490 Pacific Avenue, Paso Robles, California 93446, Paso Robles, 93446 - 4 bed, 3 bath

490 Pacific Avenue
Paso Robles, California 93446
Property Price
SUMMARY
Analysis of 490 Pacific Avenue, Paso Robles, California 93446 is currently available with a list price of $2,495,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1958 and meticulously maintained by the original family, the home is in clean, livable condition but remains largely dated. The kitchen and bathrooms feature older cabinetry, tile work, and appliances that, while functional, lack modern styling and high-end finishes. The interior shows signs of its age through vintage light fixtures, wood paneling, and older flooring, fitting the criteria for a well-kept property that requires cosmetic and system updates to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 49223, living area = 2435.
- Development Versatility
The estate spans three contiguous parcels totaling 2.24 acres, offering rare potential for a private compound, additional dwellings, or the resale of individual lots.
- Panoramic Hilltop Views
Perched atop a secluded lane with a private gate, the property provides sweeping, unobstructed views of the city and rolling hills, ensuring both prestige and privacy.
CONSRISKS & DEFICIENCIES
- Vintage Condition
Built in 1958, the home may require substantial capital investment to modernize its systems and finishes to align with current high-end market expectations.
- Market Volatility
A significant price reduction from the original listing suggests previous overvaluation or extended days on market, which could impact buyer confidence.
About 490 Pacific Avenue
Perched above the heart of Paso Robles, this exceptional hilltop estate offers breathtaking panoramic views and a once-in-a-generation opportunity. Held within the same family since its construction in 1958, the single-level ranch-style home sits in quiet prominence atop a secluded lane, accessed by a private gate. Encompassing 2,425 square feet, the meticulously maintained residence features 4 spacious bedrooms and 3 baths, blending timeless charm with remarkable potential. Spanning three contiguous parcels totaling 2.24 acres, this legacy property presents unmatched versatility—perfect for a private compound, investment, or potential future development. The primary homesite (Lot 1) includes 1.13 acres with the main residence, while Lot 4 (0.64 acres) and Lot 3 (0.47 acres) offer a blank canvas for expansion, additional dwellings, or resale. Sweeping, unobstructed views stretch across the city and the rolling hills beyond, offering a rare combination of privacy, elevation, and proximity to town. Rarely does a property of this stature and location become available—an authentic Paso Robles original, rich in history and poised for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 49,223 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,435 | 1,790.5 | 78% |
| Lot Size | 49,223 | 9,583 | 78% |
| Price | $2.50M | $775.0K | 97% |
| Price per sq ft | $1.0K | $440 | 100% |
| Built year | 1958 | 1990 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 208 | 186 | 62% |
Pricing History
Listed for Sale
Feb 26, 2026
$2,495,000
Initial Listing
Price Change
Aug 11, 2025
$3,750,000
Initial Listing























































