Home | San Luis Obispo County | Paso Robles | 93446 | 3411 Spring St
3411 Spring St, Paso Robles, CA 93446
MLS: CRPI26094992 | Status: | Price: $3,100,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
– |
16,425 |
1978 |
(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 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 6.76% 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.
Investme
| Field |
Value |
| MLS # |
CRPI26094992 |
| MLS Source |
California Regional MLS |
| Days on Site |
4 |
Features
Interior Features
| Feature |
Details |
| Cooling |
Window/Wall Unit |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Style |
Traditional |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Covered Parking, Other, Parking Area, Garage: 14 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 |
14 |
– |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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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.