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Off Market Jan 2020 for $1.6M

—

•

12 ba

•

4,950

sq ft

3440 Spring St, Paso Robles, CA 93446

About this home

Fantastic Investment Opportunity in Paso Robles! This 12 Unit Complex was once used as a local Motel, but is currently functioning as fully occupied apartments! Great 7+ CAP Rate! Included on the property is a 2bd/1ba home plus Office, 5- 1 "Bedroom" Units, 6- Studio Units, large workroom/storage above unit 12, and on site coin-op laundry! Unit #'s 6-9 have fenced backyards and all 12 Units have assigned parking. All units have separate sub-meters, allowing the property owner to charge tenants for their own electricity use. There is a large marquee sign for "Spanish Oaks Apartments" displayed at the entry. Newer roofs, have been installed on all multi-unit buildings and newer paint. This property has a long term history of no-vacancy and is a turnkey investment opportunity.

Multi-familyProperty Type

1950Year Built

0.52 acresLot Size

$342Price/Sq.Ft.

Listed by Maci Umbertis •DRE #01784326 • RE/MAX Parkside Real Estate

Bought with Aaron Graves •DRE #01787901 • EverlyGrove

Redfin checked: 2 minutes ago

•Source:CRMLS #NS19145903

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 93446, CA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$808K

$2K MoM

Avg. days on market

48d

6 days MoM

Recently sold homes

142

9 MoM

New listings for sale

$950,000
4 beds2.5 baths2,750 sq ft
9947 Flyrod, Heritage Ranch, CA 93446
Platinum Properties
NEW 16 HRS AGO
$899,000
4 beds3 baths2,197 sq ft
441 Kenton Ct, Paso Robles, CA 93446
Merrill & Associates Real Estate
NEW 19 HRS AGO
$550,000
3 beds2 baths1,666 sq ft
4145 Welsh, Heritage Ranch, CA 93446
OPEN TODAY, 11AM TO 2PM
$499,000
2 beds1 bath729 sq ft
125 Capitol Hl, Paso Robles, CA 93446
BHGRE Haven Properties
COMING SOON
$549,000
2 beds2 baths1,333 sq ft
1321 Mallard, Paso Robles, CA 93446
OPEN SUN, 12PM TO 2PM
$325,000
3 beds2 baths1,440 sq ft
114 Via San Miguel, Paso Robles, CA 93446
$325,000
3 beds2 baths1,215 sq ft
22 Arroyo #22, Paso Robles, CA 93446
$9,000,000
6 beds4.5 baths5,738 sq ft
3130 Oakdale Rd, Adelaide, CA 93446
Navigators Real Estate
$1,250,000
3 beds3 baths1,942 sq ft
503 Oak, Paso Robles, CA 93446
OPEN SUN, 12PM TO 2PM
$995,000
4 beds2.5 baths2,599 sq ft
8495 Plane Vw, Paso Robles, CA 93446
See all

Provided by Redfin

Sale history for 3440 Spring St

Tax history for 3440 Spring St

*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

Lot width

—

Lot depth

—

Lot size

0.52 Acres

Year renovated

—

Sq. Ft.

4,722

Year built

1950

Style

Multi-Family (5+ Unit)

County

San Luis Obispo County

APN

008-041-041

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

T-4NC

NORTH COUNTY PLANNING AREA

SENIOR HOUSING

SALINAS RIVER SUB AREA

INLAND 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
Community

Cooling Information
Wall Window
Has Cooling

Heating Information
Wall Heater
Has Heating

Interior Features
Levels: One

Unit Type 1 Information
Unit Key Numeric: 10528282
Listing Key Numeric: 362876836
Actual Rent: $1,700
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,850
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 10528283
Listing Key Numeric: 362876836
Actual Rent: $5,090
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $5,715
Total # of Units: 5

Unit Type 3 Information
Listing Key Numeric: 362876836
Unit Key Numeric: 10528284
Actual Rent: $5,680
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $6,430
Total # of Units: 6

Expenses
Fuel Expense: $3,795
Trash: $2,738
Total: $42,717
Maintenance: $1,560
Licenses: $126
Insurance: $2,292
Water Sewer: $5,208
Electric: $6,390
New Taxes: $20,339

Multi-Unit Information
# of Units With Refrigerator: 12
# of Units With Range: 5
Net Operating Income: $130,023
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: 4,950
Gross Scheduled Income: $172,740
Gross Income: $14,395
# Of Leased Units: 12
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 5
# of Wall AC: 11

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Level with Street

Property Information
Total # of Units: 12
Common Walls: 2+ common walls
Parcel Number: 008041041
Attached Property
Year Built Source: Estimated

Financial

Lease / Rental Details
Operating Expense: $42,717
Tenant Pays: Electricity
Total Actual Rent: $13,700

Utilities

Utilities Information
Sewer: Public Sewer
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: District/Public

Location

Neighborhood Information
Community Features: Sidewalks

Location Information
Latitude: 35.65048800
Longitude: -120.69288700
Other Subdivision Name: PR City Limits West(120)
Directions: Spring St North to 34th
Road Frontage Type: Access via City Streets
Road Surface Type: Paved
Subdivision Name: PR City Limits West(120)
Zoning: C2

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,722
Stories: 1.0
Lot Size: 0.52 acres
Style: Multi-Family (5+ Unit)
Year Built: 1950
Year Renovated: —
County: San Luis Obispo County
APN: 008-041-041

Home facts updated by county records on Sep 16, 2026

Other

Listing Information
Days Active in MLS: 166
Continuous Days Active in MLS: 166

Listing Agent Information
List Agent First Name: Maci
List Agent Last Name: Umbertis

Listing Office Information
List Office Name: RE/MAX Parkside Real Estate

Selling Agent Information
Buyer Agent First Name: Aaron
Buyer Agent Last Name: Graves

Selling Office Information
Buyer Office Name: California Hotel Brokers

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)

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.

10.9 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

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Home values near 3440 Spring St

Data from public records.

Address	Redfin Estimate
3411 Spring Street, Paso Robles, CA - Beds \| - Baths \| 10000 Sq. Ft.	—
3510 Spring Street, Paso Robles, CA - Beds \| - Baths \| 3520 Sq. Ft.	$1,032,933

Address	Redfin Estimate
3505 Spring Street, Paso Robles, CA 5 Beds \| 12 Baths \| 5000 Sq. Ft.	—
3445 Spring Street, Paso Robles, CA - Beds \| - Baths \| 2972 Sq. Ft.	$994,240

Address	Redfin Estimate
3520 Spring Street, Paso Robles, CA 8 Beds \| 4 Baths \| 3644 Sq. Ft.	$890,732
3425 Spring Street, Paso Robles, CA 20 Beds \| 20 Baths \| 9006 Sq. Ft.	—

Property information provided by CRMLS when last listed in 2019. This data may not match . Learn more.

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