2442 California Street
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Sep 15, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by COMPASS | $949,000 | |
| Listed by COMPASS | |||
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This charming 1925 brown-shingle bungalow in the heart of Berkeley exudes timeless appeal with its high ceilings, graceful archways, and rich wood accents. The open floor plan creates a seamless flow, making the space feel larger than its footprint suggests. A cozy alcove window seat provides the perfect nook for reading or enjoying a beverage in natural light. Both bedrooms feature upgraded Elfa organization systems for efficient storage. The primary bedroom opens through French doors to a large, sunlit back deck with access to the expansive yard, ideal for morning coffee, relaxing, or hosting gatherings. Recent updates include a fully owned 4.8kW solar array, a new HVAC heat pump system with updated ductwork for year-round comfort, and a newly replaced back fence for privacy. The kitchen boasts new flooring, while the exterior shingles have been freshly restained, preserving the home’s classic aesthetic. A detached guest cottage with a new Summit kitchenette and full bath adds versatility for guests, a home office, or a gym. Located in Poet’s Corner, the home is close to cafes, parks, farmers’ markets, and transit options. This property combines classic charm, modern upgrades, and an ideal location, offering a perfect entry into Berkeley’s vibrant real estate market.
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| Dec 17, 2019 | Sold | ||
| Sold | |||
| Oct 9, 2019 | Listed by RED OAK REALTY | $849,000 | |
| Listed by RED OAK REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017