Sold
Closed
1021 19th Street
Paso Robles CA, 93446
$1,055,000
$313.99 per sqft
Sold
Closed
3,360 sqft
Condos
Built in 1986
Listed by Aurmon Banitaba with Keller Williams Realty Central Coast 805-709-7143
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/
PI22226738
MLSⓇ ID
October 24, 2022
Listed
November 22, 2024
Updated
Map
1021 19th Street
Paso Robles CA, 93446
Interior Features
Total Stories
2
Laundry Description
Common Area
Floor Description
Carpet, Laminate, See Remarks, Tile
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
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
Days on Market
93
Garage
No
Parking
Assigned, Asphalt, Driveway, On Site, Paved, Private, One Space, On Street, Uncovered
Parking Total
10
View
No
View Description
None
County
San Luis Obispo
Water Source
Public
Pool
No
Pool Features
None
Zoning
R3
Listing Contact: 805-773-7777
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 3:05 PM UTC