Paso Robles, CA 93446,528 Oak ST
Paso Robles, CA 93446,528 Oak ST
Paso Robles, CA 93446,528 Oak ST
52
$955,000
Est.Price: ?

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7,000 Sqft Lot

528 Oak ST Paso Robles, CA 93446

Est. payment /mo
SOLD DATE : 12/17/2021

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Key Details

Sold Price $955,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Pr City Limits West(120)

MLS Listing ID NS21224429

Year Built 1942

Lot Size 7,000 Sqft

Property Description

Wonderful westside Paso Robles multi-family investment opportunity! Located just blocks from the vibrant Paso Robles downtown district, this offering includes a tastefully remodeled (and completely adorable!) 2BR/1BA 1940's home, a modest studio unit, and a sizable and newer block-construction building with 2 additional residential units. All together, there are 4 units on this street-to-alley T3-N (multi-family) lot - all within short walking distance to restaurants, banking, shopping and recreation. There is also an elaborate (owned) solar power system, providing additional monthly revenue to the property owner. Please note that the photos of the front house were taken approx. 2 years ago, prior to the current tenant moving in. The income numbers reflect the outgoing tenant's current rental rate ($1800/mo), but this unit will be delivered vacant and freshened up at close. About the home, it had a very elaborate remodel completed within the last 3 years, including all new kitchen & bath appointments, floor & wall coverings (hand-troweled drywall for a contemporary touch), windows, doors & hardware, plumbing, HVAC, etc. At approx. 800SF, it is cozy, but absolutely cute as a button! It also has a walk-in basement - ideal for tenant storage or to develop an ultimate wine cellar! Whether you choose to live in it as a second home in Paso wine country, or rent it again, it will treat you well. Behind the home is a vintage (70ish year old) 350SF Studio unit, currently rented to a long-term tenant at $800/month. It includes a 3/4 bath, fun tongue & groove pine ceiling and wall details, and a recently installed Mini-split HVAC. And then there is the duplex, accessed off the alley. This 36' x 50' duplex structure was built in 1989 and includes two LARGE 1-bdrm units (est. 900SF each) with BIG (16' tall) attached garages. One tenant has been here for 18 years while the other has been here just about a year and a half ($1,389 and $1,400/mo respectively). All tenants gel cohesively, which is nice with a multi-family property. Together with the solar power income, this property generates approx. $5,700/mo based on current rents. Further property improvements could easily push this above $6,000/mo. This is also located in 1 of just 3 'Qualified Opportunity Zones' in SLO County (tax benefits)! Zoning qualifies for vacation rental use (property changes & license would be needed). Offer submission deadline is 5pm on Wed, Nov 3rd!

Location

State CA

County San Luis Obispo

Area Pric - Pr Inside City Limit

Zoning T3-N

Rooms

Other Rooms Sheds

Interior

Heating HighEfficiency

Cooling HighEfficiency

Flooring Laminate

Fireplaces Type None

Laundry LaundryCloset

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Urban

Roof Type Composition

Building

Lot Description NearPublicTransit, RectangularLot

Story One, Two

Foundation Combination, Raised

Sewer PublicSewer

Water Public

New Construction No

Others

Acceptable Financing Item1031Exchange

Listing Terms Item1031Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Scott Ehrke • RE/MAX Success
Bought with Leila Harrington • Mission Country Properties Inc

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