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 $4,500,000. 3505 Spring Street is a unique 10-unit multifamily property in the heart of Paso Robles, offered at approximately $169,000/unit, $339/SF with a stabilized cap rate of 8.91% 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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Interior Features
Roof: AsphaltLaundry Features: Common Area -
Heating & Cooling
Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1968Building Area Total: 5000Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 16948 Lot Size Acres: 0.3891 Lot Size Source: Assessor Lot Size Square Feet: 16,948 Lot Description: 6-10 Units/Acre,Paved
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Listing Price Information
Listing Price: $1699000Original Price: $1900000Cash, Cash to New Loan, Conventional, 1031 Exchange
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Tax Information
Parcel Number: 008031028 Tax Block: 1
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Virtual Tour
Parking Information
Parking Total: 20 Assigned, Asphalt, On Site, Paved, Uncovered
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Utility Information
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected -
Location Information
Direction: Start on US-101 N, take exit 232 for Spring St, destination will be on the right. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4650 Rolling Hills, Paso Robles, CA, 93446 | $795,000 | 3 | 3 | 1,986 | 435,600 Sqft |
| 3640 Debonair Drive, Paso Robles, CA, 93446 | $1,099,400 | 4 | 3 | 2,230 | 87,120 Sqft |
| 5740 Forked Horn, Paso Robles, CA, 93446 | $879,000 | 3 | 2 | 1,512 | 102,366 Sqft |
| 4960 Glenhill Lane, Paso Robles, CA, 93446 | $2,595,000 | 4 | 2 | 3,833 | 423,839 Sqft |
| 5750 Ground Squirrel Ho.., Paso Robles, CA, 93446 | $1,399,000 | 4 | 3 | 3,413 | 77,537 Sqft |
| 5950 Forked Horn Place, Paso Robles, CA, 93446 | $625,000 | 3 | 2 | 1,498 | 43,560 Sqft |
| 5995 Black Tail Place, Paso Robles, CA, 93446 | $795,000 | 3 | 2 | 1,953 | 52,708 Sqft |
| 5275 Camp 8 Road, Paso Robles, CA, 93446 | $2,900,000 | 12 | 7 | 7,262 | 8,163,144 Sqft |
| 7950 Blue Moon Road, Paso Robles, CA, 93446 | $624,000 | 2 | 1 | 922 | 2.24 Acres |
| 5750 El Pharo, Paso Robles, CA, 93446 | $2,400,000 | 5 | 3 | 2,596 | 3,093,631 Sqft |
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ByOwner last updated this listing 09/05/2026 @ 22:36
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