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Sold on 08/29/2022
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408 3rd St, Paso Robles, CA 93446

$1,311,000

Last sold 08/29/2022 for $1.2M

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    bed

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    bath

Multi-family not for sale

About 408 3rd St

Property type Multi-family
Year built 1950
HOA fee $0/month
Lot size 0.48 Acre
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
West Paso Robles in Old Town. Opportunity to purchase a triplex with in walking distance to the City Park and Restaurants & Shops. Owner purchased this property and transformed this property into three 2 bedroom 2 bath apartments. Each beautifully complete with its own private deck. Tall ceiling, clean lines, split pack Heat and air units, rail /hanging sliders and more with a modern touch. This property finished construction last year. There are additional plans into the city for 3 more units on the property, for a total of 6 units should the new owner choose to build. Per owner, permits are ready to pull at the city. Great location, great property! Perfect for long term investment, possibly keeping one of the residences for yourself if you like Wine Country visits. * Information from seller or seller's agents used to sell the property are believed to be from reliable sources but are not verified or guaranteed, purchaser agrees to verify all information through purchaser's hired professionals during property review. Please do not disturb tenants. Income and expense statement available upon request. Seller may effect a tax differed exchange.
Listed by
Listing Agent - Mitch Culver
Listing Office - RE/MAX Parkside Real Estate
Source: CRMLS mls logo
MLS#NS22164318 • last updated 4 years ago
Movoto checked CRMLS for data 1 minute ago
Overview
Type Residential Income
Status Closed
Lot Size (Acres) 0.4821
Lot Size (SqFt) 21000
Year Built 1950
Interior
Laundry Inside
Exterior
Building Area Square Feet, 3772
# Parking Spaces 6
# Garage Spaces 6
Lot Description Corner Lot, Gentle Sloping
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Luis Obispo
Community Features Foothills
Subdivision PR City Limits West(120), PR City Limits West(120)
Zoning R2
Directions Take Vine Street To 3rd. Turn West Go Two Blocks Property Is On Left. Pull Into The Property At The Parking Lot.
APN 9281009
Multifamily Details
Expense: Trash 142.96
Operating Expense 657.96
Expense: Insurance 150
Total Expenses 657.96
Expense: Maintenance 200
Expense: Water/ Sewer 165
Gross Income 7050
Gross Scheduled Income 7050
$1.31M
Range: $1.19M-$1.42M
Last 30 days 
Rental est.: $1,932/month
Gross rent multiplier: 51.7
  • Aug 2022
    Public Records
  • Aug 29, 2022 Sold
    $1,200,000
  • Aug 2022
    mls logo MLS # NS22164318
  • Aug 29, 2022 Sold
    $1,200,000 (-17.2%)
  • Aug 14, 2022 Pending
    —
  • Jul 29, 2022 Listed
    $1,450,000 (+31.8%)
  • Jan 2021
    mls logo MLS # NS20261584
  • Jan 29, 2021 Listed
    —
  • Jan 14, 2021 Pending
    —
  • Dec 21, 2020 Listed
    $1,100,000 (+144.4%)
  • Apr 2018
    mls logo MLS # SC17251020
  • Apr 13, 2018 Sold
    $450,000
  • Apr 12, 2018 Sold
    $450,000 (-18.2%)
  • Feb 24, 2018 Pending
    —
  • Jan 1, 2018 Listed
    —
  • Dec 18, 2017 Pending
    —
  • Dec 15, 2017 Listed
    —
  • Nov 14, 2017 Pending
    —
  • Oct 30, 2017 Listed
    $550,000
  • Oct 30, 2017 Listed
    $550,000
  • Apr 2018
    Public Records
  • Apr 12, 2018 Sold
    $450,000
  • Year Property taxes Tax assessment
  • 2024
    $13,608 +1.7%
    $1,224,000
  • 2023
    $13,386 +82.1%
    $1,224,000 +2.0%
  • 2022
    $7,352 +4.2%
    $1,200,000 +91.07%
  • 2021
    $7,058 +8.1%
    $628,029
  • 2020
    $6,528
    $628,029
  • 408 3rd St
    $1.2M
  • —
  • 93446
    $892K 0% y/y
  • Paso Robles
    $893K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • San Luis Obispo County
  • Paso Robles
  • 93446
  • 408 3rd St
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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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