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About This Property
Opportunities like this are rare on Paso Robles' coveted west side. This 3.48± acre parcel has mostly flat, usable land and rises gently to sweeping eastern views, a setting that suits thoughtful design.
The T3N (Neighborhood Zone) designation allows density of up to 12 units per acre, which opens the door to single-family, multi-family, or mixed residential plans. The property also sits within the City of Paso Robles' designated Opportunity Zone, which offers meaningful tax benefits (details are on the City's website) while helping meet the region's strong demand for housing.
Size, location, zoning, and financial incentives seldom come together this well. This is a chance to build a signature project in one of the Central Coast's most vibrant communities.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by RE/MAX Parkside Real Estate | $1,625,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017