1891 Newhall Avenue
About This Property
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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 2, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 26, 2024 | Listed by The Real Estate Company of Cambria | $2,495,000 | |
| Listed by The Real Estate Company of Cambria | |||
| Dec 9, 2023 | No longer available | - | |
| No longer available | |||
| Nov 21, 2023 | Listed by The Real Estate Company of Cambria | $3,990,000 | |
| Listed by The Real Estate Company of Cambria | |||
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There are few properties as unique and well appointed as 1891 Newhall and 1898 Ogden in Cambria. This idyllic setting with TWO homes and property that stretches across 8/10 an acre of breathtaking views of the Pacific Ocean. Your options will be many with 2 homes, 2 water meters and 2 separate parcels of about 4/10 acre each. The vacant parcel offers massive views from walking paths and bridges, an artesian spring, plus a gazebo, and a playhouse. The natural spring provides water for irrigation as well as a lily pond in full bloom. Electricity and lighting are present throughout the property.
Four generations have loved this home since about 1970, enjoying magical memories to last a lifetime. The main home of approximately 3,000 sq ft shows the architect owner’s love of entertaining and central coast living. Gorgeous wood finishes throughout and rustic, natural redwood exteriors bring a Big Sur feel to a quiet and sunny Cambria location on street to street lots, protecting your views forever. Enjoy a glass of wine on the 750 sq ft deck and then cozy up to one of the home's five fireplaces, and start making memories. Host your guests in a formal dining room able to seat 18 comfortably. You’ll have more than enough space to invite friends to stay as well with the lower level guest suite, and a second home providing the privacy guests and hosts appreciate with a total of 5 bedrooms and 5 bathrooms. Perfect for private or group retreats, corporate events, or filming.
A quick walk across Marine Terrace takes you to many beach access points and the 400+ acre Fiscalini Ranch Preserve. Perfect setting for weddings and events!
The last photo shows that the property was approved for a legal lot split.
Call your Realtor today, come walk the grounds, and imagine your family sharing this setting for generations to come. Make this rare, legacy, opportunity your own. The manager has listed the unit size as 4145 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017