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Sold on 03/16/2021
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515 Fein Ave, Paso Robles, CA 93446

$881,000

Last sold 03/16/2021 for $688K

  • —

    bed

  • —

    bath

  • 2,668

    Sqft ($258/Sqft)

Multi-family not for sale
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About 515 Fein Ave

Property type Multi-family
Year built 1983
HOA fee $0/month
Lot size 5,413 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
3-plex Investment Opportunity! Paso Robles- 3 plex with 1 unit downstairs and 2 upstairs available. Each unit is approximately 890 sq. ft. with an excellent 2bedroom/1 bath layout. Each unit has a deep, single car garage. There is also additional on-site parking spaces and a coin-operated laundry room. The downstairs unit has a spacious backyard. Nestled up to the North Paso Hills and within a block of the Uptown Family Park. There is a newer roof and updated windows. These 3 units are low maintenance and have easy freeway access. Two of the units have reliable, long-term tenants and all 3 units produce a consistent income with near market rate rents. If you’re looking for a good return on investment, don’t pass this up.
Listed by
Listing Agent - Jeanne Kohlbush
Listing Office - JK Properties
Source: CRMLS mls logo
MLS#PI21014556 • last updated 5 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Status Closed
Lot Size (Acres) 0.1243
Lot Size (SqFt) 5413
Year Built 1983
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 2668
Parking Assigned
# Parking Spaces 3
# Garage Spaces 3
Lot Description 2-5 Units/Acre, Back Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Pool None
Location
County San Luis Obispo
Community Features Park
Subdivision PR City Limits West(120), PR City Limits West(120)
Zoning R4
Directions US-101 Exit 232 (Spring ST), Turn Right Onto 36th ST, Turn Right Onto Vine St., Turn Right Onto Fein Ave.
APN 8012023
Multifamily Details
Expense: Trash 1453
Laundry Income 800
Operating Expense 5000
Cap Rate 5.5
Expense: Insurance 1500
Total Expenses 13975
Expense: Water/ Sewer 2937
Gross Income 52400
Expense: Electric 190
Gross Scheduled Income 51800
Expense: Fuel 220
$881K
Range: $810K-$951K
Last 30 days 
Rental est.: $1,932/month
Gross rent multiplier: 29.7
  • Mar 2021
    Public Records
  • Mar 16, 2021 Sold
    $688,500
  • Mar 2021
    mls logo MLS # PI21014556
  • Mar 16, 2021 Sold
    $688,000.71 (-1.7%)
  • Jan 27, 2021 Pending
    —
  • Jan 22, 2021 Listed
    $700,000 (+22.4%)
  • Feb 2017
    mls logo MLS # PR1068241
  • Feb 1, 2017 Sold
    $572,000
  • Oct 20, 2016 Sold
    $572,000 (-4.5%)
  • Jun 21, 2016 Listed
    $599,000
  • Jun 21, 2016 Listed
    $599,000
  • Oct 2016
    Public Records
  • Oct 20, 2016 Sold
    $572,000
  • Year Property taxes Tax assessment
  • 2024
    $8,117 +1.7%
    $730,110
  • 2023
    $7,985 +1.5%
    $730,110 +4.04%
  • 2022
    $7,866 +14.1%
    $701,760 +14.42%
  • 2021
    $6,892 +1.4%
    $613,297 +1.04%
  • 2020
    $6,798 +1.4%
    $607,009
  • 2019
    $6,702 +1.4%
    $607,009 +2.0%
  • 2018
    $6,611 +6.3%
    $595,108 +2.0%
  • 2017
    $6,216
    $583,440
  • 515 Fein Ave
    $688K
  • —
  • 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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  • CA
  • San Luis Obispo County
  • Paso Robles
  • 93446
  • 515 Fein Ave
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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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