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3411-& 3505 Spring Street, Paso Robles, CA 93446

Paso Robles
Local realty services provided by:CENTURY 21 Masters
3411-& 3505 Spring Street,Paso Robles, CA 93446
$5,000,000
  • 3 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: abel contreras, chelsea king
Office: invest slo
MLS#:PI26117034
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,000,000

About this home

The Spring Street Portfolio is a rare opportunity to acquire two adjacent multifamily properties totaling 24 units in the heart of Paso Robles, offered at $5,000,000 approximately $263/SF for 3411 Spring Street and $380/SF for 3505 Spring Street with a combined stabilized cap rate of 7.17% and annual rent upside of approximately $155,400 across both properties. The portfolio consists of 3411 Spring Street, a 14-unit two-story walk-up built in 1970 spanning approximately 11,748 rentable square feet, and 3505 Spring Street, a 10-unit two-story property originally constructed as a motel and thoughtfully converted to residential use, spanning approximately 5,000 rentable square feet. Together, the properties sit on adjacent lots totaling over 0.79 acres along the Spring Street corridor, zoned PR/R4 and T-4NC respectively. Both properties are managed by MPM Inc., offering a seamless transition for new ownership. 3505 Spring Street sits within a federally designated Opportunity Zone,...

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Home facts

  • Listing ID #:PI26117034
  • Added:1 day(s) ago
  • Updated:June 03, 2026 at 04:31 AM

Rooms and interior

  • Bedrooms:3

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$5,000,000
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