1
Map
$565,000
●
House -
Off Market
422 Loma Prieta Drive
Aptos, CA 95003
2 Beds
2 Baths
859 Ft²
$2,696
Est. Monthly
About This Property
Fixer-Upper Opportunity with Mountain Views in Rio Del Mar. Calling
all contractors, investors, and visionaries this one is ready
to work on now. Originally built in 1963 as a cozy vacation
getaway, this two-bedroom, one-bath cabin sits perched on a
hillside in the sought-after Rio Del Mar community, taking in
sweeping views of the mountains beyond Highway 1. This is a
fixer-upper, and it's priced and positioned for exactly that: a
blank canvas on a generous 14,000+ square foot lot, offering plenty
of room to renovate, expand, or reimagine. With some TLC and the
right creative contractor, this property has the bones to become a
charming full-time residence, a weekend retreat, or an
income-producing rental. The location is a convenient block
walk down to Aptos Village. Rio Del Mar's laid-back coastal charm
combined with easy access to Highway 1 makes this a compelling spot
for a smart renovation project. Bring your vision, your
toolbelt, and your contractor this one is priced to move and
ready for someone to bring it back to life.
Unit Size
859 Ft²
Days on Market
57 days
Land Size
0.32 acres
Price per sqft
$639
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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: 18 days ago (MLSListings Inc. #ML82058404)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 19, 2026 | Price Decreased |
$549,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$559,000
↓ $40K
(6.7%) | |
| Price Decreased | |||
| Aug 20, 2026 | Listed by eXp Realty of California Inc | $599,000 | |
| Listed by eXp Realty of California Inc | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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Sold On
HOA + Taxes
About Rio del Mar
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Listed by: Joanna Lopez, eXp Realty of California Inc
Last Updated: 18 days ago
Data Source: CRMLS, MLS# ML82058404
Last Updated: 18 days ago
Data Source: CRMLS, MLS# ML82058404
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