$955,000
●
House -
Off Market
860 Seco Street
Pasadena, CA 91103
2 Beds
1 Bath
1,451 Ft²
$1,147,490
RealtyHop Estimate
46.18%
Since Oct 1, 2019
CA-Los Angeles
Primary Model
About This Property
Tucked away at the center of everything in West Pasadena near the
Rose Bowl, 860 Seco Street encapsulates the feeling of an artist's
retreat. Set back on an expansive lot behind a high wall, this
gated property provides an incredible amount of seclusion in a
dynamic location. The curving span of the Prospect Boulevard Bridge
adds architectural interest and frames the gardens, which are
punctuated by towering palms, tightly coiffed carob trees and
extensive xeriscape plantings. Once part of a larger compound
constructed in 1951, this guest house subdivision has grown over
time to include 2 bedrooms and 2 bathrooms with 1,451 interior
square feet. There are lofted beamed ceilings with clerestory
windows providing extensive natural light to the common areas. The
open-concept kitchen is adjacent to the back terrace and waterfall
feature. A two-car partially enclosed carport is included, as are
paid-for solar panels. This home is a rare Pasadena offering at an
incredibly affordable entry-level price point.
Unit Size
1,451 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$541
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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 #P0-819003886)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2019 | Sold | ||
| Sold | |||
| Aug 20, 2019 | Listed by Sotheby's International Realty, Inc. | $785,000 | |
| Listed by Sotheby's International Realty, Inc. | |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Northwest Pasadena
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Listed by: Peter Martocchio, Sotheby's International Realty, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-819003886
Last Updated: 2 years ago
Data Source: CRMLS, MLS# P0-819003886
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