6880 Monterey, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 1 bath
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Paso Robles, California 93446
Analysis of 6880 Monterey, Paso Robles, California 93446 is currently available with a list price of $399,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The structures date back to 1932 (>90 years old) with no evidence of modernization. The listing explicitly states the property is ineligible for conventional financing and requires substantial repair or redevelopment, indicating the value is primarily in the 5-acre land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 195149, living area = 1188.
Spanning nearly five acres in North Paso Robles, this property offers a rare rural setting with Residential Suburban zoning while maintaining convenient proximity to Highway 101 and city amenities.
With a list price of $399,000 and nearby improved ranchette sales reaching the $800k-$900k range, there is substantial equity upside for a visionary remodel or redevelopment project.
Due to the age and distressed condition of the 1930s structures, the property is ineligible for conventional financing, restricting the buyer pool to cash or private money investors.
The existing improvements are in 'project' condition and require significant modernization to meet current Title 19 requirements and building codes, necessitating a large capital expenditure.
Opportunity on nearly five acres in North Paso Robles, this vintage 1930s ranchette offers a legal existing single-family residence and multiple accessory structures ready for a visionary remodel or redevelopment. Property overview Set on approximately 4.48–4.9 acres along Monterey Road, the property includes an older single-family home of about 1,188 square feet plus outbuildings dating back to the 1930s–1950s. The parcel is zoned RS (Residential Suburban), providing a rural setting with convenient access to Highway 101 and Paso Robles amenities. Existing structures and status County Assessor records show three structures constructed in the 1930s and another moved on in the 1950s, and the Assessor treats the existing improvements as effectively “permitted” because building permits were not required until about 1958. County Building staff consider these 1930s structures legal existing under the residential code, while Planning treats them as “existing nonconforming” improvements reviewed under County Code Section 22.72.060 for any future alterations or expansion. Financing and condition Because of age and condition, this is a project property suited for an investor, contractor, or owner-builder and will require substantial repair and modernization. The home and related structures are not eligible for conventional financing; purchase will need to be with cash, hard money, or other private funds only. Remodel and value-add potential A buyer who wishes to keep and renovate the existing home would pursue a standard remodel/addition permit, with new work complying with current Title 19 requirements and any expansion reviewed under Section 22.72.060. Recent improved ranchette and multi-home sales along Monterey Road in the mid- to high-800s and 900s highlight the upside for a well-planned remodel or redevelopment on this nearly five-acre site. Infrastructure and utilities The parcel includes a newer well installation, with a 200-amp electrical service permit (RMEP2023-00052) previously issued for the well. Buyers should verify the status of utilities, water system, and any required upgrades or inspections with San Luis Obispo County Planning and Building.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,188 | 1,825.5 |
| Lot Size | 195,149 | 7,383.5 |
| Price | $399.0K | $795.9K |
| Price per sq ft | $336 | $449 |
| Built year | 1932 | 1987 |
| HOA | $0 | $180 |
| Days on market | 13 | 60 |
Jul 9, 2026
$399,000
Initial Listing