Listed by: Jennifer Dawson, Platinum Properties
$519,000
●
House -
Off Market
1823 Shepherd Drive
Paso Robles, CA 93446
2 Beds
2 Baths
1,288 Ft²
$2,602
Est. Monthly
$5
HOA / Fees
5.21%
Cap Rate
About This Property
Welcome to 1823 Shepherd Drive!
Don't miss this opportunity to own the highly sought-after Cavalier Model in this vibrant 55+ community! This special unit boasts an additional 200 square feet not commonly found in other homes here, providing extra space and flexibility. You will enjoy 2 bedrooms, 2 bathrooms, a bonus room off the kitchen, and 1,288 square feet of living space.
Freshly painted with new carpet, this home is move-in ready. Other standout features include dual-pane windows, custom cabinets, and an HVAC system that was updated in 2021. Plus, the garage door opener was replaced in 2022 for added convenience.
The home features beautiful new porcelain tile flooring throughout, offering durability and style, while the bedrooms provide the comfort of newer carpet for a cozy retreat. Additional updates since 2023 include the removal of all popcorn ceilings, fresh interior paint, elegant crown molding, and chair rail detailing. New six-inch baseboards have been installed for a refined touch, and the kitchen cabinets have been refinished and professionally painted. A new stainless steel microwave adds to the kitchen's modern feel.
The spacious backyard offers plenty of room for gardening or simply relaxing outdoors. This quiet and welcoming neighborhood is the perfect place to call home on the Central Coast. Whether you're looking to downsize into a fantastic property or purchase an investment home, this is an opportunity you don't want to miss!
Enjoy being just minutes from downtown Paso Robles, where you'll find charming shops, world-class dining, and award-winning wineries.
Schedule your showing today before it's gone!
Don't miss this opportunity to own the highly sought-after Cavalier Model in this vibrant 55+ community! This special unit boasts an additional 200 square feet not commonly found in other homes here, providing extra space and flexibility. You will enjoy 2 bedrooms, 2 bathrooms, a bonus room off the kitchen, and 1,288 square feet of living space.
Freshly painted with new carpet, this home is move-in ready. Other standout features include dual-pane windows, custom cabinets, and an HVAC system that was updated in 2021. Plus, the garage door opener was replaced in 2022 for added convenience.
The home features beautiful new porcelain tile flooring throughout, offering durability and style, while the bedrooms provide the comfort of newer carpet for a cozy retreat. Additional updates since 2023 include the removal of all popcorn ceilings, fresh interior paint, elegant crown molding, and chair rail detailing. New six-inch baseboards have been installed for a refined touch, and the kitchen cabinets have been refinished and professionally painted. A new stainless steel microwave adds to the kitchen's modern feel.
The spacious backyard offers plenty of room for gardening or simply relaxing outdoors. This quiet and welcoming neighborhood is the perfect place to call home on the Central Coast. Whether you're looking to downsize into a fantastic property or purchase an investment home, this is an opportunity you don't want to miss!
Enjoy being just minutes from downtown Paso Robles, where you'll find charming shops, world-class dining, and award-winning wineries.
Schedule your showing today before it's gone!
Unit Size
1,288 Ft²
Days on Market
45 days
Land Size
0.11 acres
Price per sqft
$411
Property Type
House
Property Taxes
-
HOA Dues
$5
Year Built
1979
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #NS25035393)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 17, 2025 | Listed by Platinum Properties | $528,800 | |
| Listed by Platinum Properties | |||
| Jun 22, 2023 | No longer available | - | |
| No longer available | |||
| May 25, 2023 | Listed by Realty Pros - A Professional Real Estate Company | $449,000 | |
| Listed by Realty Pros - A Professional Real Estate Company | |||
| | |||
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This is your chance to own the Cavalier Model that everyone prefers. This one has an additional 200 square feet that most units in this 55 and older neighborhood do not have. The bonus room has cabinets. This unit is freshly painted and has new carpet and newer vinyl plank flooring. This unit has dual pane windows and custom cabinets. The AC/Heating unit was replaced in 2021 and the garage door opener was replaced in 2022. The backyard is large for the area and the landscaping is beautiful. Come by and see it right away before it is gone! [email protected] 805-975-5204 The manager has listed the unit size as 1288 square feet.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About El Paso de Robles (Paso Robles)
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Listed by: Jennifer Dawson, Platinum Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NS25035393
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NS25035393
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