Address
3440 Spring Street, Paso Robles, CA
Price
$ 2,299,000
Property Attributes
- MLS#SC23171189
- TypeCommercial
- CountySAN LUIS OBISPO
- 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 |
Amenities
- 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
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2023 12:07 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
