity for a buyer to customize the residence to their own taste rather than paying a premium for someone else's renovation.
The expansive backyard is one of the property's most impressive features, offering remarkable space, privacy and endless possibilities. Reimagine the grounds with a resort-style pool and spa, outdoor kitchen, multiple entertaining areas, lush landscaping, gardens or expansive lawn areas to create a spectacular private retreat. With nearly 30,000 square feet of land, there is tremendous flexibility to design an indoor-outdoor lifestyle rarely available at this price point.
Located in one of Pasadena's most sought-after residential neighborhoods, the peaceful cul-de-sac setting further enhances the sense of privacy while remaining convenient to everything Pasadena has to offer. Surrounded by beautifully renovated homes, 595 Rim Road combines an exceptional location, substantial lot and desirable mid-century character. Whether restoring its original architectural appeal or transforming it into a sophisticated contemporary residence, this is an exciting opportunity to create a remarkable home and estate in Lower Hastings Ranch. Properties offering this combination of land, location, privacy, size and potential are increasingly difficult to find.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Coldwell Banker Realty | $1,898,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017