Real Estate In Real Time "Let's see how we can make this market work for you!"
Listed By:
Aaron Graves with EverlyGrove;
3440 Spring Street, Paso Robles, CA
$ 2,299,000
Property Attributes
  • MLS#SC23171189
  • TypeCommercial
  • CityPaso Robles
  • AreaPR North 46-West 101
  • Zip93446
  • StyleMulti Family
  • Price$ 2,299,000
  • Bedrooms13
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage4950
  • Lot Size0.519972 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Fantastic Investment Opportunity in Paso Robles! This 12 Unit Complex is currently functioning as fully occupied apartments! Included on the property is a 2bd/1ba unit and 11 -large studios. A large workroom/storage above unit 12, and on site laundry! Included are 13 high end, professionally installed onsite security cameras. Unit #'s 6-9 have fenced backyards and all 12 Units have assigned parking. Plus 4 guest parking spots. All units have separate electric sub-meters, allowing the property owner to charge tenants for their own electricity use. There is a large marquee sign for "Spanish Oaks Apartments" displayed at the entry. Newer roofs, have been installed on all multi-unit buildings and newer paint. This property has a long term history of no-vacancy and is a turnkey investment opportunity.

Price History
9/13/2023 Listed $2,299,000

General Features

Building Area Units Square Feet
Cap Rate 5.1
City Paso Robles
Construction Materials Stucco
Cooling Wall/Window Unit(s)
County San Luis Obispo
Directions FROM THE NORTH: From the north on Highway 101, take the Spring Street Exit, The Spanish Oaks Apartments are on your left. FROM THE SOUTH: From South on Highway 101, exit at 24th Street and make a left o
Electric Expense 7310.35
Heating Wall Furnace
Insurance Expense 6368
Listing Agent Aaron Graves - BRE#01787901
Listing Agent State License 01787901
Lot Size Square Feet 22650
MLS Area PRNW - PR North 46-West 101
Net Operating Income 117010.76
Number of Units Leased 12
Occupancy Description Tenant
Open Parking Spaces 16
Operating Expense 73296.59
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Spring
Total Units 12
Trash Expense 3743.69
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
Water Sewer Expense 17023.18
Year Built 1950
Year Built Source Appraiser

Interior Features

Air Conditioning Y/N Yes
Entry Level 1
Heating Y/N Yes
Laundry Features Common Area
Livingareasource Public Records
Street Suffix Street
Total Stories 1

Exterior Features

Buyer Agent Compensation 2.000
Buyer Agent Compensation Type %
Building Area Total 4950
Lot Features Landscaped, Level, Paved
Lot Size Acres 0.52
Lot Size Area 22650
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 5
Total Parking 16
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93446

AVG $1.16M
AVG 36
Year Built
AVG 1984