$550,000
●
Land -
Off Market
925 Wapello Street
Altadena, CA 91001
Studio
0 Bath
$2,701
Est. Monthly
About This Property
Don't miss this opportunity to build your dream home in Altadena!
This 7,824 square foot vacant lot offers a rare opportunity to
build a custom home in the scenic and desirable North Altadena
neighborhood. Ideally located north of Altadena Drive and east of
Lake Avenue, formerly the site of a residence lost in the Eaton
Fires, this property is now a clean slate-both Phase 1 and Phase 2
of environmental clean-up have been completed. Utilities were
previously connected to the property, providing a foundation for
future development. Buyers are strongly encouraged to independently
verify future development possibilities and any required
remediation with the County of Los Angeles and other appropriate
agencies. The property is being sold as-is, with all due diligence
the responsibility of the buyer. No warranties are made as to what
may be built. Don't miss this unique opportunity to create
something special in one of Altadena's sought-after areas.
Unit Size
-
Days on Market
41 days
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1938
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Cap Rate Calculator
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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 #AR25090854)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Price Decreased |
$550,000
↓ $35K
(6%) | |
| Price Decreased | |||
| Apr 24, 2025 | Listed by Compass | $585,000 | |
| Listed by Compass | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Altadena
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Listed by: Luther Tsinoglou, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR25090854
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR25090854
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