818 Olive Street, Paso Robles, California 93446, Paso Robles, 93446 - 2 bed, 1 bath
818 Olive Street
Paso Robles, California 93446
Property Price
SUMMARY
Analysis of 818 Olive Street, Paso Robles, California 93446 reveals a property with a current list price of $415,000, which is 4% above the estimated $397,946 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 818 Olive Street Subject | $415,000* List Price | 2 | 1 | 896 | $444 | - |
A 105 Capital Hill Drive Pending | $448,900 List Price | 2 | 1 | 865 | $519 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1941, this property is explicitly described as a 'diamond in the rough' requiring substantial rehabilitation. The kitchen and bathroom feature severely outdated cabinetry, old appliances, and aged fixtures. With a small 896 sq ft footprint and aging systems, the home requires a full renovation to address significant wear and tear and to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just blocks from Paso Robles’ vibrant downtown, the property offers exceptional walkability to world-class tasting rooms, boutique shops, and award-winning restaurants.
- Development Potential
The generous 7,000+ sq ft lot is zoned for multi-family use, offering a rare opportunity for a lot split or the construction of additional income-producing units.
- High Investment Value
With a significant price reduction from the original list price, this property serves as an ideal entry point for investors or DIY buyers looking to build equity in a high-demand wine country market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Extensive Renovation Required
Described as a 'diamond in the rough,' this 1941 bungalow likely requires substantial capital investment to address aging systems and cosmetic updates.
- Small Living Footprint
At only 896 square feet with a 2-bedroom, 1-bathroom configuration, the existing structure offers limited living space that may not meet the needs of modern families without an expansion.
About 818 Olive Street
Welcome to the heart of wine country! This cozy bungalow sits just blocks from Paso Robles’ vibrant downtown—home to tasting rooms, boutique shops, and award-winning restaurants. Whether you're a savvy investor or a DIY dreamer, this diamond in the rough offers the perfect canvas to create your ideal home or investment property. Situated on a 7000+ sq ft lot, zoned multi family. Two storage sheds + a carport located off the alley. This property could also be a prime candidate for a lot split or for potentially building multifamily units!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 896 | 1,780.5 | 2% |
| Lot Size | 7,000 | 9,541.5 | 37% |
| Price | $415.0K | $775.0K | 2% |
| Price per sq ft | $463 | $440 | 57% |
| Built year | 1941 | 1990 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 184 | 45% |
Pricing History
Listed for Sale
Mar 5, 2026
$415,000
$425,000
-2% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$425,000
Initial Listing
Price Change
Sep 16, 2025
$599,000
Initial Listing
Sold
May 21, 2004
$200,000
Public Record