Under Contract

1636 Spring Street

Paso Robles, CA 93446

$1,375,000 $5,797/Mo

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Overview

Bed

Bath

2,141

Sqft

6,970

Sqft(Lot)

Description

A rare Westside Paso Robles offering, this exceptional income property delivers both luxury living and unmatched investment security—featuring TWO transferable short term rental permits, an increasingly scarce asset in a city where new non hosted permits have a substantial 20+ waiting list. Situated within the coveted T3 F / Opportunity Zone, the property also benefits from zoning that may allow up to two additional ADUs, creating a long term expansion opportunity seldom found this close to downtown. Just a few walkable blocks from the Downtown Square and Paso Market Walk, 1636/1638 Spring Street is a beautifully re-imagined duplex operating as three fully independent units, each with its own private entrance. A comprehensive 2021 renovation elevated the property to modern standards while preserving its West Side charm—offering immediate income, regulatory stability, and future development potential in one of Paso Robles’ most desirable areas. The front 1 bed / 1 bath (493 sf) unit is an established and successful short term rental with a strong operating history. The rear unit(s) features a flexible two level configuration: the lower 2 bed / 1 bath (951 sf) unit is fully self contained with an open concept living area, updated kitchen and dining area, while the upper 1 bed / 1 bath (697 sf) suite—with its own full living, kitchen, bedroom and private entrance—offers ideal space for additional rental income, owner occupancy, or elevated guest accommodations. A dual locking interior door allows the two rear units to function independently or together, depending on the owner’s needs. Outdoor amenities include gated parking, privacy fencing, covered patios, drought tolerant landscaping, a charming gazebo, two 7×7 storage sheds, and a spacious rear parking area. A storage basement houses a washer/dryer adding further convenience. Interior upgrades include mini split HVAC systems, updated kitchens, luxury plank flooring, dual pane windows, carpeted bedrooms, and a dedicated HVAC system for the lower rear unit. Perfect for investors, 1031 exchange buyers, or owner users seeking income, flexibility, and long term upside, this is a legacy Paso Robles asset—a rare combination of luxury, location, and income potential, protected by the scarcity of transferable STR permits.

Property Details

Property Type : Residential

Price : $1,375,000

AD Id : 76606055

MLS Id : NS26067227

Beds : 4

Lot Size : 6,970 Sqft

Living Area Size : 2,141

Year Built : 1923

County : San Luis Obispo

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 3 Full Baths: 1

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition,Shingle Exterior Property Features: Lighting,Rain Gutters Interior Features: Ceiling Fan(s),Living Room Deck Attached,Quartz Counters,Recessed Lighting,Attic,Bedroom on Main Level,Entrance Foyer Windows: Double Pane Windows,Screens Property Appliances: Electric Cooktop,Electric Oven,Gas Cooktop,Disposal,Gas Oven,Gas Water Heater,Microwave,Refrigerator,Water Heater Fireplace: None Flooring: Carpet,Laminate
Cooling Features

Central Air,See Remarks,Whole House Fan,Zoned,Attic Fan Air Conditioning

Heating Source

Forced Air,Natural Gas,See Remarks,Zoned Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1923 Roof: Composition,Shingle Has Basement
Exterior Features

Lighting,Rain Gutters

Security Features

Carbon Monoxide Detector(s),Fire Detection System,Fire Rated Drywall,Smoke Detector(s),Security Lights
Pool Features

None

Laundry Features

Inside,Outside

Fencing

Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.16
Lot Size Source: Assessor Lot Size Square Feet: 6970

Listing Price Information

Original List Price: 1,375,000 Listing Contract Date: 2026-03-17
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 008286002

Garage and Parking

Garage Description: Asphalt,Controlled Entrance,Driveway Level,Off Site,On Site,Private

Homeowners Association

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: PRIC - PR Inside City Limit Postal Code Plus 4: 2117 Directions: Take Spring Street to 1636 Spring St. Front of building faces Spring St. Next to SpringSide Restaurant Zoning: T3F Source Property Type: Residential Area: PRIC - PR Inside City Limit Property SubType: Duplex
Building and Construction

Property Age: 103 Common Walls: 2+ Common Walls Structure Type: Duplex Year Built Source: Assessor Total Square Feet Living: 2141 Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2 Structure Type: Duplex

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
503 Turtle Creek, Paso Robles, CA, 93446	$600,000	3	2	1,479	1,479 SqFt

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ByOwner last updated this listing 06/15/2026 @ 01:03

MLS: NS26067227 LISTED BY: Jennifer Harris, RE/MAX Success 805-434-2737 SOURCE: CRMLS