1434 Pine Street, Paso Robles, CA 93446
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1434 Pine Street,Paso Robles, CA 93446
$945,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: robert sousa
Office: compass
MLS#:NS26193449
Source:MLSListings
Price summary
- Price:$945,000
About this home
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 buyer’s 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 site’s 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 nearb...
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Home facts
- Year built:1910
- Listing ID #:NS26193449
- Added:53 day(s) ago
- Updated:October 29, 2026 at 04:37 PM
Heating and cooling
- Cooling:Window/Wall Unit
- Heating:Multi Type, Wall Furnace
Structure and exterior
- Roof:Composition
- Year built:1910
- Lot area:0.16 Acres
- Lot Features:Mid Block, Sloped Down
- Architectural Style:Bungalow
- Foundation Description:Pillar/Post/Pier
- Levels:1 Story
Utilities
- Water:District - Public
Finances and disclosures
- Price:$945,000
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