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156 S Berkeley Avenue
About This Property
Inside, you'll find NEW wide plank flooring throughout, freshly painted interior and exterior, newly installed recessed lighting, dual-pane windows, updated base moldings, skylights, and abundant natural light.
The remodeled kitchen features stainless steel appliances, a stainless steel farmhouse sink, stone countertops, new cabinetry with soft-close doors and drawers, and a spacious pantry area, creating a stylish and functional space for everyday living and entertaining.
The spacious primary suite offers wall-to-wall closet space, a private balcony leading to the backyard, and a beautifully renovated en-suite bathroom with a double vanity, designer tile, modern fixtures, recessed lighting, a new toilet, and a glass-enclosed shower. There are two additional bedrooms, one of which also features generous wall-to-wall closet storage. An indoor laundry area accommodates side-by-side washer and dryer units for added convenience inside a closet in the bonus room/den."
The large backyard offers multiple fruit trees, providing ample space for relaxing, gardening, or entertaining. The detached two-car garage and expansive gated driveway offer secure parking for multiple vehicles. Additional improvements include a new sewer cleanout and recent fumigation within the last six months, providing added peace of mind.
Surrounded by charming character homes on a picturesque street, this property offers a rare lifestyle bonus: Colorado Boulevard is your cross street. Enjoy front-row access to Pasadena's New Year's festivities and the iconic Rose Parade, making your home a favorite gathering place for family and friends.
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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.
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About Southeast Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017