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3505 Spring
For Sale $2,399,000
$2,399,000
- 10 Units
- Unknown Sq Ft
- 16,948 Sq Ft
- Unknown Cap Rate
Description
Located within an Opportunity Zone in the desirable Paso Robles market, this recently remodeled 10-unit apartment building presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property offers a well-diversified unit mix designed to appeal to a broad tenant base. The upper-level features 6 studio units and 1 one-bedroom unit, each equipped with a full bathroom, while the lower level includes a larger two-bedroom/two-bath residence along with 3 additional one-bedroom units, providing flexibility in rental options and income potential.
Residents enjoy convenient on-site amenities including a paved parking lot offering 20+ parking spaces, a fenced patio area for the first level units that enhance outdoor usability and overall livability. The functional layout and practical features support strong tenant retention, making this a solid income-producing asset. Positioned in a growing Central Coast community with consistent rental demand, this Paso Robles property offers a rare combination of diversified unit configuration, everyday conveniences, and Opportunity Zone benefits—an attractive addition to any investment portfolio.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,399,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1968 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 008031028 |
| MLS # | OC26020584 |
| Property ID | 322551153 |
| Lot Sqft | 16,948 |
| Zoning | Unknown |
| Total Units | 10 |
| Days on Market | 39 |
| Original List Price | $2,399,000 |
| Date Updated | February 13, 2026 |
| Date Created | January 27, 2026 |
| Net Operating Income | $142,351 |
| Cap Rate | 5% |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Justin Tye an agent of Real Brokerage Technologies, Inc.. Lic #01728694
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 13, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT