$625,000
●
Land -
Off Market
785 New York Dr
Altadena, CA 91001
Studio
0 Bath
$3,118
Est. Monthly
About This Property
Positioned along a quiet stretch of New York Drive, 785 New York
sits within a classic Altadena neighborhood known for its character
and architectural mix. The 9,000-square-foot flat, rectangular lot
offers an open layout with three thriving crape myrtles in the
backyard, adding texture and greenery for the future resident. The
area is active and welcoming, with a genuine sense of community.
The location provides easy access to local parks, nearby hiking
trails, and the shops and restaurants that make this part of
Altadena so well loved. This is a chance to design something
intentional in an established neighborhood with many occupied
standing structures, space to build, and inspiration all around.
This was once the site of a two story four-bedroom, two-bathroom
home with 1,938 square feet of living space, along with a detached
garage and basement. With Phase 2 debris removal complete, the land
is cleared and ready for what comes next. The property is being
sold as land only.
Unit Size
-
Days on Market
73 days
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1930
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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: 10 months ago (CRMLS #P1-24874)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 20, 2026 | Sold | ||
| Sold | |||
| Oct 28, 2025 | Listed by COMPASS | $635,000 | |
| Listed by COMPASS | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Teresa Fuller, COMPASS
Last Updated: 10 months ago
Data Source: CRMLS, MLS# P1-24874
Last Updated: 10 months ago
Data Source: CRMLS, MLS# P1-24874
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