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$ 2,500,000
Est. payment | /mo
24 Beds
12 Baths
0.52 Acres Lot
$ 2,500,000
Est. payment | /mo
24 Beds
12 Baths
0.52 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC26210944
Bedrooms 24
Lot Size 0.517 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction HWY 101 North, Exit Spring Street. Left on 1st to Oak or Vine Street
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Tile/Clay
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 009284015
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Summer Kabaker, DRE#01931668 Compass
Co-listed byCheryl Medeiros • Compass
Co-listed byCheryl Medeiros • Compass
Nearby Locations
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Krystal Lane
Partner Lic# 1918284