Description

Rare 12-unit multifamily investment opportunity in Paso Robles, situated in the heart of California's Central Coast wine country. The offering consists of three fourplex buildings located on one parcel at 111 Oak Street, 121 Oak Street and 122 Vine Street. The property features a consistent unit mix of twelve two-bedroom, one-bathroom residences and combines established rental income with opportunities for future growth. Currently 10 of the 12 units are occupied with two vacant units offering lease-up potential generating more income. Laundry facilities on site and each unit includes a designated carport parking spot with storage closet. Convenient access to Highway 101 and downtown Paso Robles which places residents near restaurants, shops, tasting rooms and everyday amenities. With existing cash flow, scale and value-add potential, this offering presents a compelling opportunity for a 1031 exchange buyer, multifamily investor or portfolio owner seeking to expand their holdings on California's Central Coast.

Property details

Year built

1977

Property type

Residential Income

Lot size

22,500 sqft

Location

111 Oak • Paso Robles, CA 93446

More homes for sale and rent in Paso Robles, CA →

Listed by

Summer Kabaker · Compass

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Closed sales reported in 93446, nearest first, last 12 months. All recent sales in Paso Robles →

Residential Income - 111 Oak, Paso Robles, CA