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Sold on 11/26/2014
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1502 Pine St, Paso Robles, CA 93446

$1,100,000

Last sold 11/26/2014 for $1.1M

  • —

    bed

  • —

    bath

  • 7,224

    Sqft ($152/Sqft)

Multi-family not for sale
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About 1502 Pine St

Property type Multi-family
Year built 1977
HOA fee $0/month
Lot size 10,000 Sqft
Movoto estimate
Rental estimate
Property description
Marketing Remarks: Brokers/Agents: See Confidential Remarks! Seller just raised rents; 4.5% cash flow with 30% down at close and rents still 20% below market. 5 minute walk to City Park. Six 2 bedrooms and three 1 bedroom units. Units are split level; see photos. Carports and garages; remaining carports could easily be converted into garages. This neighborhood is undergoing a revitalization; old homes being renovated and the downtown commercial area has expanded to one block away. Nearby homes are selling for $360,000 to $425,000 and some are now listed in the high $400,000s to low $500,000s.
Listed by
Listing Agent - Guy Torelli
Listing Office - Torelli Investment Realty
Source: CRMLS mls logo
MLS#SP1040966 • last updated 11 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Status Closed
Lot Size (Acres) 0.22
Lot Size (SqFt) 10000
Year Built 1977
Exterior
Foundation None
Roof Shingle
Building Area 7224
Lot Description Paved, Corner Lot
Location
County San Luis Obispo
Community Features Sidewalks, Curbs, Street Lighting
Subdivision PR City Limits West(120)
Zoning APT
Directions Three Blocks North Of City Park In Downtown Paso Robles On The Corner Of 15th And Pine Streets.
APN 8325005
Multifamily Details
Operating Expense 39550
Cap Rate 5.6
Gross Operating Income 108480
Gross Multiplier 10.8
$1.1M
Range: $990K-$1.21M
Last 30 days 
Rental est.: $1,932/month
Gross rent multiplier: 47.4
  • Nov 2014
    Public Records
  • Nov 26, 2014 Sold
    $1,100,000
  • Nov 2014
    mls logo MLS # SP1040966
  • Nov 26, 2014 Sold
    $1,100,000 (-6.4%)
  • Feb 8, 2014 Listed
    $1,175,000 (+53.6%)
  • Nov 2002
    Public Records
  • Nov 22, 2002 Sold
    $765,000
  • Year Property taxes Tax assessment
  • 2024
    $14,409 +1.7%
    $1,296,104 +2.0%
  • 2023
    $14,174 +1.5%
    $1,270,691
  • 2022
    $13,964 +1.7%
    $1,270,691 +2.0%
  • 2021
    $13,725 +1.4%
    $1,245,777 +3.06%
  • 2020
    $13,539
    $1,208,828
  • 1502 Pine St
    $1.1M
  • —
  • 93446
    $892K 0% y/y
  • Paso Robles
    $893K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Bauer/Speck Elementary School
public Grades K-5
Paso Robles Joint Unified School District
5/10
George H. Flamson Middle School
public Grades 6-8
Paso Robles Joint Unified School District
6/10
Paso Robles High School
public Grades 9-12
Paso Robles Joint Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • CA
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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