6556 Monterey Road
About This Property
Incredible opportunity for investors or buyers looking for a versatile property with room to grow. Situated on 2.05 usable acres, this unique offering includes a main home (built approx. 2004) with 3 bedrooms and 4 bathrooms. Both guest bedrooms feature ensuite baths, and the primary suite includes its own fireplace. A second fireplace warms the spacious living room.
The property also includes a private pool, a large shop building, and two additional dwellings:
A 3BD/2BA older second home with a carport
A 2BD/1BA unpermitted structure previously used as an office
All homes are in need of flooring and updates-perfect for an all-cash buyer ready to unlock this property's full potential. With level, usable acreage, there's plenty of room for animals, gardens, hobby farming, or additional improvements. A rare find in the heart of Paso Robles wine country!
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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 |
|---|---|---|---|
| Jun 3, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed by Webber-Nelson Real Estate, Inc | $900,000 | |
| Listed by Webber-Nelson Real Estate, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017