2977 Ramsey Road
About This Property
Two contiguous lots totaling 0.09 acres combined:
Parcel ID: 023.234.002 (0.05 acres)
Parcel ID: 023.234.003 (0.05 acres)
A third nearby lot is also available, and all three can be purchased together for an even larger assemblage.
Just minutes from the beach, shops, restaurants, and parks - and centrally located, only about 2 hours 15 minutes from Santa Barbara and under 4 hours from Los Angeles.
Don't miss this rare opportunity to make this land your own. Priced to sell - bring your best offer 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 |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$15,000
↓ $10K
(40%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$25,000
↓ $20K
(44.4%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by California LWF INC | $45,000 | |
| Listed by California LWF INC | |||
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About Cambria
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$4,700 /mo
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- 1 Bath
- 2,190 ft²
$5,250 /mo
- 3 Beds
- 2 Baths
- 1,356 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017