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111 Oak

Paso Robles, CA 93446

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$2,500,000

11,520 sq ft
  |  
0.52 acre

111 Oak

Paso Robles, CA 93446

Listed On: 10/02/2026
Status: Active
Listing Number: SC26210944 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Summer Kabaker, Compass
Listing Co-Agent: Cheryl Medeiros, Compass

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 Sub Type
Apartment
Year Built
1977
Year Built Source
Public Records
Special Listing Conditions
Trust
Stories Total
2
Levels
One
Number Of Buildings
3
Number Of Units Total
12
Entry Level
1
Entry Location
ground + 2nd story access for top units
Price Per Square Foot
$217
Price Per Unit
$208,333
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
Improvements Amount
23660
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Cooling Y/N
Yes
Fence Y/N
No
Heating Y/N
Yes
Directions
HWY 101 North, Exit Spring Street. Left on 1st to Oak or Vine Street
Disclosures
CC And R's
Room Type
Kitchen
Heating
Forced Air
Cooling
Central Air
Laundry Y/N
Yes
Laundry Features
Common Area
Laundry Equipment Own Lease
Own
Roof
Tile, Shingle, Asphalt
Construction Materials
Frame, Fiber Cement, Stucco
Foundation Details
Raised
Appliances Y/N
Yes
Appliances
Electric Range
Interior Features
Tile Counters
Accessibility Features
None
Flooring
Laminate
Common Walls
No Common Walls
Fireplace Y/N
Yes
Fireplace Features
Living Room
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Average 2 Bed Area Units
Square Feet
Number With Range
12
Number Of Separate Electric Meters
15
Number Of Separate Gas Meters
15
Number Of Separate Water Meters
15
Electric
Standard
Utilities
Cable Available
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
12.00
Parking Features
Assigned, Carport, Built-In Storage
Carport Spaces
12.00
Lot Features
0-1 Unit/Acre
Lot Size Area
22500.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
Yes
View
Neighborhood
Fencing
None
Common Interest
Community Apartment
Parcel Number
009284015
Additional Parcels Y/N
No
Community Features
Curbs
Senior Community Y/N
No
Association Y/N
No
Exclusions
Tenant personal property
Number Of Units Leased
10
Tenant Pays
All Utilities
Gross Operating Income
251430.00
Gross Income
550.00
Gross Multiplier
9.47
Operating Expense
108930.00
Land Lease Y/N
No
Assessments
Unknown
Insurance Expense
9672.30
Electric Expense
2413.00
Water Sewer Expense
3208.00
Trash Expense
8639.00
Maintenance Expense
34558.00
Gardener Expense
6360.00
Pest Control Expense
675.00
Professional Management Expense
15320.00
New Taxes Expense
27500.00
Other Expense
585.00
Other Expense Description
Turnover
Gross Scheduled Income
264084.00
Gross Income
550.00
Laundry Income
550.00
Number Of Rented Garages
0
Total Expenses
98903.30
Net Operating Income
142500.00
Operating Expense
108930.00
Gross Operating Income
251430.00
Gross Income
550.00
Net Operating Income
142500.00
Vacancy Allowance Rate
5.00
Cap Rate
5.70

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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