REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 945,000
Est. payment | /mo
3 Beds
2 Baths
7,000 Sqft Lot
$ 945,000
Est. payment | /mo
3 Beds
2 Baths
7,000 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Pr City Limits West(120)
MLS Listing ID NS26193449
Bedrooms 3
Lot Size 7,000 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A rare downtown Paso Robles investment and redevelopment opportunity just two blocks from Downtown City Park. Located within a federally designated Opportunity Zone, this approximately 7,000 sq. ft. TC-2 zoned property offers a unique combination of rental income, central downtown location, and previously approved plans for future redevelopment. The existing improvements include three residential rental units with a mix of one- and two-bedroom configurations, generating approximately $70,680 in annual gross rental income. That income provides value during a buyers planning and holding period while evaluating the next phase of the property. Previously approved plans envision a new four-unit residential project consisting of two +/- 1,500 sq. ft. 3-bedroom, 2.5-bath residences and two +/- 1,250 sq. ft. 2-bedroom, 2.5-bath residences, together with a subterranean four-car garage designed to accommodate up to eight vehicles with tandem parking. The redevelopment concept takes advantage of the sites downtown setting and dual frontage along Pine and Railroad Streets. Beyond the income and redevelopment potential, the location is a major part of the opportunity. Paso Robles Downtown City Park, Michelin-starred restaurants, tasting rooms, shopping, and other amenities are all nearby, making this a site with both immediate utility and long-term growth potential. For an investor or developer looking for a downtown Paso Robles property with income in place, Opportunity Zone positioning, and an established redevelopment concept, 1434/1436 Pine Street offers a combination that is increa
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction 13th to Pine, property is on right hand side.
Interior
Heating Combination Heating
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 008326002
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Robert Sousa, DRE#01774193 COMPASS
Nearby Locations
GET MORE INFORMATION
Keegan Wetzel
Founder | Naval Academy | OIF Veteran License ID: 02153342