2221 Oak Street, Paso Robles, California 93446, Paso Robles, 93446 - 6 bed, 7 bath

2221 Oak Street
Paso Robles, California 93446
Property Price
SUMMARY
Analysis of 2221 Oak Street, Paso Robles, California 93446 is currently available with a list price of $1,295,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Paso Robles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a new roof and gutters (2025), matching white vinyl windows, and updated tile flooring in two units. While the structure dates to 1967, the interior of the units appears well-maintained with at least one kitchen fully remodeled with modern white cabinetry. The exterior features low-maintenance synthetic turf and functional detached garages, indicating minimal deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & High Demand
Situated on the highly desirable west side of Paso Robles near downtown, this property benefits from consistent rental demand and proximity to major amenities, schools, and Highway 101.
- Recent Capital Improvements
Significant upgrades including a new roof and gutters (2025), vinyl windows, and partial interior remodeling reduce immediate maintenance costs and enhance the property's overall value.
- Future Development Potential
The expansive 11,200 sq. ft. lot combined with T-3N zoning provides a rare opportunity for long-term upside through value-add strategies or potential future development.
CONSRISKS & DEFICIENCIES
- Shared Water Metering
The property utilizes a single water meter for all three units, which can lead to higher owner-paid utility expenses and complicates the implementation of individual tenant billing.
- Inconsistent Unit Condition
With only one kitchen fully remodeled and partial flooring updates, the 1967-built structure may require additional capital investment to bring all units up to a uniform, modern market standard.
About 2221 Oak Street
Exceptional opportunity to acquire a desirable triplex in the highly sought-after west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sq. ft. lot, this property offers both immediate cash flow and long-term upside potential. The unit mix includes two spacious 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit—an attractive configuration for strong tenant demand. All three units are currently leased, providing stabilized income from day one. Recent capital improvements enhance value and reduce near-term expenses, including a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances. The property offers functional amenities that support tenant retention: fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter. Located near downtown Paso Robles, Highway 101 access, schools, shopping, and services, this asset benefits from strong rental demand and long-term appreciation drivers. The generous lot size and T-3N zoning create potential for future development or value-add strategies (buyer to verify). A rare combination of location, improvements, income stability, and future flexibility—ideal for investors seeking both yield and growth.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1967
- Lot Size
- 11,200 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 2.0 | 80% |
| Baths | 7.0 | 1.0 | 80% |
| Square foot | 2,632 | 1,822 | 60% |
| Lot Size | 11,200 | 7,300 | 60% |
| Price | $1.29M | $750.0K | 80% |
| Price per sq ft | $492 | $477 | 80% |
| Built year | 1967 | 1980 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 162 | 20% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,295,000
Initial Listing
Sold
Dec 31, 1996
$165,000
Public Record









































