3411 Spring Street, Paso Robles, CA 93446

Paso Robles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
3411 Spring Street,Paso Robles, CA 93446
$2,799,000
  • - Beds
  • - Baths
  • 11,808 sq. ft.
  • Multi-family
  • Active
Listed by: abel contreras, chelsea king
Office: invest slo805-709-7143
MLS#:PI26094992
Source:CRMLS

Price summary

  • Price:$2,799,000
  • Price per sq. ft.:$237.04

About this home

3411 Spring Street is a 14-unit multifamily property situated in a well-established Paso Robles neighborhood, offered at approximately $263/SF with a stabilized cap rate of 7.60 % and annual rent upside of approximately $102,060. Built in 1970 and spanning approximately 11,748 rentable square feet across two stories, the property consists of ten (10) one-bedroom/one-bathroom apartments and four (4) two-bedroom/one-bathroom apartments — all currently occupied. Units feature functional floor plans with ample natural light, and residents enjoy 14 covered carport spaces and on-site parking. The property is zoned PR/R4, supporting its established multifamily use, and sits on a generous ±0.39-acre lot. Located minutes from downtown Paso Robles, residents have convenient access to the city's acclaimed dining, wine country, shopping, and employment corridors. With current rents averaging well below market rate — several tenants having been in place since as early as 2008 — a new owner has a...

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Home facts

  • Year built:1978
  • Listing ID #:PI26094992
  • Added:63 day(s) ago
  • Updated:August 01, 2026 at 11:04 AM

Rooms and interior

  • Living area:11,808 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1978
  • Building area:11,808 sq. ft.
  • Lot area:0.38 Acres
  • Lot Features:Paved, Rectangular Lot
  • Architectural Style:Traditional
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,799,000
  • Price per sq. ft.:$237.04

Parking

  • Total parking spaces:14
  • Parking description:Assigned, Covered, One Space, Paved
  • Garage:Yes
  • Garage spaces:14
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