Score
0Altadena, CA
1649 New York Dr
1.3M
2 beds
1 baths
1,008 sqft
2 bd • 1 ba • 1,008 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,325,000
Price/Sq.Ft
$1,314
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 1649 New York Dr, Altadena, CA 91001 boasts a prime location in a desirable area. The modern architectural style, as evidenced by the image, suggests a recent renovation or new construction, which is a significant plus. The exterior features sleek dark siding, large windows, and a stylish frosted glass front door, indicative of high-quality finishes. The landscaping includes drought-resistant ornamental grasses, showing thoughtful design for the local climate. At 1,008 square feet, the home offers an efficient use of space, ideal for those seeking a low-maintenance lifestyle. The asking price of $1,325,000 translates to $1,314.48 per square foot, which, while high, may be justified by the apparent quality of finishes and desirable location. The median income in the area is $114,668, suggesting a affluent neighborhood that could support property values.
The Bad
The property's small size (1,008 sq ft) and limited bedroom count (2 bedrooms, 1 bathroom) may restrict its appeal to a narrow segment of buyers, potentially impacting future resale value. The price per square foot of $1,314.48 is significantly above average for the area, which could make it challenging to appreciate further in the short term. The lack of listed features and property description makes it difficult to fully assess the home's amenities and potential hidden issues. The limited information about the year built and utilities/systems raises concerns about potential maintenance or upgrade needs that are not immediately apparent.
The Ugly
The extremely high price point of $1,325,000 for a 2-bedroom, 1-bathroom home of just 1,008 square feet is a major concern. This valuation may be difficult to justify, even in a hot market. The property's location in Altadena puts it at high risk for wildfires, which could lead to substantially higher insurance premiums and potential evacuation risks. The lack of information about the home's age and systems could hide significant issues or needed upgrades that could be costly for the new owner. The limited space and bedroom count severely restrict the property's versatility and potential for appreciation compared to larger homes in the area.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for affluent single professionals or couples without children who prioritize modern design and low maintenance over space. It would appeal to buyers with household incomes well above the area median of $114,668, likely needing an annual income of $300,000+ to comfortably afford the mortgage and associated costs. The property could also attract design enthusiasts or those looking for a luxurious pied-à-terre in the Altadena area. Investors looking for high-end short-term rental properties might find value, given the attractive modern aesthetic and potential for premium nightly rates.
Not For
This property is not suitable for families requiring more space, as the 2-bedroom, 1-bathroom layout is restrictive. It's also not ideal for first-time homebuyers or those with moderate incomes, given the high price point. Investors looking for cash flow from long-term rentals may find the price-to-rent ratio unfavorable, as the potential rental income (estimated $2,560 for a 2-bedroom based on provided data) would not cover the mortgage and associated costs. Those seeking a home with traditional charm or historic character would likely be disappointed by the modern design.
Demographics
Area Median Income
$114,668
Property History
Price History
Ownership Timeline
$1,325,000Financed
Jul 6, 2023Antranik HairabedianBrian Nguyen, Mengwei Li
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 5, 2023Tanya Barin, Antranik HairabedianAntranik Hairabedian
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Nov 30, 2022Lilian Isadzhanyan, Lilian HairabedianAntranik Hairabedian
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Nov 16, 2022Myrna Joyce Dann, Teresa Ann OchicanoTeresa Ann Ochieano
Affidavit Of Death
Non-Arm's Length Transactions
$550,000Cash Purchase
Nov 15, 2022Teresa Ann OchieanoTanya Barin, Andranik Hairabedian
Grant Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,560
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,325,000
Price/sqft
$1,314
Layout
2 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,121,667
18.1%
Your price is 18.1% above average
Median Price
$1,020,000
29.9%
Based on 6 recent sales
Price per Sq.Ft
$1,016
29.4%
Your price is 29.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 834 Morada Place, Altadena, CA 91001 | $760,000 | 963 | 2 | 1 | $78940.0% | 11/4/2024 |
| 834 E Ladera Street, Pasadena, CA 91104 | $1,010,000 | 1,000 | 2 | 1 | $1,01023.2% | 10/10/2024 |
| 1857 Casa Grande Street, Pasadena, CA 91104 | $1,020,000 | 1,002 | 2 | 1 | $1,01822.6% | 9/1/2024 |
| 1270 N Mar Vista Avenue, Pasadena, CA 91104 | $1,350,000 | 1,100 | 2 | 1 | $1,2276.6% | 8/25/2024 |
| 1700 New York Drive, Altadena, CA 91001 | $900,000 | 871 | 2 | 1 | $1,03321.4% | 8/2/2024 |
| 1458 Allen Avenue, Altadena, CA 91001 | $1,690,000 | N/A | N/A | N/A | N/A | 8/19/2024 |
834 Morada Place, Altadena, CA 91001
Price: $760,000
Sq.Ft: 963
Beds/Baths: 2/1
$/Sq.Ft:
$78940.0%
Sale Date: 11/4/2024
834 E Ladera Street, Pasadena, CA 91104
Price: $1,010,000
Sq.Ft: 1,000
Beds/Baths: 2/1
$/Sq.Ft:
$1,01023.2%
Sale Date: 10/10/2024
1857 Casa Grande Street, Pasadena, CA 91104
Price: $1,020,000
Sq.Ft: 1,002
Beds/Baths: 2/1
$/Sq.Ft:
$1,01822.6%
Sale Date: 9/1/2024
1270 N Mar Vista Avenue, Pasadena, CA 91104
Price: $1,350,000
Sq.Ft: 1,100
Beds/Baths: 2/1
$/Sq.Ft:
$1,2276.6%
Sale Date: 8/25/2024
1700 New York Drive, Altadena, CA 91001
Price: $900,000
Sq.Ft: 871
Beds/Baths: 2/1
$/Sq.Ft:
$1,03321.4%
Sale Date: 8/2/2024
1458 Allen Avenue, Altadena, CA 91001
Price: $1,690,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/19/2024
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