42001 Carmel Valley Road
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 |
|---|---|---|---|
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by Ikonik Realty | $450,000 | |
| Listed by Ikonik Realty | |||
| Oct 25, 2025 | Price Decreased |
$465,000
↓ $34K
(6.8%) | |
| Price Decreased | |||
| Apr 15, 2025 | Listed | $499,000 | |
| Listed | |||
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This property presents a unique opportunity to own a 13-acre parcel in the serene landscapes of Monterey County. Currently designated as vacant land with a mobile/manufactured home classification, the property offers a blank canvas for various possibilities, whether youre envisioning a private retreat, sprawling equestrian estate, agricultural venture, or future development. If youre looking for peace and privacy, this property has it all, providing expansive space and tranquility. Truly a one of a kind opportunity, you wont want to miss this one.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017