
Paso Robles, California 93446
This Prime Investment Opportunity is a Quadruplex listed at $1,500,000, positioned well below the $1,559,459 Fair Market Value by 3%. This valuation gap offers $59,459 in Instant Equity. Featuring a Mint Condition Rating with recent interior renovations, including luxury vinyl plank flooring and modern kitchens, this asset minimizes immediate capital expenditure. Its downtown location ensures high rental demand, making it a stable, income-generating Buy-and-Hold Investment ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking an established multi-unit asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1635 Pine Subject 0 bd · 0 ba · 2,704 sqft · $577 | $1,500,000* List Price | 0 | 0 | 2,704 | $577 | - |
A 1636 Spring Street Sold 0 bd · 0 ba · 2,141 sqft · $584 · 0.1 mi | $1,250,000 | 0 | 0 | 2,141 | $584 | 0.1 mi |
B 1636 Spring Street Sold 4 bd · 3 ba · 2,141 sqft · $584 · 0.1 mi | $1,250,000 | 4 | 3 | 2,141 | $584 | 0.1 mi |
C 2221 Oak Street Sold 0 bd · 0 ba · 2,632 sqft · $437 · 0.5 mi | $1,150,000 | 0 | 0 | 2,632 | $437 | 0.5 mi |
D 2230 Spring Street Active 2 bd · 2 ba · 1,757 sqft · $606 · 0.4 mi | $1,065,000 List Price | 2 | 2 | 1,757 | $606 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1974, the property has undergone a comprehensive recent interior renovation within the last 5 years. It features fully modernized kitchens with new cabinetry, quartz countertops, and stainless steel appliances, along with updated bathrooms and new luxury vinyl plank flooring throughout, putting the units in mint, move-in ready condition.
Situated in the heart of Paso Robles, the property offers tenants immediate access to Downtown City Park, wine tasting rooms, and dining, ensuring high rental demand and low vacancy rates.
The units feature high-quality updates including luxury vinyl plank flooring, modern kitchens with newer appliances, and refreshed bathrooms, significantly reducing immediate capital expenditure for a new owner.
With a desirable mix of 1-bedroom and 2-bedroom floor plans and existing tenants already in place, the property provides a diversified and immediate income stream for investors.
Originally constructed in 1974, the property may require ongoing maintenance or future upgrades to major systems such as plumbing and electrical that are common for buildings of this vintage.
At a list price of $1.5 million, the cost per square foot is relatively high for a 1970s quadruplex, which may result in a tighter capitalization rate compared to other regional multi-family opportunities.
This four-unit property in the heart of downtown Paso Robles presents an attractive investment opportunity with a combination of 1-bedroom and 2-bedroom residences, existing tenants in place, and a highly desirable location close to downtown amenities. The property includes two spacious 2-bedroom, 1-bath units, Apartments A and B, featuring the same functional floor plan, along with two 1-bedroom, 1-bath units, Apartments C and D. The residences have been thoughtfully renovated with updated finishes, luxury vinyl plank flooring, bright living spaces, modern kitchens with newer appliances, updated bathrooms, and ample natural light. Additional features include washer and dryer hookups, convenient on-site parking, separate garage storage, and outdoor space. Located just moments from Downtown City Park, restaurants, coffee shops, shopping, and Paso Robles wine tasting rooms, the property offers tenants convenient access to the best of downtown living. With four residential units, a desirable mix of 1- and 2-bedroom floor plans, existing tenancy, updated interiors, and a prime Paso Robles location, this property offers an opportunity for investors seeking an established multi-unit asset in one of the Central Coast’s most sought-after communities
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.7 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,704 | 2,124.6 |
| Lot Size | 7,000 | 7,007.2 |
| Price | $1.50M | $945.0K |
| Price per sq ft | $555 | $467 |
| Built year | 1974 | 1944 |
| HOA | $0 | $75 |
| Days on market | 32 | 131 |
Sep 22, 2026
$1,500,000
Initial Listing
Aug 19, 2019
$700,000
Public Record
Oct 2, 2008
$505,000
Public Record
Jan 4, 2001
$295,000
Public Record