Paso Robles, CA 93446,240 Spring ST
Paso Robles, CA 93446,240 Spring ST
Paso Robles, CA 93446,240 Spring ST
63
$7,725,000
$8,900,000
13.2%
Est.Price: ?

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2.81 Acres Lot

240 Spring ST Paso Robles, CA 93446

Est. payment /mo
SOLD DATE : 06/11/2020

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Key Details

Sold Price $7,725,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Pr City Limits West(120)

MLS Listing ID SP20039444

Sold Date 06/11/20

HOA Y/N No

Year Built 1953

Lot Size 2.810 Acres

Property Description

Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional income. A small office space for management. The complex sits on approximately 2.81 acres and graced by majestic Oak trees. Located in the "Opportunity Zone" and zoned as TC-2 "Town Center Commercial Zoning District". Check with the City of Paso Robles about the possibility to add additional units. The apartments are just a few short blocks away from the downtown core.
Paso Robles is known for its world class restaurants, wineries, local Mid State Fair, Vina Robles Amphitheater, and the Equestrian event venue "Paso Robles Horse Park". Paso Robles has made a big name for itself! It is a great place to work, live and vacation! This is a fabulous opportunity to invest in an amazing location and provide much needed homes in a tight and competitive housing market.
Information deemed reliable but not verified.

Location

State CA

County San Luis Obispo

Area Pric - Pr Inside City Limit

Zoning TC2

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Wood

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Detached Carport, On Site, One Space

Carport Spaces 32

Pool None

Community Features Curbs, Gutter(s)

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Total Parking Spaces 54

Private Pool No

Building

Lot Description Corner Lot, Lot Over 40000 Sqft, Street Level

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 009291005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

Energy Description 18000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kim Wurster • BHGRE Haven Properties
Bought with Anthony Aurignac • Aurignac & Associates

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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