$717,000
SOLD FEB 11, 2025

205 Oak St Paso Robles, CA 93446

4 Beds
3 Baths
1,400 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$512 Per Sq Ft

20% Below List Price

241 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4 Car Garage
  • Paso Robles High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of February 2025

Unique investment opportunity to own a 2 bedroom, 1 bathroom house with two attached studio units and a large detached shop on a spacious corner lot only a few blocks from downtown Paso Robles. This parcel goes street to alley, so there may be an opportunity for a lot split: it is currently zoned T3N. The main home has a fireplace, galley kitchen, dining nook, 2 bedrooms/1 full bathroom and currently rents for $1,400/mo. The two studio units are self sufficient with kitchenettes, their own bathrooms and rent for $850/mo and $900/mo. The shop currently rents for $400/mo. Ample amount of off street parking on both Oak Street and 2nd Street.

Last Agent to Sell the Property

Jessica Baker

Oaks to Ocean Real Estate Brokerage Phone: 805-610-3586 License #01955079 Listed on: 04/19/2024

Co-Listed By

SUMMER RAMOS

Oaks to Ocean Real Estate Brokerage Phone: 805-610-3586 License #01992070

Last Buyer's Agent

Karlie Montgomery

Luxton Real Estate License #01905914

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 6 / 137
  • Assessor Parcel Number 009283009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Pr City Limits West Subdivision

Building Details

  • 4 Leased Units
  • Electric Expense $2,003
  • Fuel Expense $1,568
  • Professional Management Expense $3,389
  • Trash Expense $1,912
  • Water Sewer Expense $553
  • Operating Expense $12,795
  • Gross Income $400
  • Net Operating Income $28,561

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Professional Management Expense: 3389.00
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • Water Sewer Expenses: 553.00
  • Zoning: R2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 009283009
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 512.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1912.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Garage Rental Rate: 400.00
  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 2003.00
  • Fuel Expense: 1568.00
  • Gross Income: 400.00
  • Gross Multiplier: 21.00
  • Gross Operating Income: 40514.00
  • Gross Scheduled Income: 42600.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 28561.00
  • Number Of Rented Garages: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9406.00
  • Rent Control: No
  • Total Actual Rent: 3550.00
  • Total Expenses: 12795.00

Tax Info

  • Tax Block: 137
  • Tax Census Tract: 101.03
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Feb 10, 2025
Sold by
Scovell Heather
Bought by
2020 Heather Scovell Revocable Trust and Scovell
Seller's Agent
Jessica Baker
Oaks to Ocean Real Estate
Buyer's Agent
Karlie Montgomery
Luxton Real Estate
List Price
$899,500
Sold Price
$717,000
Premium/Discount to List
-$182,500
-20.29%
Views
192
Current Estimated Value
$708,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,756
Avg. Annual Appreciation
1.19%
Original Mortgage
$537,750
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jan 2, 2025
Sold by
Woodworth Dawn Rachelle and Woodworth Ronald Leonard
Bought by
Scovell Heather
Seller's Agent
Jessica Baker
Oaks to Ocean Real Estate
Buyer's Agent
Karlie Montgomery
Luxton Real Estate
List Price
$899,500
Sold Price
$717,000
Premium/Discount to List
-$182,500
-20.29%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,750
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2002
Sold by
Nicholson Barbara L
Bought by
Woodworth Ronald Leonard and Woodworth Dawn Rachelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,900
Interest Rate
5.86%

Purchase Details

Closed on
Oct 15, 1997
Sold by
Nicholson Howard J
Bought by
Nicholson Barbara L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $717,000 First American Title
Grant Deed $261,000 First American Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $537,750 New Conventional
Previous Owner $234,900 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $717,000 -7.5% $512 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
09/14/2024 09/14/24 Price Changed $775,000 -4.3% $554 / Sq Ft
07/21/2024 07/21/24 Price Changed $810,000 -9.9% $579 / Sq Ft
04/19/2024 04/19/24 For Sale $899,500 -- $643 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,120 $377,993 $195,514 $182,479
2024 $4,053 $370,582 $191,681 $178,901
2023 $4,053 $363,317 $187,923 $175,394
2022 $3,993 $356,194 $184,239 $171,955
2021 $3,924 $349,211 $180,627 $168,584
2020 $3,871 $345,631 $178,775 $166,856
2019 $3,816 $338,855 $175,270 $163,585
2018 $3,764 $332,212 $171,834 $160,378
2017 $3,540 $325,699 $168,465 $157,234
2016 $3,470 $319,313 $165,162 $154,151
2015 $3,457 $314,518 $162,682 $151,836
2014 $3,337 $308,358 $159,496 $148,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS24074071

California Regional Multiple Listing Service (CRMLS)

APN: 009-283-009