1240 9th Street
About This Property
Enter onto brand-new luxury vinyl plank flooring, which runs throughout the living spaces, abundant natural from new windows, and sleek modern lighting throughout. Ascend to the upper level, where expansive picture windows frame breathtaking views of Morro Bay and beyond.
The completely remodeled kitchen showcases quartz countertops, chic navy cabinetry, a farmhouse sink, and stainless steel appliances, with a subway tile backsplash. Nearby, a built-in wine bar complements the space with matching quartz counters and stylish cabinetry. The living room offers a new Regency wood stove, perfect for cozy evenings. The primary suite is a sanctuary with an en-suite bathroom featuring a steam-free mirror, quartz counters, custom cabinetry, and a glass-enclosed shower with stunning tile work, including a pebble stone base. You'll relish the sweeping views from the living room, dining room, kitchen, and expansive deck, all set in a serene coastal color palette.
On the lower level, you'll find two guest bedrooms and another beautifully renovated bathroom with luxurious finishes. The extra-wide two-car garage with an upgraded 200amp electrical panel that is EV ready, epoxy flooring, and laundry facilities. Step outside through sliding glass doors to a private oasis, complete with a sauna, spa, irrigated landscaping, and a detached wine room that could easily serve as a perfect office or entertainment space.
This energy-efficient home is equipped with solar power, battery backup, App-controlled appliances, App-controlled state of the art Samsung Electric heater and cooler, and new windows and sliding glass doors. Spectrum high-speed internet service keeps you connected, and outdoor furniture, the hot tub, sauna, and climate-controlled wine shed are all included.
The location is unbeatable-just two blocks from the bay and six blocks from charming restaurants and cafes, with a high-walk-score. Los Osos offers an active outdoor lifestyle, with opportunities for surfing, kayaking, hiking, and biking right at your doorstep.
Offers with concessions will be considered. Imagine the memories you'll make in this stunning home!
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Cap Rate Calculator
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 28, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by Platinum Properties | $1,495,000 | |
| Listed by Platinum Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017