3411 Spring Street, Paso Robles, CA 93446
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3411 Spring Street,Paso Robles, CA 93446
$3,100,000
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: abel contreras, chelsea king
Office: invest slo
MLS#:PI26094992
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,100,000
About this home
(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 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 6.76% 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 clear path to substantially increase income through organic lease-up as units turn over. The appraised value of $3,550,000 (January 2026) further underscores the asset's underlying strength. Investment Highlights: *Unit Mix: (10) 1 Bed/1 Bath; (4) 2 Bed/1 Bath *14 Covered Carport Spaces *100% Occupied 14/14 Units *Attractive Entry Basis at ~$263/SF...
Contact an agent
Home facts
- Listing ID #:PI26094992
- Added:8 day(s) ago
- Updated:June 07, 2026 at 02:33 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$3,100,000
New listings near 3411 Spring Street
- New
$905,000Active4 beds 2 baths2,116 sq. ft.1802 Terrabella Court, Paso Robles, CA 93446
MLS# NS26122605Listed by: PROPERTY PROS - New
$949,000Active3 beds 2 baths2,165 sq. ft.721 Lenox Court, Paso Robles, CA 93446
MLS# NS26118261Listed by: GUIDE REAL ESTATE - New
$235,000Active0 Acres1738 Nygren, San Miguel, CA 93451
MLS# SC26123369Listed by: COMPASS - Open Sun, 2pm to 4amNew
$749,000Active3 beds 2 baths1,475 sq. ft.1510 Las Brisas, Paso Robles, CA 93446
MLS# NS26122904Listed by: RE/MAX PARKSIDE REAL ESTATE - New
$775,990Active3 beds 2 baths1,774 sq. ft.1136 Mazzini Road, Paso Robles, CA 93446
MLS# SW26123129Listed by: K. HOVNANIAN COMPANIES OF CA - New
$239,000Active0 Acres2106 Clamath, Paso Robles, CA 93446
MLS# SC26123405Listed by: JAMES MOLNAR REALTY - New
$629,000Active3 beds 2 baths1,656 sq. ft.4834 Pintail Avenue, Paso Robles, CA 93446
MLS# SC26110344Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SERENO - New
$1,225,000Active5 beds 3 baths3,309 sq. ft.204 Vista Del Rio Court, Paso Robles, CA 93446
MLS# SC26121540Listed by: MODERN BROKER (PISMO BEACH) - Open Sun, 11am to 1pmNew
$725,000Active3 beds 2 baths1,754 sq. ft.927 Saint Ann Drive, Paso Robles, CA 93446
MLS# NS26121702Listed by: RE/MAX PARKSIDE REAL ESTATE - New
$349,000Active3 beds 2 baths1,756 sq. ft.32 Via Santa Barbara, Paso Robles, CA 93446
MLS# NS26119552Listed by: MERRILL & ASSOCIATES REAL ESTATE