Description
Rare 12-unit multifamily investment opportunity in Paso Robles, situated in the heart of California's Central Coast wine country. The offering consists of three fourplex buildings located on one parcel at 111 Oak Street, 121 Oak Street and 122 Vine Street. The property features a consistent unit mix of twelve two-bedroom, one-bathroom residences and combines established rental income with opportunities for future growth. Currently 10 of the 12 units are occupied with two vacant units offering lease-up potential generating more income. Laundry facilities on site and each unit includes a designated carport parking spot with storage closet. Convenient access to Highway 101 and downtown Paso Robles which places residents near restaurants, shops, tasting rooms and everyday amenities. With existing cash flow, scale and value-add potential, this offering presents a compelling opportunity for a 1031 exchange buyer, multifamily investor or portfolio owner seeking to expand their holdings on California's Central Coast.
Details
| MLS # | SC26210944 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1977 |
| Days On Site | 29 |
| Listing Provided By | Compass | Summer Kabaker |
Features
| SQ Feet | 11,520 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 12 |
| Building(s) | 3 |
| Acreage | 0.52 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Tile Counters |
| Appliances | Electric Range |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt, Shingle, Tile |
|---|---|
| Construction Materials | Fiber Cement, Frame, Stucco |
| Foundation Details | Raised |
| Lot Features | Zero To One Unit Acre |
| Fencing | None |
Parking
| Parking Features | Assigned, Carport, Storage |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | Paso Robles |
| Zip Code | 93446 |
| Area | PSOR Paso Robles |
| Listing VS Median (in 93446) | |
Price: $2,500,000 low | high Med: $849,000 sqft: 11,520 low | high Med: 1,994 $ / sqft: $217 low | high Med: $429 On site: 29 low | high Med: 16 | |
Market Activity 93446
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | Paso Robles |
| Zip Code | 93446 |
| Area | PSOR Paso Robles |
| Listing VS Median (in 93446) | |
Price: $2,500,000 low | high Med: $849,000 sqft: 11,520 low | high Med: 1,994 $ / sqft: $217 low | high Med: $429 On site: 29 low | high Med: 16 | |