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3505 Spring

Paso Robles, CA 93446

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$2,359,000

5,000 sq ft
  |  
0.39 acre

3505 Spring

Paso Robles, CA 93446

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Listed On: 03/24/2026
Status: Active
Listing Number: OC26063534 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Justin Tye, Real Broker
Listing Co-Agent: Ileana Campos, Real Brokerage Technologies, Inc.

 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.
Property Sub Type
Apartment
Year Built
1968
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
10
Entry Level
1
Price Per Square Foot
$472
Price Per Unit
$235,900
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
Yes
Cooling Y/N
Yes
Fence Y/N
Yes
Heating Y/N
Yes
Directions
Exit off Spring St
Heating
Central
Cooling
Wall/Window Unit(s)
Laundry Y/N
No
Laundry Features
None
Roof
Shingle
Common Walls
2+ Common Walls
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
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
Utilities
Water Available, Natural Gas Connected, Sewer Available, Phone Available, Natural Gas Available, Sewer Connected, Cable Available, Electricity Available, Electricity Connected, Water Connected
Water Source
Public
Sewer
Public Sewer
Lot Features
0-1 Unit/Acre
Lot Size Area
16948.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Fencing
Partial
Common Interest
Community Apartment
Parcel Number
008031028
Additional Parcels Y/N
No
Subdivision Name
Other (OTHR)
Subdivision Name Other
other
Community Features
Curbs, Street Lights, Sidewalks
Senior Community Y/N
No
Gross Income
142350.00
Operating Expense
45187.04
Land Lease Y/N
No
Water Sewer Expense
2400.00
Trash Expense
5757.68
Professional Management Expense
6000.00
Gross Scheduled Income
187537.89
Gross Income
142350.00
Total Expenses
45180.00
Net Operating Income
142350.89
Operating Expense
45187.04
Gross Income
142350.00
Net Operating Income
142350.89
Cap Rate
5.00

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.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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