Marketing Remarks: WOW - here is a unique opportunity to invest in Paso Robles history. .. .and future! This ideal Spring Street corner (18th and Spring) generates strong INCOME now, but has a great future thanks to it's T-3 Flex zoning! This zoning allows for commercial incl. sit down restaurant, office, professional, mixed use. .. and residential income! So collect rent checks now, waiting for the time to remodel the existing building, or tear it down and build all new! Either way, the $7,000+ GROSS monthly income makes this an easy hold until you decide! You'll find lots of history here too - built in roaring 1920's as teacher housing, it originally was constructed with 12 units (units 1 & 2 were later combined into a character-filled 2 Bdrm apartment, which we'll call the 'managers unit'. .. complete with coved ceiliings and two fireplaces!). Plenty of onsite & street parking too! What a find!!
Multi-familyProperty Type
1927Year Built
0.26 acresLot Size
$121Price/Sq.Ft.
Listed by Scott Ehrke•DRE #01012637• RE/MAX Parkside Real Estate
Bought with Susan Kretzu•DRE #01451523• Re/Max Parkside Real Estate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
San Luis Obispo County
APN
008-236-004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
T-3F
NORTH COUNTY PLANNING AREA
INLAND AREA
SALINAS RIVER SUB AREA
Uptown/Town Centre Specific Plan-Flex Zone
The T-3F zone is applied to areas primarily along Spring Street between 16th and 21st Streets and on Vine and Oak Streets that are mainly occupied by 1- and 2-story, single family dwellings with large, landscaped front yard setbacks along tree- lined streets. Many of the buildings within the T-3F zone are historically significant. The intent of the T-3F zone is to preserve the existing character, while allowing for higher residential densities and a more diverse use mix than the T-3N zone.
Zone overlays
Permitted uses
Include but are not limited to:
Day care facility
Housing
Housing-Group
Housing-Senior
Housing-Other
Office
Medical office
Educational/school
Mar 1, 2021 • Final
Residential remodel/addition
Complete re-roof of a residential building.
Roofing
May 9, 2018 • Final
Mechanical, plumbing, electrical
Install an electrical meter for common areas.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
On Site, Street
Has Parking
Interior
Laundry Information
Has Laundry
Community
Cooling Information
See Remarks
Has Cooling
Heating Information
See Remarks
Interior Features
Levels: Two
Multi-Unit Information
Net Operating Income: $46,100
Total Building Area: 6,500
Gross Multiplier: 10.1
Laundry Equipment Own or Lease: Lease
Vacancy Allowance: 0
Exterior
Exterior Information
Roof: Flat Roof, See Remarks
Foundation Information
Foundation Details: Raised
Lot Information
Lot Size Source: Assessor's Data
Lot Features: Level with Street, Paved
Property Information
Total # of Units: 4
Parcel Number: 008236004
Financial
Lease / Rental Details
Operating Expense: $38,575
Tenant Pays: Electricity
Location
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 35.63317900
Longitude: -120.69156600
Other Subdivision Name: PR City Limits West(120)
Directions: Located at the N/E corner of Spring and 18th Street, just a few blocks north of DOWNTOWN Paso Robles! This location has a past....and a future! Cross Streets: 18th Street
Subdivision Name: PR City Limits West(120)
Zoning: SM,RMF,COMR,COM
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: San Luis Obispo County
APN: 008-236-004
Home facts updated by county records on Aug 17, 2026
Other
Listing Information
Days Active in MLS: 137
Continuous Days Active in MLS: 1,549
Listing Agent Information
List Agent First Name: Scott
List Agent Last Name: Ehrke
Listing Office Information
List Office Name: RE/MAX Parkside Real Estate
Selling Agent Information
Buyer Agent First Name: Susan
Buyer Agent Last Name: Kretzu
Selling Office Information
Buyer Office Name: Re/Max Parkside Real Estate
Around this home
Schools
Bauer/Speck Elementary School
Public K-6 • Assigned • 0.2mi
5/10
George H. Flamson Middle School
Public 7-8 • Assigned • 0.5mi
4/10
Paso Robles High School
Public 9-12 • Assigned • 1.7mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
7% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Paso Robles, CA • 93446
Average low and high temperatures (°F)
63
36
65
42
71
44
72
45
81
49
87
52
87
54
94
56
88
57
81
50
66
42
64
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.9 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.