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

490 Pacific Avenue, Paso Robles, California 93446 home-pic-0

490 Pacific Avenue

Paso Robles, California 93446

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,435Sq Ft
49,223Lot Size

Property Price

LIST PRICE$2,495,000

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

Fair
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
67%
Baths3.02.0
63%
Square foot2,4351,790.5
78%
Lot Size49,2239,583
78%
Price$2.50M$775.0K
97%
Price per sq ft$1.0K$440
100%
Built year19581990
8%
HOA$0$0
50%
Days on market208186
62%

Pricing History

Listed for Sale

Feb 26, 2026

$2,495,000

Initial Listing

Price Change

Aug 11, 2025

$3,750,000

Initial Listing

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