Listed by Abel Contreras, Keller Williams Realty Central Coast,

1021 19th Street

Paso Robles, CA, 93446

$999,000

$297 per ft²
$999,000
$297 per ft²
Pending
Pending
 - For Sale
carpenters-square
3,360 ft²
property_type
Multi-family
calendar
Built 1986
BRAND NEW INFORMATION REGARDING LEASES! Incredible opportunity to own a well-maintained 4-unit apartment building in the Downtown Paso Robles Market on R3 Zoning & located in the Paso Robles OPPORTUNITY ZONE, 3 new/upcoming vacancies allow for a significant opportunity to IMMEDIATELY BRING RENTS TO MARKET, allowing a new buyer to gross $8,900/month upon acquisition. Coin-operated laundry produces over $200 monthly, new stucco, new roof, and new dual pane windows. A value-add business plan would bring current gross income to $9,800/month, stabilizing well ABOVE AN 8% CAP RATE. Current market rents in this part of DT Paso Robles are $2,400 for 2-bedroom (updated) units. Paired with the location, the property offers higher-end cabinets, appliances, and tile flooring, making these rental units highly desirable to any future tenants. *Opportunity Zones will be allowed to defer or eliminate federal taxes on capital gains earned from the sale of stock, business assets, or property. The Paso Robles Opportunity Zone includes all land within the City boundary that is west of the Salinas River and north of 1st Street. https://www.pasorobleschamber.com/economic-development/paso-robles-opportunity-zones/
MLS® ID:
PI22226738
Listed:
10/15/22
Updated:
2/8/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Floor Description
Carpet, Laminate, See Remarks, Tile
Fireplace
None
Cooling
Central Air
Heating
Forced Air

Exterior/Building Features

Lot Size
7,013 ft² lot
Lot Details
Landscaped, Level, Rectangular Lot, Street Level, Value In Land
Roof
Composition, Shingle
Sewer
Public Sewer

Other Property Details

Area Name
PRIC - PR Inside City Limit
Association Amenities
Curbs, Sidewalks
Garage
No
Parking
Assigned, Asphalt, Driveway, On Site, Paved, Private, One Space, On Street, Uncovered
Parking Total
10.0
View
Y
County
San Luis Obispo
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
R3
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/25/23
Pending
-
-

Listed by Keller Williams Realty Central Coast, Abel Contreras,
Listing Contact: 805-709-7143 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/8/23. 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.

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Data last updated 5:37 PM UTC, 2/8/23

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