111 OakPaso Robles, CA 93446

Description

Rare 12-unit multifamily investment opportunity in Paso Robles, situated in the heart of California's Central Coast wine country. The offering consists of three fourplex buildings located on one parcel at 111 Oak Street, 121 Oak Street and 122 Vine Street. The property features a consistent unit mix of twelve two-bedroom, one-bathroom residences and combines established rental income with opportunities for future growth. Currently 10 of the 12 units are occupied with two vacant units offering lease-up potential generating more income. Laundry facilities on site and each unit includes a designated carport parking spot with storage closet. Convenient access to Highway 101 and downtown Paso Robles which places residents near restaurants, shops, tasting rooms and everyday amenities. With existing cash flow, scale and value-add potential, this offering presents a compelling opportunity for a 1031 exchange buyer, multifamily investor or portfolio owner seeking to expand their holdings on California's Central Coast.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1977

Stories

2

Building area

11,520 Sq Ft

Lot size

0.52 acres

Parking spaces

12

Days on market

3

MLS^® Listing#

SC26210944

Property Features

Interior

Tile Counters

Appliances

Electric Range

Cooling

Central Air

Heating

Forced Air

Flooring

Laminate

Fireplace

Living Room

Pool

None

Parking

Assigned · Carport · Storage

Laundry

Common Area

Fencing

None

Construction

Fiber Cement · Frame · Stucco

Foundation

Raised

Roof

Asphalt · Shingle · Tile

Community

Curbs

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

009284015

Directions

HWY 101 North, Exit Spring Street. Left on 1st to Oak or Vine Street