929 Descanso Drive
About This Property
Built in 1932, the existing structure offers 1,687 SQFT of living area with 3 bedrooms and 2 bathrooms. One can choose to preserve and remodel the existing structure or tear it down to design and construct a custom luxury estate. The generous lot size provides ample flexibility for a thoughtfully designed floor plan, expansive outdoor living spaces, a pool, or whatever your vision entails.
Whether your goal is to build your dream home from the ground up or develop a high-end project that fits seamlessly into the architectural landscape of La Canada Flintridge, 929 Descanso Dr. offers an extraordinary opportunity to invest in one of Los Angeles County's most prestigious and in-demand communities.
Even better, the property is zoned for the award-winning La Canada High School, which is ranked as the 20th best high school in all of California.
With its unbeatable location and endless potential, this property represents one of the best opportunities in today's real estate market; this is your chance to create something extraordinary.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Dec 17, 2025 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Listed by Real Brokerage Technologies | $2,050,000 | |
| Listed by Real Brokerage Technologies | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017