491 Mindoro
About This Property
Step inside to be greeted by a welcoming layout bathed in natural light, thanks to a skylight that brightens the spaces. The inviting kitchen features a convenient breakfast bar, making it a functional hub for meal prep and gatherings. Enjoy meals in the dining room or front patio, both with views of the ocean and even Morro Rock, perfect for hosting and entertaining.
Utilizing a reverse floor plan, the primary living spaces upstairs flow seamlessly and offer ocean view and gorgeous sunsets through almost every upstairs window, including the Primary Bedroom with adjacent updated bathroom. Downstairs, you have 2 additional bedrooms and the second Bathroom, as well as access to to a back patio outdoor area. The home also includes a large 2-car garage and additional parking on the driveway.
A short 10-minute walk to the beach and a 5-minute walk to Del Mar Park. You are also only a short drive from the embarcadero of Morro Bay and San Luis Obispo to the south and Cayucos and Cambria to the north. This Morro Bay home is a fantastic opportunity for Buyers looking for the Central California Coastal lifestyle.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 20, 2026 | Sold | ||
| Sold | |||
| Aug 2, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by Compass | $925,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017