1006 Berkeley Street
About This Property
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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%.
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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 |
|---|---|---|---|
| Jun 4, 2025 | Price Decreased |
$5,939,000
↓ $110K
(1.8%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed | $6,049,000 | |
| Listed | |||
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Nestled in the scenic College Streets of Santa Monica, this gated architectural gem offers privacy and luxury with stunning ocean, mountain, and city views. Reimagined by Space International Architects, the home features three levels of natural light-filled spaces. Enjoy the open-concept layout and explosive views with a chef's kitchen, dining area, formal living room, and balcony with retractable shade. The primary bedroom offers tranquil ocean views with a full ensuite bathroom and walk-in closet, while the middle level includes three guest bedrooms, two full bathrooms, a family room, office, and a second balcony overlooking the sparkling pool. The lower level boasts a versatile studio, wine cellar, and a beautiful expansive backyard designed by Environmental Landscape Development, with a solar-heated pool, spa, fire pit, and built-in BBQ. Minutes to trendy shops and restaurants on Montana Ave, the Brentwood Country Mart and in the Franklin Elementary School district, this modern, elegant home is a rare find in a desirable neighborhood.
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| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | Listed by Carolwood Estates | $5,995,000 | |
| Listed by Carolwood Estates | |||
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This architectural gem is set in one of Santa Monica's most scenic locations. Perched in the hills of the College Streets, on a rare view lot set back from the street, the home offers a serene blend of privacy and luxury in the heart of the Westside. Thoughtfully updated by Space International Architects, this home spans three levels, designed to maximize natural light and frame the expansive ocean, mountain, and city views. A gated entry and lush hedges introduce the property's inviting front yard, complete with a vegetable garden and native Californian landscaping that attract monarch butterflies and hummingbirds. Step inside to discover a welcoming open-concept living space where the kitchen, dining area, and formal living room flow seamlessly. The recently completed chef's kitchen features top-of-the-line appliances and premium finishes, showcasing an ocean view that transforms meal prep into a scenic experience. A balcony with a retractable shade extends from the living and dining area, creating the perfect setting for morning coffee or evening sunsets. The primary suite, located off the main living space, offers tranquil ocean views and a sense of seclusion, thoughtfully separated from the other bedrooms. Descending to the middle level reveals three guest bedrooms, two full bathrooms, a spacious family room, and a dedicated office that comfortably seats four, ideal for homework or remote work. The second ocean-facing balcony on this level invites relaxation and is perfect for outdoor dining, while convenient features such as the laundry room, linen closet, and ample storage provide effortless functionality. On the lowest level, a versatile studio space with a kitchenette and a climate-controlled wine cellar opens to the expansive backyard. Designed by Environmental Landscape Development, this private retreat features a solar-heated pool and spa, fire pit, and built-in BBQ. The hardscape is softened by natural grass and native landscaping, creating an idyllic setting for poolside gatherings. A secure gated side entrance provides guests and vendors with direct backyard access, ensuring convenience and privacy. With its meticulous design, rare combination of modern elegance, privacy, and an exceptional, walkable location within the Santa Monica-Malibu Unified School District, as well as local shops and restaurants, this home represents a truly unique offering in one of the area's most desirable neighborhoods. It is a sanctuary of coastal living, cherished by only two previous owners.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017