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3505 Spring

Paso Robles, CA 93446
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Bed 0

Bed

Bath 0

Bath

SqFt5,000

Sqft

SqFt16,948

Sqft(Lot)

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 func tional 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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,359,000

AD Id : 76365717

MLS Id : OC26063534

Lot Size : 16,948 Sqft

Living Area Size : 5,000

Year Built : 1968

County : San Luis Obispo

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Shingle Fireplace: None
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1968 Building Area Total: 5,000 Roof: Shingle
  • Pool Features

    None

    Laundry Features

    None

    Fencing

    Partial

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3891
  • Lot Size Source: Assessor Lot Size Square Feet: 16948

  • Listing Price Information

    Original List Price: 2,359,000 Listing Contract Date: 2026-03-23
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 008031028

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: PSOR - Paso Robles Directions: Exit off Spring St Source Property Type: Residential Income Area: PSOR - Paso Robles Property SubType: Apartment
  • Building and Construction

    Property Age: 58 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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At $471.80 per sq.ft.,this listing is priced below average compared to other homes from Paso Robles.

The average homes price in Paso Robles is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in San Luis Obispo County is $373818.81 with avg. price / sq.ft of $2100.74.

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4780 Rolling Hills Way, Paso Robles, CA, 93446 $229,000 3 2 1,440 1,440 SqFt
3505 Landmark, Paso Robles, CA, 93446 $744,000 3 2 1,644 1,644 SqFt
6172 Hawk Ridge Place, Paso Robles, CA, 93446 $1,995,000 4 3 3,531 3,531 SqFt
4385 Camp 8, Paso Robles, CA, 93446 $1,295,000 4 3 2,830 2,830 SqFt
8199 Plane View, Paso Robles, CA, 93446 $759,900 3 2 2,062 2,062 SqFt
5010 Gate 4 Rd., Paso Robles, CA, 93446 $33,000,000 8 6 6,144 6,144 SqFt
5602 Prancing Deer Place, Paso Robles, CA, 93446 $975,000 4 3 2,243 2,243 SqFt
5055 Rancho La Loma Lin.., Paso Robles, CA, 93446 $1,599,500 3 2 2,648 2,648 SqFt
5995 Black Tail Place, Paso Robles, CA, 93446 $825,000 3 2 1,953 1,953 SqFt
5920 Lone Pine Place, Paso Robles, CA, 93446 $850,000 4 3 1,986 1,986 SqFt

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ByOwner last updated this listing 04/06/2026 @ 23:22

MLS: OC26063534 LISTED BY: Justin Tye, Real Broker 619-248-6434 SOURCE: CRMLS

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