10-unit apartment building in beautiful Paso Robles. Located north of the downtown area, this apartment building is comprised of all two-bedroom one and a half bath spacious townhome style units, each with its own private patio area. The complex offers on-site laundry and all units are separately metered for gas & electricity. Recent capital improvements include a new roof, exterior paint and more. Enjoy the cash-flow and attractive financing due to the strong current income, plus the upside in rents in this strong market. 100% rent collection during COVID! HIGHLIGHTS • Stable and predictable income and cash flow • 12-15% potential upside in rents • Well maintained with many recent upgrades • Townhome style units with private patios • Very low maintenance • Located in Opportunity Zone
Multi-familyProperty Type
1978Year Built
0.3 acresLot Size
$242Price/Sq.Ft.
Listed by Jason Hart•DRE #01334694• Hart Commercial Real Estate
Bought with Aaron Peck•DRE #01387499• Invision Real Estate
Marketing Remarks: 10 unit apartment - 2 bedroom - 1 1/2 bath per unit. Each unit is metered separately for gas & electric. Conveniently located, just a few blocks from churches, schools, food mart and public transportation.
Public Records
Aug 21, 2002
Sold
$1,095,000
$122/sq ft
CRMLS #AT1011637
Aug 21, 2002
Sold
$1,092,500
$121/sq ft
Jun 25, 2002
Listed
$1,100,000
$122/sq ft
CRMLS #PR4406
Nov 9, 2000
Sold
$525,000
$58/sq ft
Jul 15, 2000
Listed
$575,000
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$26,069 (+1.6%)
$425,070 + $1,976,304
$2,401,374
2024
$25,661 (+1.7%)
$416,736 + $1,937,553
$2,354,289
2023
$25,242 (+1.5%)
$408,565 + $1,899,562
$2,308,127
2022
$24,867 (+139.0%)
$400,554 + $1,862,316
$2,262,870
2021
$10,403 (+6.4%)
$392,700 + $1,825,800
$2,218,500
2020
$9,773 (+1.4%)
$170,643 + $711,026
$881,669
2019
$9,635 (+1.4%)
$168,894 + $703,736
$872,630
2018
$9,504 (+6.3%)
$165,583 + $689,938
$855,521
2017
$8,936 (+2.0%)
$159,154 + $663,148
$822,302
2016
$8,761 (+0.4%)
$159,154 + $663,148
$822,302
2015
$8,728 (+3.6%)
$156,034 + $650,146
$806,180
2014
$8,425 (−21.6%)
$150,681 + $627,837
$778,518
2013
$10,746
$180,000 + $810,000
$990,000
2012
$10,746
$180,000 + $810,000
$990,000
Tax history for 3425 Spring St
Year
Property tax
Land + Additions
Assessment*
2025
$26,069 (+1.6%)
$425,070 + $1,976,304
$2,401,374
2024
$25,661 (+1.7%)
$416,736 + $1,937,553
$2,354,289
2023
$25,242 (+1.5%)
$408,565 + $1,899,562
$2,308,127
2022
$24,867 (+139.0%)
$400,554 + $1,862,316
$2,262,870
2021
$10,403 (+6.4%)
$392,700 + $1,825,800
$2,218,500
2020
$9,773 (+1.4%)
$170,643 + $711,026
$881,669
2019
$9,635 (+1.4%)
$168,894 + $703,736
$872,630
2018
$9,504 (+6.3%)
$165,583 + $689,938
$855,521
2017
$8,936 (+2.0%)
$159,154 + $663,148
$822,302
2016
$8,761 (+0.4%)
$159,154 + $663,148
$822,302
2015
$8,728 (+3.6%)
$156,034 + $650,146
$806,180
2014
$8,425 (−21.6%)
$150,681 + $627,837
$778,518
2013
$10,746
$180,000 + $810,000
$990,000
2012
$10,746
$180,000 + $810,000
$990,000
*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
0.3 Acres
Year renovated
—
Sq. Ft.
9,006
Year built
1978
Style
Multi-Family (5+ Unit)
County
San Luis Obispo County
APN
008-031-015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
T-4NC
INLAND AREA
SENIOR HOUSING
SALINAS RIVER SUB AREA
NORTH COUNTY PLANNING AREA
Uptown/Town Centre Specific Plan-Neighborhood Center Zone
The T-4NC zone is applied to the area along Spring Street between 34th and 36th Streets. The zone is currently occupied by 1- and 2-story commercial and multi-family residential buildings adjacent to parking lots. Few of the buildings within the T-4NC zone are historically significant. The intent of the T-4NC zone is to create a vibrant neighborhood and civic center.
Zone overlays
Permitted uses
Include but are not limited to:
Bank
Day care facility
Laundromat
General retail
Restaurant
Housing-Group
Housing-Senior
Office
Medical office
Educational/school
Property details
Interior
Laundry Information
Has Laundry
Area
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10673588
Listing Key Numeric: 364960025
Actual Rent: $159,600
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $159,600
Total # of Units: 10
Expenses
Fuel Expense: $536
Trash: $3,961
Total: $51,957
Maintenance: $5,793
Insurance: $2,634
Water Sewer: $11,093
Electric: $298
New Taxes: $25,850
Multi-Unit Information
Net Operating Income: $104,952
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 9,006
Gross Scheduled Income: $159,600
Gross Operating Income: $156,909
Gross Multiplier: 14.72
Gross Income: $159,600
Laundry Equipment Own or Lease: Lease
Laundry Income: $749
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 10
# Of Separate Electric Meters: 10
# Of Buildings: 2
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Lot Shape-Rectangular
Property Information
Total # of Units: 10
Common Walls: 2+ common walls
Parcel Number: 008031015
Attached Property
Year Built Source: Public Records
Financial
Lease / Rental Details
Operating Expense: $51,957
Other Expense: $1,792
Other Expense Description: Legal/Ac
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks
Location Information
Latitude: 35.65008900
Longitude: -120.69370600
Other Subdivision Name: PR City Limits West(120)
Directions: Hwy 101 to Spring St
Subdivision Name: PR City Limits West(120)
Zoning: R4
Public facts
Beds: —
Baths: —
Sq. Ft.: 9,006
Stories: 2.0
Lot Size: 0.3 acres
Style: Multi-Family (5+ Unit)
Year Built: 1978
Year Renovated: —
County: San Luis Obispo County
APN: 008-031-015
Home facts updated by county records on Aug 17, 2026
Other
Listing Information
Days Active in MLS: 155
Continuous Days Active in MLS: 155
Listing Agent Information
List Agent First Name: Jason
List Agent Last Name: Hart
Listing Office Information
List Office Name: Hart Commercial Real Estate
Selling Agent Information
Buyer Agent First Name: Aaron
Buyer Agent Last Name: Peck
Selling Office Information
Buyer Office Name: Invision Real Estate
Around this home
Schools
Georgia Brown Elementary School
Public K-6 • Assigned • 2.2mi
7/10
George H. Flamson Middle School
Public 7-8 • Assigned • 0.7mi
4/10
Paso Robles High School
Public 9-12 • Assigned • 2.6mi
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
10% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° 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
13 unhealthy days expected this year, 15 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.