$963,875
●
House -
Off Market
765 Magnolia Avenue
Pasadena, CA 91106
4 Beds
2 Baths
1,812 Ft²
$1,462,424
RealtyHop Estimate
62.67%
Since Apr 1, 2017
CA-Los Angeles
Primary Model
About This Property
This turn-of-the-century Raised Cottage Bungalow is located in the
acclaimed Madison Heights community of Pasadena and has been
thoughtfully maintained throughout the years. Many of the original
architectural appointments remain including casement windows,
vertical grain Douglas fir floors, leaded glass windows, picture
rails, 5-panel doors, window seats, leaded glass built-in china
cabinet and bookcase with original wainscotting. The serenity and
privacy of the lush gardens provide an urban refuge, and offer
numerous fruit trees, water feature and deck perfect for al fresco
dining. Awarded the coveted Pasadena Beautiful Golden Arrow Award,
this home has exceptional curb appeal. Important improvements
include newer hot water heater, dual zone HVAC system, and firebox
rebuild. The garage has been transformed into an artist studio.
You'll appreciate the easy access to Whole Foods, Trader Joe's,
Starbucks and the Fillmore Gold Line station, and close proximity
to Old Pasadena, South Lake Avenue shopping district, Caltech, and
downtown LA.
Unit Size
1,812 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$496
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1907
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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: 2 years ago (CRMLS #P0-317001805)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2017 | Sold | ||
| Sold | |||
| Feb 28, 2017 | Listed by Deasy Penner Podley | $899,000 | |
| Listed by Deasy Penner Podley | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Southeast Pasadena
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Listed by: Kathy Gibson, Deasy Penner Podley
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-317001805
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-317001805
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