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240 Spring ST Paso Robles, CA 93446
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Key Details
Sold Price $7,725,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Pr City Limits West(120)
MLS Listing ID SP20039444
Sold Date 06/11/20
HOA Y/N No
Year Built 1953
Lot Size 2.810 Acres
Acres 2.81
Property Description
Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional income. A small office space for management. The complex sits on approximately 2.81 acres and graced by majestic Oak trees. Located in the "Opportunity Zone" and zoned as TC-2 "Town Center Commercial Zoning District". Check with the City of Paso Robles about the possibility to add additional units. The apartments are just a few short blocks away from the downtown core.
Paso Robles is known for its world class restaurants, wineries, local Mid State Fair, Vina Robles Amphitheater, and the Equestrian event venue "Paso Robles Horse Park". Paso Robles has made a big name for itself! It is a great place to work, live and vacation! This is a fabulous opportunity to invest in an amazing location and provide much needed homes in a tight and competitive housing market.
Information deemed reliable but not verified.
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Zoning TC2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Common Area
Exterior
Garage Detached Carport, On Site, One Space
Carport Spaces 32
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Parking Type Detached Carport, On Site, One Space
Total Parking Spaces 54
Private Pool No
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Street Level
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 009291005
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
Energy Description 18000.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Anthony Aurignac • Aurignac & Associates
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