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Sold on 06/06/2012
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1804 Spring St, Paso Robles, CA 93446

$785,000

Last sold 06/06/2012 after 177 Days

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    bed

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    bath

Multi-family not for sale
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About 1804 Spring St

Property type Multi-family
Year built 1927
HOA fee $0/month
Lot size 0.26 Acre
Rental estimate
Property description
Marketing Remarks: WOW - here is a unique opportunity to invest in Paso Robles history....and future! This ideal Spring Street corner (18th and Spring) generates strong INCOME now, but has a great future thanks to it's T-3 Flex zoning! This zoning allows for commercial incl. sit down restaurant, office, professional, mixed use... and residential income! So collect rent checks now, waiting for the time to remodel the existing building, or tear it down and build all new! Either way, the $7,000+ GROSS monthly income makes this an easy hold until you decide! You'll find lots of history here too - built in roaring 1920's as teacher housing, it originally was constructed with 12 units (units 1 & 2 were later combined into a character-filled 2 Bdrm apartment, which we'll call the 'managers unit'...complete with coved ceiliings and two fireplaces!). Plenty of onsite & street parking too! What a find!!
Listed by
Listing Agent - Scott Ehrke
Listing Office - RE/MAX Parkside Real Estate
Source: CRMLS mls logo
MLS#PR182273 • last updated 10 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
Status Closed
Lot Size (Acres) 0.25
Lot Size (SqFt) 11282
Year Built 1927
Interior
Laundry Community
Exterior
Foundation Raised
Building Area 6500
Parking On Site, Street
Lot Description Level With Street, Paved
Location
County San Luis Obispo
Community Features Curbs, Sidewalks
Subdivision PR City Limits West(120), PR City Limits West(120)
Zoning SM, RMF, COMR, COM
Directions Located At The N/E Corner Of Spring And 18th Street, Just A Few Blocks North Of DOWNTOWN Paso Robles! This Location Has A Past....and A Future! Cross Streets: 18th Street
APN 8236004
Multifamily Details
Tenant Pays Electricity
Operating Expense 38575
Cap Rate 5.5
Gross Multiplier 10.1
Rental est.: $1,932/month
Gross rent multiplier: 33.9
  • Oct 2016
    mls logo MLS # PR182273
  • Oct 3, 2016 Sold
    $785,000
  • Dec 12, 2011 Listed
    $837,500 (-26.0%)
  • Jun 2012
    Public Records
  • Jun 6, 2012 Sold
    $785,000 (-6.3%)
  • Aug 2005
    Public Records
  • Aug 12, 2005 Sold
    $1,132,500
  • Year Property taxes Tax assessment
  • 2024
    $10,747 +1.7%
    $966,660 +2.0%
  • 2023
    $10,571 +1.5%
    $947,707
  • 2022
    $10,414 +1.7%
    $947,707 +2.0%
  • 2021
    $10,237 +1.4%
    $929,125 +3.06%
  • 2020
    $10,097
    $901,569
  • 1804 Spring St
    $785K
  • —
  • 93446
    $892K 0% y/y
  • Paso Robles
    $893K 0% y/y
No chart available
Statistics calculated by Movoto

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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.
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