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 |
|---|---|---|---|---|---|
| 5130 Stagg Hill Place, Paso Robles, CA, 93446 | $859,000 | 4 | 2 | 1,957 | 1,957 SqFt |
| 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 | $735,000 | 3 | 2 | 1,600 | 1,600 SqFt |
| 4710 Flying Paster Lane, 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 |
| 3640 Debonair Drive, Paso Robles, CA, 93446 | $1,159,000 | 4 | 3 | 2,230 | 2,230 SqFt |
| 5740 Forked Horn, Paso Robles, CA, 93446 | $879,000 | 3 | 2 | 1,512 | 1,512 SqFt |
| 4960 Glenhill Lane, Paso Robles, CA, 93446 | $2,595,000 | 4 | 2 | 3,833 | 3,833 SqFt |
| 5995 Black Tail Place, Paso Robles, CA, 93446 | $825,000 | 3 | 2 | 1,953 | 1,953 SqFt |
| 5696 Loma Real, Paso Robles, CA, 93446 | $1,080,000 | 5 | 3 | 2,819 | 2,819 SqFt |
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ByOwner last updated this listing 07/22/2026 @ 00:26
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