Home | San Luis Obispo County | Paso Robles | 93446 | 3505 Spring St
3505 Spring St, Paso Robles, CA 93446
MLS: CRPI26094991 | Status: | Price: $1,900,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
– |
16,948 |
1968 |
(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3505 Spring Street is a unique 10-unit multifamily property in the heart of Paso Robles, offered at approximately $190,000/unit, $380/SF with a stabilized cap rate of 7.84% and annual rent upside of approximately $53,340. The property spans approximately 5,000 rentable square feet across two stories on a ±0.40-acre lot. The diverse unit mix includes five (5) studios with one bathroom, one (1) studio with two bathrooms, two (2) one-bedroom/one-bathroom units, one (1) one-bedroom/two-bathroom unit, and one (1) two-bedroom/two-bathroom unit — catering to a broad renter demographic. The property is zoned T-4NC and sits within a federally designated Opportunity Zone, providing meaningful tax advantages for qualifying investors. A RUBS program implemented in October 2025 per CA Civil Code §827 passes approximately 90% of gross utility costs back to tenants, materially improving net operating income. With current rents below market and one unit presently vacant, a new owner is positioned to immediately begin closing the income gap toward stabilized returns.
Investment Highlights:
*Federally Designated Opportunity Zone — Significant Tax Incentives for Qualifying Investors
*RUBS Pro
| Field |
Value |
| MLS # |
CRPI26094991 |
| MLS Source |
California Regional MLS |
| Days on Site |
4 |
Features
Interior Features
| Feature |
Details |
| Laundry |
Community Facility |
| Cooling |
Window/Wall Unit |
Exterior Features
| Feature |
Details |
| Style |
Traditional |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Common Parking Area, Other, Garage: 0 Car(s) |
| HOA Fee |
$0 |
| Listing Agent |
Co-Listing Agent |
| Abel Contreras |
Chelsea King |
| Invest SLO |
|
| License #: 02062620 |
License #: 02152275 |
| Phone: – |
Phone: (805) 540-9333 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
9 |
– |
Disclosures
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of May 29, 2026. For the most current information, please contact Abel Contreras.