1640 Old Creek Road
About This Property
Own your own hilltop, with awe inspiring views of Whale Rock Reservoir appearing to be an infinity pool spilling into the Pacific Ocean! And to the east you get sunrise and moonrises. Be sure to see the satellite photos on listing supplementals. Enjoy morning coffee or evening wine here or looking at the valley view to the east.
The 4 bedroom, 2 bathroom Manufactured Home, built in 1987, is comfortable, & updated between 2009 and 2012 (Milguard dual pane windows, Metal Roof/Gutters to match garage/shop/studio, Forced Air Heater, various plumbing and electrical). Two wells also updated same time (pumps & 5,000 gallon tank). Newly updated well reports show 6.5 gpm on well #2, 3.1 gpm on well #1, so should meet your needs.
The 5-car garage with studio, shop space and a full bath was added in 2008 as an ag-exempt building. It totals over 1,900 sq ft. and offers many possibilities - check with San Luis Obispo County.
There is storage shed, and the property is fenced, and gated at the driveway. Plenty of room at the home site for you to pursue your interests right there. Light, bright and private.
So many options. Call your Realtor today.
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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 |
|---|---|---|---|
| Feb 22, 2018 | Sold | ||
| Sold | |||
| Dec 15, 2017 | Listed by The Real Estate Company of Cambria | $1,050,000 | |
| Listed by The Real Estate Company of Cambria | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017