1401 Pomona Lane
About This Property
In addition to the main living areas, the home includes a generous bonus room measuring approximately 16x24 and about 384 square feet. This versatile space features a gas free standing stove and pool table and is ideal for a game room, family room, or additional entertaining area. Step outside to a covered patio complete with an outdoor kitchen that includes a sink and oven, creating an incredible space for gatherings and outdoor living. The property also includes a 9x11 swim spa that is five feet deep, a fully fenced yard, garden space, and blackberry, blueberry, and grape vines.
This property is well equipped with a barn/shop offering 220 power and water, along with a spacious 3 car garage plus a separate 1 car garage, extensive RV parking, and OWNED solar. Recent updates include newer siding, exterior paint, HVAC, tankless water heater, updated windows in 2021, and a newer roof on the garage, along with leaf guards and additional improvements. This is a rare opportunity to enjoy nearly an acre of usable land with room for all your toys, hobbies, and entertaining, while still being close to town amenities.
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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 |
|---|---|---|---|
| Apr 14, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 9, 2026 | Listed by Keller Williams Realty Chico Area | $419,000 | |
| Listed by Keller Williams Realty Chico Area | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017