3505 Spring Paso Robles, CA $ 2,359,000
3505 Spring
$ 2,359,000
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3505 Spring

Paso Robles, CA, 93446
$ 2,359,000
Baths0.0 Sq 5,000

Monthly Estimate*

$ 14,525

Listed by Real Broker
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Studio

Multi-Family Home for sale in Paso Robles, CA

for $2,359,000. This 5,000 square foot home was built in 1968 on a lot size of 0.3891.

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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Multi-Family Active

Price

$ 2,359,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3891

Year Built

1968

Town/City

Paso Robles

County/Region

San Luis Obispo

MLS | Web ID

OC26063534

Days on Market

5

Features
General
Sewer Public Sewer
Heating Central
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Phone Available Sewer Available Sewer Connected Water Available Water Connected
Roof Shingle
Garage Spaces 0
Pool Features None
Year Built 1968
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 142350
Community Features Curbs Street Lights Sidewalks
County San Luis Obispo
Net Operating Income 142350.89
Operating Expense 45187.04
Insurance Expense 0
New Construction false
Property Type Residential Income
Subdivision Name other
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Exit off Spring St
City Paso Robles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 10
MLS Area PSOR - Paso Robles
Lot Size Units Square Feet
Lot Size Square Feet 16948
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 5757.68
Water Sewer Expense 2400
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional Apartment
Cap Rate 5
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Entry Level 1
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Exterior
Fencing Partial
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 0
Lot Size Area 16948
Number of Buildings 1
Building Area Total 5000
Lot Size Acres 0.3891
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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* Excluded Features
List By
Real Broker

Broker

JT@ActiveRealty.com

Email

Affordability Calculator

$14,525
Per Month
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0%
0%
Monthly Principal & Interest
$14,525
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$2,359,000 -1.67% Price Down
3/24/2026$2,399,000 Listed Price

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3505 Spring, Paso Robles, CA, 93446 is a Multi-Family Home for sale at $2,359,000 with 5,000 sqft and a lot size of 0.3891. 3505 Spring is a studio with 0.0 baths and was built in 1968. The property's zip code is 93446 which is in Paso Robles, CA