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3505 Spring

Paso Robles, CA 93446
  • $2,399,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: OC26020584
UPDATED: 45 min ago
$2,399,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Justin Tye of Real Broker (855-450-0442) and Ileana Campos of Real Brokerage Technologies, Inc.(619-248-6434)


Description

Located within an Opportunity Zone in the desirable Paso Robles market, this recently remodeled 10-unit apartment building presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property offers a well-diversified unit mix designed to appeal to a broad tenant base. The upper-level features 6 studio units and 1 one-bedroom unit, each equipped with a full bathroom, while the lower level includes a larger two-bedroom/two-bath residence along with 3 additional one-bedroom units, providing flexibility in rental options and income potential.Residents enjoy convenient on-site amenities including a paved parking lot offering 20+ parking spaces, a fenced patio area for the first level units that enhance outdoor usability and overall livability. The functional layout and practical features support strong tenant retention, making this a solid income-producing asset. Positioned in a growing Central Coast community with consistent rental demand, this Paso Robles property offers a rare combination of diversified unit configuration, everyday conveniences, and Opportunity Zone benefits—an attractive addition to any investment portfolio.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-18T19:33:37.603. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/172569072
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3505 Spring Paso Robles, CA 93446

  • Price: $2,399,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 45 min ago
  • ID#: OC26020584
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1968
Built
Neighborhood:
PSOR - Paso Robles
County:
San Luis Obispo
Area:
PSOR - Paso Robles
Property Description
Located within an Opportunity Zone in the desirable Paso Robles market, this recently remodeled 10-unit apartment building presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property offers a well-diversified unit mix designed to appeal to a broad tenant base. The upper-level features 6 studio units and 1 one-bedroom unit, each equipped with a full bathroom, while the lower level includes a larger two-bedroom/two-bath residence along with 3 additional one-bedroom units, providing flexibility in rental options and income potential.Residents enjoy convenient on-site amenities including a paved parking lot offering 20+ parking spaces, a fenced patio area for the first level units that enhance outdoor usability and overall livability. The functional layout and practical features support strong tenant retention, making this a solid income-producing asset. Positioned in a growing Central Coast community with consistent rental demand, this Paso Robles property offers a rare combination of diversified unit configuration, everyday conveniences, and Opportunity Zone benefits—an attractive addition to any investment portfolio.
Exterior Features

Entry Level 1 Fencing Partial Lot Features 0-1 Unit/Acre Roof Shingle

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5 Common Interest Community Apartment Electric Expense 0 Gross Scheduled Income 187537.89 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 142350.89 Operating Expense 45187.04 Property Sub Type Multi Family Special Listing Conditions Standard Trash Expense 5757.68 Utilities Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 2400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-18T19:33:37.603. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
 
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): Justin Tye of Real Broker (855-450-0442) and Ileana Campos of Real Brokerage Technologies, Inc.(619-248-6434)