3411 & 3505 Spring Street
Paso Robles, CA 93446
0
Bed
0
Bath
16,808Sqft
33,375.67Sqft(Lot)
The Spring Street Portfolio is a rare opportunity to acquire two adjacent multifamily properties totaling 24 units in the heart of Paso Robles, offered at $5,000,000 — approximately $263/SF for 3411 Spring Street and $380/SF for 3505 Spring Street — with a combined stabilized cap rate of 7.17% and annual rent upside of approximately $155,400 across both properties. The portfolio consists of 3411 Spring Street, a 14-unit two-story walk-up built in 1970 spanning approximately 11,748 rentable square feet, and 3505 Spring Street, a 10-unit two-story property originally constructed as a motel and thoughtfully converted to residential use, spanning approximately 5,000 rentable square feet. Together, the properties sit on adjacent lots totaling over ±0.79 acres along the Spring Street corridor, z
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Asphalt Interior Features: Balcony Fireplace: None -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Wall Furnace Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1968 Building Area Total: 16,808 Roof: Asphalt -
Accessibility Features
ParkingPool Features
NoneLaundry Features
Common AreaFencing
Wood
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.7662 -
Lot Size Source: Assessor Lot Size Square Feet: 33375.67
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Listing Price Information
Original List Price: 5,000,000 Listing Contract Date: 2026-04-30 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 008031009
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Garage and Parking
Garage Description: Assigned,Asphalt,Covered,On Site,Paved,One Space,UncoveredHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,See Remarks,Sewer,Trash Collection,Water
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Other Property Info
Source Listing Status: Active Source Neighborhood: PSOR - Paso Robles Directions: Start on US-101 N, take exit 232 for Spring St, destination will be on the right. Zoning: T-4NC, PR/R4 Source Property Type: Residential Income Area: PSOR - Paso Robles Property SubType: Apartment -
Building and Construction
Property Age: 58 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6172 Hawk Ridge Place, Paso Robles, CA, 93446 | $1,795,000 | 4 | 3 | 3,531 | 3,531 SqFt |
| 8199 Plane View, Paso Robles, CA, 93446 | $749,000 | 3 | 2 | 1,600 | 1,600 SqFt |
| 5010 Gate 4 Rd., Paso Robles, CA, 93446 | $33,000,000 | 8 | 6 | 6,144 | 6,144 SqFt |
| 5055 Rancho La Loma Lin.., Paso Robles, CA, 93446 | $1,599,500 | 3 | 2 | 2,648 | 2,648 SqFt |
| 4960 Glenhill Lane, Paso Robles, CA, 93446 | $2,595,000 | 4 | 2 | 3,833 | 3,833 SqFt |
| 5275 Camp 8 Road, Paso Robles, CA, 93446 | $2,900,000 | 12 | 7 | 7,262 | 7,262 SqFt |
| 5385 & 5375 Camp 8, Paso Robles, CA, 93446 | $3,399,000 | 6 | 4 | 4,430 | 4,430 SqFt |
| 6944 Union Road, Paso Robles, CA, 93446 | $3,700,000 | 8 | 6 | 5,670 | 5,670 SqFt |
| 7550 Rancho Verano, Paso Robles, CA, 93446 | $1,375,000 | 4 | 3 | 2,876 | 2,876 SqFt |
| 1924 Surrey Way, Paso Robles, CA, 93446 | $1,995,000 | 4 | 2 | 2,900 | 2,900 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 04:53
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