3411 Spring St

Paso Robles, CA 93446

$3,100,000
Price
17
Beds
14
Baths
11,808 Sq. Ft.
$263 / Sq. Ft.
11,808
Sq. Ft.
$263
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Lot Lines
Front
Exterior
Exterior
Courtyard
Courtyard
Exterior
Parking
Parking Space
Aerial
Aerial
Aerial
Aerial
Aerial
Aerial
Aerial

Description

(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3411 Spring Street is a 14-unit multifamily property situated in a well-established Paso Robles neighborhood, offered at approximately $263/SF with a stabilized cap rate of 6.76% and annual rent upside of approximately $102,060. Built in 1970 and spanning approximately 11,748 rentable square feet across two stories, the property consists of ten (10) one-bedroom/one-bathroom apartments and four (4)...(PORTFOLIO SALE) Combined portfolio 3411 Spring Street and 3505 Spring Street offered at $5,000,000. 3411 Spring Street is a 14-unit multifamily property situated in a well-established Paso Robles neighborhood, offered at approximately $263/SF with a stabilized cap rate of 6.76% and annual rent upside of approximately $102,060. Built in 1970 and spanning approximately 11,748 rentable square feet across two stories, the property consists of ten (10) one-bedroom/one-bathroom apartments and four (4) two-bedroom/one-bathroom apartments — all currently occupied. Units feature functional floor plans with ample natural light, and residents enjoy 14 covered carport spaces and on-site parking. The property is zoned PR/R4, supporting its established multifamily use, and sits on a generous ±0.39-acre lot. Located minutes from downtown Paso Robles, residents have convenient access to the city's acclaimed dining, wine country, shopping, and employment corridors. With current rents averaging well below market rate — several tenants having been in place since as early as 2008 — a new owner has a clear path to substantially increase income through organic lease-up as units turn over. The appraised value of $3,550,000 (January 2026) further underscores the asset's underlying strength. Investment Highlights: Unit Mix: (10) 1 Bed/1 Bath; (4) 2 Bed/1 Bath

14 Covered Carport Spaces

100% Occupied — 14/14 Units Attractive Entry Basis at ~$263/SF
  1. Listed by Abel Contreras • DRE #02062620 • Invest SLO • 805-709-7143
  2. Listed by Chelsea King • DRE #02152275 • Invest SLO

Property Details for 3411 Spring Street

Architectural Style
Traditional
Parking Spaces Total
14
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11808
LISTING UPDATED: 05/29/2026 04:42 AM

Property Details for 3411 Spring Street

StatusActive
MLS #PI26094992
Days on Market5
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1978
CountySan Luis Obispo County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Invest SLO, Abel Contreras, DRE #02062620; Invest SLO, Chelsea King, DRE #02152275
Add your commute

Building Information for 3411 Spring Street

Building/Complex3411 Spring StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1978Building Size-

Payment Calculator

Get preapproved with Rocket Mortgage1

$17,290 per month

30 year fixed, 6.36% Interest

Principal and Interest

$15,448

Property Taxes

$1,842

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3411 Spring Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $221,651
  • Gross Scheduled Income: $219,540
  • Vacancy Allowance: 6586
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $120,181
  • Laundry Income: $2,111
Expense Details
  • Operating Expense: $92,778
  • New Taxes Expense: $34,875
  • Gardener Expense: $2,400
  • Fuel Expense: $7,645
  • Pest Control Expense: $1,470
  • Electric Expense: $1,344
  • Insurance Expense: $12,500
  • Maintenance Expense: $10,977
  • Professional Management Expense: $9,879
  • Trash Expense: $6,084
  • Water Sewer Expense: $5,604
  • Total Expenses: $92,778
Tax / Assessment Info
  • Tax Block: 210
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Gutters, Curbs, Street Lights, Storm Drains, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front Door
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre, Paved, Rectangular Lot, Lot 10000-19999 Sqft
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking: Yes
  • Parking Garage: Assigned, Parking Space
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
  • Parking Features: Assigned, Covered, Paved, Parking Space
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,410
  • Unit Type Total Rent: $16,920
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 9
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $17,400
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 8
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $18,000
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,535
  • Unit Type Total Rent: $18,420
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $15,000
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 12
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,305
  • Unit Type Total Rent: $15,660
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,305
  • Unit Type Total Rent: $31,320
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 10
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,330
  • Unit Type Total Rent: $15,960
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,370
  • Unit Type Total Rent: $16,440
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,195
  • Unit Type Total Rent: $14,340
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $910
  • Unit Type Total Rent: $10,920
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 11
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,030
  • Unit Type Total Rent: $12,360
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 13
Unit Information
  • Number Of Units Leased: 14
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1

Property History for 3411 Spring Street

DateEvent & SourcePriceAppreciation
May 29, 2026

Listed (Active)

CRMLS #PI26094992

$3,100,000—
Apr 30, 2026

Listed (Active)

SDMLS #PI26094992

$3,100,000—
Apr 30, 2026

Listed (Active)

CLAW #PI26094992MR

$3,100,000—
DateEvent & SourcePrice
05/29/2026

Listed (Active)

CRMLS #PI26094992

$3,100,000
04/30/2026

Listed (Active)

SDMLS #PI26094992

$3,100,000
04/30/2026

Listed (Active)

CLAW #PI26094992MR

$3,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3411 Spring Street

Taxable ValueLand$579,629Additions$1,416,270Total$1,995,899
Tax Record2025$22,101 ($1,842 / month)
Home Facts
Total Finished SqFt10,705 SqFtAbove Grade Finished SqFt10,705 SqFtLot Size16,426 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningR4CountySAN LUIS OBISPOAPN008-031-009

Schools near 3411 Spring Street

This home is within Paso Robles Joint Unified School District.
Rating
School
Type
Grades
Distance
Georgia Brown Elementary School
Public - K to 6
George H. Flamson Middle School
Public - 7 to 8
Paso Robles High School
Public - 9 to 12
Paso Robles Independent Study Center
Public - K to 8
Rating
School
Distance
Georgia Brown Elementary School
PublicK to 6

George H. Flamson Middle School
Public7 to 8

Paso Robles High School
Public9 to 12

Paso Robles Independent Study Center
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 3411 Spring Street, Paso Robles, CA 93446

3411 Spring Street is a multi-family home for sale in Paso Robles, CA 93446. This property was listed for sale on April 30, 2026 by Invest SLO, it's currently listed at $3,100,000. It has been on the market for a total of 5 days and was last sold on August 5, 2005. This listing's school district is Paso Robles Joint Unified School District. Nearby schools include Georgia Brown Elementary School, George H. Flamson Middle School and Paso Robles High School. 3411 Spring Street is a 17-bed, 14-bath, 11,808 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Invest SLO, Abel Contreras, DRE #02062620; Invest SLO, Chelsea King, DRE #02152275

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.