3505 Spring Street, Paso Robles, CA 93446

Paso Robles
Local realty services provided by:ERA North Orange County Real Estate
3505 Spring Street,Paso Robles, CA 93446
$1,900,000
  • 8 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: abel contreras, chelsea king
Office: invest slo
MLS#:PI26094991
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,900,000

About this home

(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3505 Spring Street is a unique 10-unit multifamily property in the heart of Paso Robles, offered at approximately $190,000/unit, $380/SF with a stabilized cap rate of 7.84% and annual rent upside of approximately $53,340. The property spans approximately 5,000 rentable square feet across two stories on a 0.40-acre lot. The diverse unit mix includes five (5) studios with one bathroom, one (1) studio with two bathrooms, two (2) one-bedroom/one-bathroom units, one (1) one-bedroom/two-bathroom unit, and one (1) two-bedroom/two-bathroom unit catering to a broad renter demographic. The property is zoned T-4NC and sits within a federally designated Opportunity Zone, providing meaningful tax advantages for qualifying investors. A RUBS program implemented in October 2025 per CA Civil Code 827 passes approximately 90% of gross utility costs back to tenants, materially improving net operating...

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Home facts

  • Listing ID #:PI26094991
  • Added:1 day(s) ago
  • Updated:May 29, 2026 at 10:31 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,900,000
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