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Travis Breton

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

$ 945,000

Est. payment | -/mo

5 Beds

3 Baths

7,000 Sqft Lot

Save

$ 945,000

Est. payment | -/mo

Save

5 Beds

3 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 5

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

"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 Street Paso Robles, CA 93446