70950 Jolon Road
About This Property
Surrounding the residence the land is rich with natural features. It is embellished with oak-covered terrain, manzanita, fascinating rock formations, and several canyons complete with quad and hiking trails for outdoor adventure right at your doorstep. A seasonal spring adds to the allure and enhances the natural landscape. A rustic, unpermitted cabin nestled away for privacy and tranquility offers a unique opportunity for customization and improvement. The property's infrastructure includes power, well, septic, propane and additional outbuildings with potential shop area. Complemented by horse stalls and potential additional home sites ideal for a family compound or vacation rentals.
This unique offering blends country mystic with modern amenities, making it a perfect retreat for those seeking privacy, natural beauty, and endless possibilities for outdoor activities. It presents an unmatched opportunity to own your dream getaway at an affordable price. This property promises both privacy and accessibility as it fronts on county road with a secure gated entry. Discover the world of rural living without the long drive. Located just a few minutes to Hwy 101, and 25 minutes to Paso Robles for shopping, dining, entertainment, wine tasting, and more!
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | Listed by Country Real Estate, Inc. | $535,000 | |
| Listed by Country Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017