3532 Spring Street, Paso Robles, California 93446, Paso Robles, 93446 - 0 bed, 0 bath
Loading property details...
Paso Robles, California 93446
This Turn-Key Triplex represents a High-Potential Investment Opportunity, listed at $889,000—positioned well below the $995,860 Fair Market Value by 10%. This valuation gap offers $106,860 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the property features updated vinyl plank flooring and butcher block countertops. With separate utility meters, three garages, and an unused storeroom for additional income, this asset is optimized for maximum cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Property is move-in ready.
This 1984 triplex is in move-in ready, turn-key condition. The interior has been updated with modern vinyl plank flooring throughout and fresh paint. The kitchen features updated butcher block countertops and painted cabinetry. While some features like the fluorescent light boxes and white appliances are dated, the overall maintenance is high with no immediate repairs required, fitting the criteria for a well-maintained property of its age.
The property features separate gas and electric meters for each unit, which minimizes landlord overhead and simplifies utility management for the owner.
The presence of an unused storeroom offers a strategic opportunity to generate additional monthly income beyond the existing residential rents.
With three separate garages plus additional on-site parking and laundry hook-ups, the property provides high-demand features that ensure low vacancy and tenant retention.
Being situated in an 'up-and-coming' area suggests the neighborhood is still in a phase of revitalization, which may affect immediate property surroundings and perceived prestige.
Constructed in 1984, the building is reaching a cycle where major systems or structural components may require more frequent maintenance or capital improvements compared to newer builds.
Turn-key triplex with solid tenants located in the up-and-comng area of north Spring Street in Paso Robles. Separate gas and electric meters. Three separate garages plus on-site parking. Washer / Dryer hook-ups in garages. Potential additional income by renting out an unused storeroom.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,640 | 2,061 | 75% |
| Lot Size | 8,400 | 7,700 | 50% |
| Price | $889.0K | $819.5K | 50% |
| Price per sq ft | $337 | $445 | 25% |
| Built year | 1984 | 1982 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 177 | 25% |
Apr 14, 2026
$889,000
Initial Listing
Feb 5, 2014
$365,000
Public Record
Apr 7, 1999
$161,000
Public Record