Marketing Remarks: Great Investment Opportunity at a 6% CAP RATE! Most of the units have been remodeled and fresh paint outside. This well-maintained 4 & 5 Unit apartment complex offers 8 units with 2 bedrooms, 1 bathrooms of approximately 1,000+/- sq. ft. each and 1 new studio unit approximately 700+/- sq. ft. A new roof was installed within the last 5 years. New tile floors and granite counters in several units. Other features include 8 individual garages and all are individually metered. Located close to downtown Paso Robles and walking distance to the Fairgrounds. There is a waiting list for the 2 bedroom units.
Multi-familyProperty Type
1984Year Built
10,001 sq ftLot Size
$373Price/Sq.Ft.
Listed by David Crabtree•DRE #01092187• Home & Ranch Sotheby's Intl
Bought with David Crabtree•DRE #01092187• Home & Ranch Sotheby's Intl
Marketing Remarks: Great Opportunity: 4 Unit apartment complex, each unit offers 2 bedrooms, 1 bathrooms and each are approximately 1000+/- sq. ft. Located close to downtown Paso Robles and walking distance to the Fair Grounds.
NSBCRMLS #162139
Jan 5, 2012
Listing Removed
—
Jan 27, 2010
Listed
$990,000
$234/sq ft
CRMLS #PR162139
Feb 1, 2012
Listing Removed
—
Jan 27, 2010
Listed
$990,000
$234/sq ft
NSBCRMLS #1026174
Jul 16, 2004
Listing Removed
—
Jan 1, 2004
Listed
$1,185,000
$280/sq ft
CRMLS #PR1026174
Jul 16, 2004
Sold
$1,080,000
$255/sq ft
Jan 1, 2004
Listed
$1,185,000
$280/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,651 (+1.6%)
$326,014 + $470,912
$796,926
2024
$8,516 (+1.7%)
$319,622 + $461,679
$781,301
2023
$8,377 (+1.5%)
$313,355 + $452,627
$765,982
2022
$8,252 (+1.7%)
$307,211 + $443,752
$750,963
2021
$8,111 (+1.4%)
$301,188 + $435,051
$736,239
2020
$8,001 (+1.4%)
$295,283 + $426,521
$721,804
2019
$7,888 (+1.4%)
$292,256 + $422,148
$714,404
2018
$7,780 (+6.3%)
$286,526 + $413,871
$700,397
2017
$7,316 (+2.0%)
$275,400 + $397,800
$673,200
2016
$7,172 (+64.2%)
$275,400 + $397,800
$673,200
2015
$4,369 (+3.6%)
$270,000 + $390,000
$660,000
2014
$4,217 (−1.6%)
$150,681 + $239,080
$389,761
2013
$4,288
$150,000 + $245,000
$395,000
Tax history for 2041-2049 Riverside Ave
Year
Property tax
Land + Additions
Assessment*
2025
$8,651 (+1.6%)
$326,014 + $470,912
$796,926
2024
$8,516 (+1.7%)
$319,622 + $461,679
$781,301
2023
$8,377 (+1.5%)
$313,355 + $452,627
$765,982
2022
$8,252 (+1.7%)
$307,211 + $443,752
$750,963
2021
$8,111 (+1.4%)
$301,188 + $435,051
$736,239
2020
$8,001 (+1.4%)
$295,283 + $426,521
$721,804
2019
$7,888 (+1.4%)
$292,256 + $422,148
$714,404
2018
$7,780 (+6.3%)
$286,526 + $413,871
$700,397
2017
$7,316 (+2.0%)
$275,400 + $397,800
$673,200
2016
$7,172 (+64.2%)
$275,400 + $397,800
$673,200
2015
$4,369 (+3.6%)
$270,000 + $390,000
$660,000
2014
$4,217 (−1.6%)
$150,681 + $239,080
$389,761
2013
$4,288
$150,000 + $245,000
$395,000
*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
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
6,782 Sq. Ft.
Year renovated
—
Sq. Ft.
4,226
Year built
1983
Style
Multi-Family (5+ Unit)
County
San Luis Obispo County
APN
008-247-019
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RSC
SALINAS RIVER SUB AREA
INLAND AREA
NORTH COUNTY PLANNING AREA
Uptown/Town Centre Specific Plan-Riverside Corridor Zone
The RSC zone is applied to areas currently occupied by a variety of building types and uses, including large-footprint industrial buildings, smaller scale commercial, industrial, and hospitality buildings, and single family dwellings. Most of the buildings are unremarkable in historic value. The intent of the RSC zone is to create a vibrant, flexible, multi-use environment that better definesthe street edge.
Zone overlays
Permitted uses
Include but are not limited to:
Gas station
Bank
General retail
Restaurant
Commercial laundry
Manufacturing
Processing
Warehouse
Hotel / motel
Office
Property details
Parking
Parking / Garage Information
Covered Parking, Private
Has Parking
Interior
Laundry Information
Has Laundry
Community
Cooling Information
Central
Has Cooling
Heating Information
Forced Air
Interior Features
Vacuum Central
Levels: Two
Multi-Unit Information
Total Building Area: 4,228
Laundry Equipment Own or Lease: Lease
Vacancy Allowance: 0
Exterior
Exterior Information
Roof: Shingle
Foundation Information
Foundation Details: Concrete Slab
Lot Information
Lot Size Source: See Remarks
Lot Features: Level with Street, Paved, Sprinkler System
Property Information
Total # of Units: 9
Parcel Number: 008247020
Financial
Lease / Rental Details
Tenant Pays: Electricity, Gas
Utilities
Utilities Information
Cable Available, Telephone - On Property
Location
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 35.63586400
Longitude: -120.68795000
Other Subdivision Name: PR City Limits West(120)
Directions: Paso Robles US 101 & CA 46/41 Exit, Head West onto 24th Street-Left onto Riverside Avenue, Apartments on the right hand side past 21st Street.
Road Frontage Type: Alley Access
Subdivision Name: PR City Limits West(120)
Zoning: APT,R2
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,226
Stories: 2.0
Lot Size: 6,782 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1983
Year Renovated: —
County: San Luis Obispo County
APN: 008-247-019
Home facts updated by county records on Sep 16, 2026
Other
Listing Information
Days Active in MLS: 187
Continuous Days Active in MLS: 187
Listing Agent Information
List Agent First Name: David
List Agent Last Name: Crabtree
Listing Office Information
List Office Name: Home & Ranch Sotheby's Intl
Selling Agent Information
Buyer Agent First Name: David
Buyer Agent Last Name: Crabtree
Selling Office Information
Buyer Office Name: Home & Ranch Sotheby's Intl
Around this home
Schools
Bauer/Speck Elementary School
Public K-6 • Assigned • 0.5mi
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
5/10 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
91
56
94
56
85
58
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.