737 Lakewood Place
About This Property
Located in the prestigious Oak knoll district of southwest Pasadena, this gracious home is full of original architectural details. The main floor is featured with an entry leading to a living room, formal dining room, delightful library and a large breakfast room with an original wall of curved glass windows. There are multiple sets of French doors leading to a real courtyard, pergola, pool, spa and gardens. The upper level has a master suite with a den, walk-in closet, master bathroom. Two additional bedrooms share a bathroom. There is another bedroom with bathroom that has separate stairs to the kitchen. There is a 2car detached garage with bonus rooms and a bathroom above, great for a home office or conversion to in-law quarters ( taped. 487 sq ft) Buyer to verify the permit of the guest house with the city. The property features recent interior painting, seismic retrofitting, copper plumbing, and is completely fenced/gated. Very convenient location to the South Lake street shops, restaurants and downtown Pasadena.
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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 |
|---|---|---|---|
| Jun 11, 2019 | Sold | ||
| Sold | |||
| Oct 20, 2018 | Listed by Re/Max Premier Prop SanMarino | $2,298,000 | |
| Listed by Re/Max Premier Prop SanMarino | |||
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About Southeast Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017