3505 Spring St Paso Robles, CA 93446
Highlights
- Cooling System Mounted To A Wall/Window
- Central Heating
- Partially Fenced Property
- Paso Robles High School Rated A-
About This Home
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.
Listing Agent
Real Broker Brokerage Email: JT@ActiveRealty.com License #01728694 Listed on: 03/24/2026
Co-Listing Agent
Real Brokerage Technologies, Inc. Brokerage Email: JT@ActiveRealty.com License #02251240
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 16,948 Sq Ft Lot
- Two or More Common Walls
- Partially Fenced Property
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 5,000 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- Unit 6 Bathroom: 0
- Unit 1 Bathroom: 0
- Unit 2 Bathroom: 0
- Unit 3 Bathroom: 0
- Unit 4 Bathroom: 0
- Unit 5 Bathroom: 0
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 008031028
Community Details
Overview
- 10 Units
Building Details
- Rent Control
- Professional Management Expense $6,000
- Trash Expense $5,758
- Water Sewer Expense $2,400
- Operating Expense $45,180
- Gross Income $142,350
- Net Operating Income $142,351
Map
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 | $16,787 | $1,540,200 | $255,000 | $1,285,200 |
| 2024 | $9,292 | $1,510,000 | $250,000 | $1,260,000 |
| 2023 | $9,292 | $833,023 | $200,301 | $632,722 |
| 2022 | $9,154 | $816,690 | $196,374 | $620,316 |
| 2021 | $8,998 | $800,677 | $192,524 | $608,153 |
| 2020 | $8,875 | $792,468 | $190,550 | $601,918 |
| 2019 | $8,750 | $776,930 | $186,814 | $590,116 |
| 2018 | $8,631 | $761,697 | $183,151 | $578,546 |
| 2017 | $8,115 | $746,762 | $179,560 | $567,202 |
| 2016 | $7,956 | $732,121 | $176,040 | $556,081 |
| 2015 | $7,927 | $721,125 | $173,396 | $547,729 |
| 2014 | $7,686 | $710,208 | $170,771 | $539,437 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $2,399,000 | +58.9% | $480 / Sq Ft | |
| 08/14/2023 08/14/23 | Sold | $1,510,000 | +0.7% | $302 / Sq Ft | View Prior Sale |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- | |
| 07/03/2023 07/03/23 | For Sale | $1,499,000 | +112.0% | $300 / Sq Ft | |
| 01/03/2014 01/03/14 | Sold | $707,000 | -- | $141 / Sq Ft | View Prior Sale |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26063534
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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