35
Map
1502 Berkeley Drive
About This Property
Recent improvements include exterior painting, landscape cleanup with dead tree removal, sprinkler and irrigation repairs, front yard reseeding, full interior painting, drywall and baseboard repairs, new laminate flooring with underlayment and shoekick molding, kitchen cabinet cleaning and repainting, fireplace painting, kitchen sink and cabinet repairs, smoke alarm installation, flooring preparation, and AC grill installation.
Inside, the home features a comfortable living room with a fireplace, a dining area, and an inviting kitchen with updated flooring, newer-style cabinetry, modern countertops, and appliances, creating a clean and functional space for everyday living.
Down the hall are well-sized bedrooms and bathrooms, offering a practical and comfortable layout.
The spacious rear yard includes a covered patio area and plenty of room for entertaining, gardening, or relaxing outdoors.
Additional highlights include an attached two-car garage and a wide driveway, all situated in a desirable Redlands neighborhood close to schools, shopping, and commuter access.
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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 |
|---|---|---|---|
| Aug 20, 2026 | Sold | ||
| Sold | |||
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by Coldwell Banker Icon | $499,950 | |
| Listed by Coldwell Banker Icon | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017