3411 Spring Street Paso Robles, CA $ 3,100,000
3411 Spring Street
$ 3,100,000
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3411 Spring Street

Paso Robles, CA, 93446
$ 3,100,000
Baths1.0 Sq 11,808

Monthly Estimate*

$ 19,087

Listed by Invest SLO
3411 Spring Street, Paso Robles, CA 93446 - Image 1
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Studio

Multi-Family Home for sale in Paso Robles, CA

for $3,100,000 with 1 full bath. This 11,808 square foot home was built in 1978 on a lot size of 0.3771.

(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3411 Spring Street is a 14-unit multifamily property situated in a well-established Paso Robles neighborhood, offered at approximately $263/SF with a stabilized cap rate of 6.76% and annual rent upside of approximately $102,060. Built in 1970 and spanning approximately 11,748 rentable square feet across two stories, the property consists of ten (10) one-bedroom/one-bathroom apartments and four (4) two-bedroom/one-bathroom apartments — all currently occupied. Units feature functional floor plans with ample natural light, and residents enjoy 14 covered carport spaces and on-site parking. The property is zoned PR/R4, supporting its established multifamily use, and sits on a generous ±0.39-acre lot. Located minutes from downtown Paso Robles, residents have convenient access to the city's acclaimed dining, wine country, shopping, and employment corridors. With current rents averaging well below market rate — several tenants having been in place since as early as 2008 — a new owner has a clear path to substantially increase income through organic lease-up as units turn over. The appraised value of $3,550,000 (January 2026) further underscores the asset's underlying strength. Investment Highlights: *Unit Mix: (10) 1 Bed/1 Bath; (4) 2 Bed/1 Bath *14 Covered Carport Spaces *100% Occupied — 14/14 Units *Attractive Entry Basis at ~$263/SF

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Multi-Family Active

Price

$ 3,100,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3771

Year Built

1978

Town/City

Paso Robles

County/Region

San Luis Obispo

MLS | Web ID

PI26094992

Days on Market

35

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow Negotiable
HOA Fee 0
Garage Spaces 14
Architectural Style Traditional
Pool Features None
Year Built 1978
Electric Standard
Tenant Pays Cable TV Electricity Gas
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 221651
Community Features Curbs Gutter(s) Storm Drain(s) Street Lights Sidewalks
Accessibility Parking
County San Luis Obispo
Net Operating Income 120181
Operating Expense 92778
Insurance Expense 12500
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 10977
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Start on US-101 N take exit 232 for Spring St destination will be on the right.
City Paso Robles
Entry Location Front Door
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 14
MLS Area PSOR - Paso Robles
Lot Size Units Square Feet
Lot Size Square Feet 16425
Number of Units Leased 14
Listing Terms Cash Conventional 1031 Exchange Subject To Other
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1344
Fuel Expense 7645
Trash Expense 6084
Water Sewer Expense 5604
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Total Actual Rent 219540
Property Sub Type Additional Apartment
Taxes 34875
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Fencing Wood
Parking Features Assigned Covered Paved One Space
Lot Features 11-15 Units/Acre Paved Rectangular Lot
Water Source Public
Total Parking 14
Lot Size Area 16425
Number of Buildings 1
Spa false
Building Area Total 11808
Lot Size Acres 0.3771
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 15
Number of Separate Electric Meters 15
Road Frontage Type City Street
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* Excluded Features
List By
Invest Slo

Broker

abel@investslo.com

Email

Affordability Calculator

$19,087
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Monthly Principal & Interest
$19,087
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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
5/29/2026$3,100,000 Listed Price

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3411 Spring Street, Paso Robles, CA, 93446 is a Multi-Family Home for sale at $3,100,000 with 11,808 sqft and a lot size of 0.3771. 3411 Spring Street is a studio with 1.0 baths and was built in 1978. The property's zip code is 93446 which is in Paso Robles, CA