This four-unit property in the heart of downtown Paso Robles presents an attractive investment opportunity with a combination of 1-bedroom and 2-bedroom residences, existing tenants in place, and a highly desirable location close to downtown amenities. The property includes two spacious 2-bedroom, 1-bath units, Apartments A and B, featuring the same functional floor plan, along with two 1-bedroom, 1-bath units, Apartments C and D. The residences have been thoughtfully renovated with updated finishes, luxury vinyl plank flooring, bright living spaces, modern kitchens with newer appliances, updated bathrooms, and ample natural light. Additional features include washer and dryer hookups, convenient on-site parking, separate garage storage, and outdoor space. Located just moments from Downtown City Park, restaurants, coffee shops, shopping, and Paso Robles wine tasting rooms, the property offers tenants convenient access to the best of downtown living. With four residential units, a desirable mix of 1- and 2-bedroom floor plans, existing tenancy, updated interiors, and a prime Paso Robles location, this property offers an opportunity for investors seeking an established multi-unit asset in one of the Central Coast’s most sought-after communities
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.
A rare downtown Paso Robles investment and redevelopment opportunity just two blocks from Downtown City Park. Located within a federally designated Opportunity Zone, this approximately 7,000 sq. ft. TC-2 zoned property offers a unique combination of rental income, central downtown location, and previously approved plans for future redevelopment. The existing improvements include three residential rental units with a mix of one- and two-bedroom configurations, generating approximately $70,680 in annual gross rental income. That income provides value during a buyer’s planning and holding period while evaluating the next phase of the property. Previously approved plans envision a new four-unit residential project consisting of two +/- 1,500 sq. ft. 3-bedroom, 2.5-bath residences and two +/- 1,250 sq. ft. 2-bedroom, 2.5-bath residences, together with a subterranean four-car garage designed to accommodate up to eight vehicles with tandem parking. The redevelopment concept takes advantage of the site’s downtown setting and dual frontage along Pine and Railroad Streets. Beyond the income and redevelopment potential, the location is a major part of the opportunity. Paso Robles’ Downtown City Park, Michelin-starred restaurants, tasting rooms, shopping, and other amenities are all nearby, making this a site with both immediate utility and long-term growth potential. For an investor or developer looking for a downtown Paso Robles property with income in place, Opportunity Zone positioning, and an established redevelopment concept, 1434/1436 Pine Street offers a combination that is increasingly difficult to find.
Paso Robles is located in California.
