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775 Ridge Drive
About This Property
The existing single story residence features 3 bedrooms and 2 bathrooms, an updated kitchen, comfortable and open living and dining areas, fireplace, and seamless access to outdoor spaces, great backyard with covered patio and spa designed to take advantage of the spectacular city and hillside views.
For those looking to create something truly special, the property comes with four RTI-ready permits, offering the opportunity to build an impressive approximately 3,467-square-foot custom residence. Plans include 4 en-suite bedrooms, 4.5 bathrooms, an approximately 1,200-square-foot primary suite with private office, a 15' x 28' pool and spa, extended backyard deck, and a rare permitted rooftop deck designed to capture the dramatic Downtown Los Angeles views.
The four RTI permits include demolition, retaining walls, pool/spa, and the new residence, allowing the next owner to move forward with a significant portion of the planning process already done.
Whether you choose to enjoy the existing home and its incredible views or bring the RTI-ready vision to life, 775 Ridge Dr offers a great opportunity to own, enjoy, and create in the Glendale hills.
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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%.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Listed by Coldwell Banker Hallmark | $1,799,000 | |
| Listed by Coldwell Banker Hallmark | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017