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2221 Oak St

Paso Robles, CA 93446

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$1,295,000

2,632 sq ft
  |  
0.26 acre

2221 Oak St

Paso Robles, CA 93446

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Listed On: 02/13/2026
Status: Active
Listing Number: NS26033509 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Kandie Frederick, Country Real Estate

Exceptional opportunity to acquire a fully rented triplex in the highly desirable west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sqft lot, this property offers both immediate cash flow and long-term upside potential. The unit mix includes two spacious 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit-an attractive configuration for strong tenant demand. All three units are currently leased, providing stabilized income from day one. Recent capital improvements enhance value and reduce near-term expenses, including a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances. The property offers functional amenities that support tenant retention: fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter. Located near downtown Paso Robles, Highway 101 access, schools, shopping, and services, this asset benefits from strong rental demand and long-term appreciation drivers. The generous lot size and T-3N zoning create potential for future development or value-add strategies (buyer to verify). A rare combination of location, improvements, income stability, and future flexibility-ideal for investors seeking both yield and growth.
Property Sub Type
Triplex
Year Built
1967
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
3
Entry Level
1
Entry Location
Front
Price Per Square Foot
$492
Price Per Unit
$431,667
Days On London
11
Cumulative Days On London
11
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Cooling Y/N
Yes
Fence Y/N
Yes
Heating Y/N
Yes
Directions
2219, 2221, & 2223 Oak Street. Between 22nd-23rd Street.
Room Type
Kitchen, Living Room
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Laundry Y/N
Yes
Laundry Features
Community, In Carport
Laundry Equipment Own Lease
Own
Roof
Composition
Construction Materials
Stucco
Foundation Details
Slab
Other Structures
Storage
Appliances Y/N
Yes
Appliances
Gas Cooktop, Water Heater
Interior Features
Ceiling Fan(s)
Flooring
Carpet, Tile
Common Walls
2+ Common Walls,No One Above,No One Below
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number With Refrigerator
2
Number With Range
3
Number Wall AC
3
Number Of Separate Electric Meters
3
Number Of Separate Gas Meters
3
Number Of Separate Water Meters
1
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
3.00
Parking Features
Carport, Concrete, Garage
Garage Spaces
3.00
Lot Features
Level
Lot Size Area
11200.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
View Y/N
Yes
View
Neighborhood
Fencing
Chain Link
Common Interest
None
Parcel Number
018162008
Additional Parcels Y/N
No
Subdivision Name
PR City Limits West(120)
Subdivision Name Other
PR City Limits West(120)
Community Features
Sidewalks
Senior Community Y/N
No
Association Y/N
No
Inclusions
coin-op washer/dryer
Exclusions
tenant belongings.
Number Of Units Leased
3
Tenant Pays
Electricity, Gas, Other
Gross Income
4800.00
Operating Expense
10043.00
Total Actual Rent
6650.00
Land Lease Y/N
No
Insurance Expense
6333.00
Other Expense
10043.00
Other Expense Description
utility
Gross Scheduled Income
84600.00
Gross Income
4800.00
Other Income Description
3rd Garage used by owner.
Number Of Rented Garages
2
Garage Rental Rate
200.00
Garage Income
400.00
Total Expenses
10043.00
Net Operating Income
74557.00
Operating Expense
10043.00
Gross Income
4800.00
Net Operating Income
74557.00

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. 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 consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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