Price Reduction
Address
120 Spring Paso Robles, CA
Price
$ 10,950,000
Property Attributes
  • MLS#1071576
  • TypeMulti-Family
  • CountySAN LUIS OBISPO
  • CityPaso Robles
  • AreaPR Inside City Limit
  • NeighborhoodPR City Limits West
  • Zip93446
  • Style
  • Price$ 10,950,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage44636
  • Lot Size3.33 Acres
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServ
Property Description

The Grandview Apartments in Paso Robles offer an investor the rare opportunity to add value to a sizable asset in a premiere California inland coastal location. The 54-unit property in 6 garden-style buildings, is prominently situated on a 2.8-acre parcel at Paso Robles ''gateway'' entry corner. Unit mix 42 x 2/1, 8 x 1/1, 4 x 3/1. Flexible TC-2 zoning allows for creative value-add possibilities. The complex is surrounded by new commercial development and is a few blocks to charming downtown Paso Robles. Take advantage of this top location within one of California's most desirable tourist destinations to profitably re-position for a higher cap rate for the long term, or consider the favorable zoning as an avenue for a major transformation.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
9/26/2016 Listed $11,300,000
2/21/2017 4% - $10,950,000

General Features

Property SubType Multi-family
Property Type Multi-family
Year Built 1953

Interior Features

# Of 1 Bedroom Units 8
# Of 2 Bedroom Units 42
# Of 3 Bedroom Units 4
Heating Wall Furnace
Living Area 44636.00
Story/type/level 2 Story

Exterior Features

Sewer/Water Water-Cty/Util

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93446

Price
AVG $10.95M
$10.95M
Visits
AVG 52
51
Year Built
AVG 1953
1953
Walkscore
AVG 57
57

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.