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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 2,500,000

Est. payment | -/mo

0.52 Acres Lot

Save

$ 2,500,000

Est. payment | -/mo

Save

0.52 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SC26210944

HOA Y/N No

Rental Info 12 Months

Year Built 1977

Lot Size 0.516 Acres

Property Sub-Type Apartment

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

Area Psor - Paso Robles

Interior

Interior Features Tile Counters

Heating Forced Air

Cooling Central Air

Flooring Laminate

Fireplaces Type Living Room

Fireplace Yes

Appliance Electric Range

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Storage

Carport Spaces 12

Fence None

Pool None

Community Features Curbs

Utilities Available Cable Available

View Y/N Yes

View Neighborhood

Roof Type Asphalt,Shingle,Tile

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 009284015

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Summer Kabaker Compass 805-234-0533, DRE #01931668

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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111 Oak Paso Robles, CA 93446