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8390 Del Rio
About This Property
The main home offers three bedrooms and two bathrooms across an efficient 1,252 square feet - comfortable, easy to maintain, and ready for you to put your own stamp on it. Just steps away, the separate studio with its own bath opens up possibilities: a home office, guest quarters, an art or fitness studio, or a quiet retreat set apart from the main house. But the real story is the land. At 2.14 acres, there's room to garden, park the RV or boat, and imagine a workshop, orchard, or weekend hobby space - the elbow room and privacy that only acreage can offer.
You're just 2 miles from Highway 101, downtown Atascadero's shops and restaurants, and a short drive to Paso Robles wine country, the lake, and Central Coast beaches - small-town living with everything close at hand. Homes with this much land and this much flexibility don't come along often. Schedule your private showing today and see what life on Del Rio Road could look like.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Sold | ||
| Sold | |||
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 19, 2026 | Price Decreased |
$764,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed by Keller Williams Central Coast | $789,000 | |
| Listed by Keller Williams Central Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017