240 Oak, Paso Robles, California 93446, Paso Robles, 93446 - 2 bed, 1 bath
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240 Oak
Paso Robles, California 93446
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,020Sq Ft
7,000Lot Size
Property Price
LIST PRICE$685,000
EST. MARKET VALUE
$614,693
11% AboveMARKET VALUE
SUMMARY
This T3N-Zoned Residential Asset represents a High-Potential Investment Opportunity, listed at a List Price of $725,000—positioned above the $626,201 Fair Market Value. While the property carries a Condition Rating of 4, its Turnkey & Fully Furnished status and eligibility for a non-hosted short-term rental permit provide immediate income-generating utility. The Prime Westside Location on a 7,000 sqft corner lot offers significant long-term value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing residence in Paso Robles.
Estimated Market Value
$614,693
Based on Realkey algorithm analyzing recent comparable sales in Paso Robles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Oak Subject | $685,000* List Price | 2 | 1 | 1,020 | $603 | - |
A 273 Pacific Avenue Sold | $680,000 | 2 | 2 | 1,054 | $645 | 0.5 mi |
B 144 12th Street Sold | $645,000 | 2 | 2 | 1,184 | $545 | 0.7 mi |
C 649 Olive St Sold | $639,900 | 3 | 2 | 1,300 | $492 | 0.3 mi |
D 184 Bridgegate Sold | $695,000 | 3 | 2 | 1,281 | $543 | 0.8 mi |
E 127 Capitol Hill Sold | $600,000 | 3 | 2 | 1,216 | $493 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1951, this home is exceptionally well-maintained but remains largely dated. While the kitchen has a newer stainless stove, the cabinetry, tile countertops, and wall-mounted exhaust are older than 20 years. The presence of original built-ins, wood paneling, and older carpeting suggests that while functional and move-in ready, the primary systems and finishes are past the 20-year mark and would benefit from modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Short-Term Rental Potential
Located in the desirable T3N zoning district, this property is eligible for a non-hosted short-term rental permit, offering significant investment flexibility and income potential.
- Prime Westside Location
Situated on a spacious 7,000 sqft corner lot less than a mile from Downtown Paso Robles, providing easy access to world-class dining, tasting rooms, and shopping.
- Turnkey & Fully Furnished
The home is impeccably maintained and offered fully furnished, allowing for an immediate move-in or a seamless transition into the rental market without additional setup costs.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving two bedrooms, the layout may be a drawback for families or groups seeking more privacy and convenience.
- Small Interior Footprint
At approximately 1,000 square feet, the living space is relatively compact, which may limit its appeal to buyers looking for more expansive indoor areas.
About 240 Oak
Discover the perfect blend of location, comfort, and opportunity in this impeccably maintained westside Paso Robles home. Situated on an expansive 7,000± square foot corner lot, this charming 2-bedroom, 1-bath residence offers approximately 1,000± square feet of thoughtfully designed living space. Located within the desirable T3N (Town Centre Neighborhood) zoning district, the property offers buyers the opportunity to apply for a City of Paso Robles non-hosted short-term rental permit. This added flexibility makes it an excellent option for a primary residence, weekend getaway, or investment property. Located just under one mile from Downtown Paso Robles and nearby shopping centers, you'll appreciate the convenience of award-winning restaurants, tasting rooms, boutique shopping, entertainment, and everyday amenities just minutes from your doorstep. Offered fully furnished, this turnkey home allows you to begin enjoying the Central Coast lifestyle. The private, low-maintenance backyard is designed for effortless outdoor living, providing the perfect setting to relax, entertain, or unwind after a day exploring Paso Robles wine country.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,020 | 1,817.9 |
| Lot Size | 7,000 | 8,820.05 |
| Price | $685.0K | $812.0K |
| Price per sq ft | $672 | $441 |
| Built year | 1951 | 1991 |
| HOA | $0 | $180 |
| Days on market | 34 | 61 |
Pricing History
Listed for Sale
Sep 8, 2026
$685,000
$725,000
-6% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$725,000
Initial Listing