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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Robert Sousa, DRE #01774193 • COMPASS

$ 945,000

Est. payment | -/mo

7,000 Sqft Lot

Save

$ 945,000

Est. payment | -/mo

Save

7,000 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNS26193449

Style Bungalow

Year Built 1910

Lot Size 7,000 Sqft

Property Sub-Type Triplex

Source California Regional MLS

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 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

Location

State CA

County San Luis Obispo

Area Pric - Pr Inside City Limit

Interior

Heating Multi Type, Wall Furnace

Cooling Window / Wall Unit

Exterior

Garage Spaces 2.0

Pool None

Roof Type Composition

Building

Lot Description Grade - Sloped Down

Story One Story

Foundation Other, Pillars / Posts / Piers

Water District - Public

Architectural Style Bungalow

Others

Tax ID 008326002

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1434 1436 Pine ST Paso Robles, CA 93446