3505 Spring Street
Paso Robles, CA 93446
0
Bed
0
Bath
5,000Sqft
16,948Sqft(Lot)
(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3505 Spring Street is a unique 10-unit multifamily property in the heart of Paso Robles, offered at approximately $190,000/unit, $380/SF with a stabilized cap rate of 7.84% and annual rent upside of approximately $53,340. The property spans approximately 5,000 rentable square feet across two stories on a ±0.40-acre lot. The diverse unit mix includes five (5) studios with one bathroom, one (1) studio with two bathrooms, two (2) one-bedroom/one-bathroom units, one (1) one-bedroom/two-bathroom unit, and one (1) two-bedroom/two-bathroom unit — catering to a broad renter demographic. The property is zoned T-4NC and sits within a federally designated Opportunity Zone, providing meaningful tax adv
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 -
Cooling Features
Wall/Window Unit(s) Air Conditioning
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Building Information
Year Built: 1968 Building Area Total: 5,000 Roof: Asphalt -
Accessibility Features
ParkingPool Features
NoneLaundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3891 -
Lot Size Source: Assessor Lot Size Square Feet: 16948
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Listing Price Information
Original List Price: 1,900,000 Listing Contract Date: 2026-04-30 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 008031028
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Garage and Parking
Garage Description: Assigned,Asphalt,On Site,Paved,UncoveredHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: All Utilities,Cable TV,Electricity,Gas,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 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: Right Side of Building 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 06/05/2026 @ 15:35
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