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8050 Bitterwater Road
About This Property
8,525± acre working ranch on California's Central Coast. Held within the same family for over 150 years,
this remarkable property offers a rare blend of rich ranching history, ecological diversity, and outstanding
recreational and conservation possibilities.
Historically supporting up to 200 cow/calf pairs annually, the ranch features comprehensive livestock
infrastructure including cross fencing, approximately 22 troughs, new corrals, a loading chute, 60ft truck
scale, and well-maintained roads. Beyond its agricultural utility, the land teems with excellent recreational
opportunities such as hunting (A-Zone deer), hiking, riding, and ATVing. It is home to diverse wildlife including
tule elk, black-tailed deer, wild pig, dove, and quail. Water is plentiful with two domestic wells, an 80,000-gallon
storage tank, and two stock ponds.
Improvements on the ranch includes a well-maintained 1930s ranch house with three bedrooms and one bath,
boasting a new roof and stabilized foundation. A 40' x 30' metal pole barn, built within the last decade, and
additional outbuildings provide further utility.
From its sweeping ridgetop vistas and expansive valleys to its thriving tule elk habitat and rich homesteading
heritage, the Pritchard Sumner Ranch presents a unique canvas for legacy-minded ownership. About 8,025.97 ±
acres are under the Williamson Act for significant property tax benefits.
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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 |
|---|---|---|---|
| Jan 29, 2026 | Price Decreased |
$7,750,000
↓ $562K
(6.8%) | |
| Price Decreased | |||
| Mar 19, 2025 | Listed by California Outdoor Properties, Inc. | $8,311,875 | |
| Listed by California Outdoor Properties, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017