USACAPaso Robles3411 Spring St
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$2,799,000

For Sale

A month ago

3411 Spring St, Paso Robles, CA

Condo

MLS® PI26094992

0 Bed

0 Bath

--

14 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 33
Approx. Age 1978
MLS® Number PI26094992

Property Address: 3411 Spring St, Paso Robles, CA, 93446-1037

Average square foot calculated using Size range provided by listing agent.

Description

3411 Spring Street is a 14-unit multifamily property situated in a well-established Paso Robles neighborhood, offered at approximately $263/SF with a stabilized cap rate of 7.60 % and annual rent upside of approximately $102, 060. Built in 1970 and spanning approximately 11, 748 rentable square feet across two stories, the property consists of ten (10) one-bedroom/one-bathroom apartments and four (4) two-bedroom/one-bathroom apartments — all currently occupied. Units feature functional floor plans with ample natural light, and residents enjoy 14 covered carport spaces and on-site parking. The property is zoned PR/R4, supporting its established multifamily use, and sits on a generous ±0.39-acre lot. Located minutes from downtown Paso Robles, residents have convenient access to the city's acclaimed dining, wine country, shopping, and employment corridors. With current rents averaging well below market rate — several tenants having been in place since as early as 2008 — a new owner has a clear path to substantially increase income through organic lease-up as units turn over. The appraised value of $3, 550, 000 (January 2026) further underscores the asset's underlying strength. Investment Highlights: *Unit Mix: (10) 1 Bed/1 Bath; (4) 2 Bed/1 Bath * Stabilized cap rate of 7.60% *14 Covered Carport Spaces *100% Occupied — 14/14 Units * $200, 000 per unit *Attractive Entry Basis at ~$237.04/SF
MLS® NumberPI26094992
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1978
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatWall Furnace
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 29, 2026List Date
$2,799,000List Price
  • Commute

Commute

Starting Address
Destination Address
3411 Spring St, Paso Robles, CA

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