54
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8740 Martinez Drive
About This Property
Designed for easy access and functionality, gated side yards on both the east and west sides of the home lead to the backyard, barn area, and pasture. Equestrian amenities include a two-stall barn, feed and tack room, riding arena with space for training mirrors and lighting, hitching post with cross ties, wash rack, and ample room for horses and other animals to graze. You are also conveniently close to access to the Salinas River bed.
Inside, the home feels open and inviting and the great room features a striking rock-faced wood-burning fireplace. Recent updates include laminate flooring, paint, windows, sliding glass door, front door, and bathroom vanities. Additional features include a newer roof, central heating and air conditioning, a solar tube in the guest bathroom, abundant storage, updated appliances, and an oversized indoor laundry room.
Enjoy the space, usability, and country setting while remaining close to Paso Robles amenities.
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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 |
|---|---|---|---|
| Sep 14, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Price Decreased |
$672,500
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$675,000
↓ $9K
(1.3%) | |
| Price Decreased | |||
| Jul 26, 2026 | Price Decreased |
$684,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Jul 5, 2026 | Listed by RE/MAX Parkside Real Estate | $699,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017