3505 Spring St
Paso Robles, CA 93446

$2,359,000

Price

Beds

—

Baths

5,000 Sq. Ft.

$472 / Sq. Ft.

5,000

Sq. Ft.

$472

per Sq. Ft.

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3505 Spring Street Paso Robles, CA 93446 - Photo 1 of 22

Description

Located within an Opportunity Zone in the desirable Paso Robles market, this recently remodeled 10-unit apartment building presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property offers a well-diversified unit mix designed to appeal to a broad tenant base. The upper-level features 6 studio units and 1 one-bedroom unit, each equipped with a full bathroom, while the lower level includes a larger two-bedroom/two-bath residence along with 3 additional...Located within an Opportunity Zone in the desirable Paso Robles market, this recently remodeled 10-unit apartment building presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property offers a well-diversified unit mix designed to appeal to a broad tenant base. The upper-level features 6 studio units and 1 one-bedroom unit, each equipped with a full bathroom, while the lower level includes a larger two-bedroom/two-bath residence along with 3 additional one-bedroom units, providing flexibility in rental options and income potential. Residents enjoy convenient on-site amenities including a paved parking lot offering 20+ parking spaces, a fenced patio area for the first level units that enhance outdoor usability and overall livability. The functional layout and practical features support strong tenant retention, making this a solid income-producing asset. Positioned in a growing Central Coast community with consistent rental demand, this Paso Robles property offers a rare combination of diversified unit configuration, everyday conveniences, and Opportunity Zone benefits—an attractive addition to any investment portfolio.

Listed by Justin Tye • DRE #01728694 • Brokerage DRE #02022092 • Real Broker • JT@ActiveRealty.com
Listed by Ileana Campos • DRE #02251240 • Brokerage DRE #02022092 • Real Brokerage Technologies, Inc.

Property Details for 3505 Spring Street

Parking Spaces Total

Private Pool

Cooling Type

Wall/Window Unit(s)

Total Units

10.0

Building Type

Attached

Lot Size Source

Assessor

Living Area

5000

Assessor Parcel Number

008031028

LISTING UPDATED: 03/24/2026 07:07 AM

Property Details for 3505 Spring Street

Status	Active
MLS #	OC26063534
Days on Market	1
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income / Res Income 2-4 Units
Year Built	1968
County	San Luis Obispo County

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Location

Listing Courtesy of Real Broker, Justin Tye, DRE #01728694; Real Brokerage Technologies, Inc., Ileana Campos, DRE #02251240

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Building Information for 3505 Spring Street

Building/Complex3505 Spring StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1968Building Size-

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$12,870 per month

30 year fixed, 6.11% Interest

Principal and Interest

$11,449

Property Taxes

$1,421

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 3505 Spring Street

Income / Expense / Tax Details

Income Details

Gross Income: $142,350
Gross Scheduled Income: $187,538

Net Operating Income: $142,351
Cap Rate: 5.0

Expense Details

Operating Expense: $45,187
Fuel Expense: $0

Electric Expense: $0
Insurance Expense: $0
Professional Management Expense: $6,000
Trash Expense: $5,758
Water Sewer Expense: $2,400
Total Expenses: $45,180

Tax / Assessment Info

CFD/Mello-Roos Fee: $0

Community / Development

Community Features: Curbs, Street Lights, Sidewalks

Property / Structure Info

Interior Features

Laundry: No
Laundry Features: None

Fireplace Features: None
Fireplace Rooms: None
Cooling: Wall/Window Unit(s)
Heating Type: Central
Heating: Central

Exterior Features

Roof: Shingle
Entry Location: 1

Fence: Yes
Fence: Partial
Fencing: Partial
Pool Features: None
Pool Description: None
Pool: N/K
Pool Heat: N/K

Land/Lot Info

Lot Features: 0-1 Unit/Acre
Number Of Units: 10

Land Lease: No
Land Lease Type: Fee
Levels: Two
Water: Public
Sewer: Public Sewer
Utilities: Water Available, Natural Gas Connected, Sewer Available, Phone Available, Natural Gas Available, Sewer Connected, Cable Available, Electricity Available, Electricity Connected, Water Connected
Electric: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Water Source: Public

Parking Info

Garage Spaces: 0
Parking Garage Spaces: 0

Carport Spaces: 0

Property / Structure Info

Builders Tract Name: Other
Builders Tract Code: Other (OTHR)

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: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,350
Unit Type Total Rent: $1,350
Unit Type Pro Forma: 1350
Unit Type Area: 581
Unit Type Area Units: Square Feet
Unit Type Type: 1

Unit 2

Unit Type Units Total: 5
Unit Type Beds Total: 0

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,200
Unit Type Total Rent: $1,200
Unit Type Pro Forma: 1200
Unit Type Area: 365
Unit Type Area Units: Square Feet
Unit Type Type: 2

Unit 3

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,825
Unit Type Total Rent: $1,825
Unit Type Pro Forma: 1825
Unit Type Area: 1161
Unit Type Area Units: Square Feet
Unit Type Type: 3

Unit 4

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,500
Unit Type Total Rent: $1,500
Unit Type Pro Forma: 1500
Unit Type Area: 878
Unit Type Area Units: Square Feet
Unit Type Type: 4

Unit 5

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,500
Unit Type Total Rent: $1,500
Unit Type Pro Forma: 1500
Unit Type Area: 567
Unit Type Area Units: Square Feet
Unit Type Type: 5

Unit 6

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,200
Unit Type Total Rent: $1,200
Unit Type Pro Forma: 1200
Unit Type Area: 567
Unit Type Area Units: Square Feet
Unit Type Type: 6

Unit Information

Rent Controlled: Yes
Number Of Buildings: 1

Number Of Separate Electric Meters: 0
Number Of Separate Gas Meters: 0
Number Of Separate Water Meters: 0

Property History for 3505 Spring Street

Date	Event & Source	Price	Appreciation
Mar 24, 2026	Price Change CLAW #OC26063534MR	$2,359,000	—
Mar 24, 2026	Price Change CRMLS #OC26063534	$2,359,000	—
Mar 24, 2026	Listed (Active) CRMLS #OC26063534	$2,399,000	—
Mar 23, 2026	Price Change SDMLS #OC26063534	$2,359,000	—
Mar 23, 2026	Listed (Active) SDMLS #OC26063534	$2,399,000	—
Mar 23, 2026	Listed (Active) CLAW #OC26063534MR	$2,399,000	—
Jan 29, 2026	Listed (Active) CRMLS #OC26020584	$2,399,000	—
Mar 1, 2025	Expired CRMLS #OC24147835		—
Feb 28, 2025	Expired CLAW #OC24147835MR	$2,000,000	—
Nov 25, 2024	Temporarily Off Market CRMLS #OC24147835		—
Nov 25, 2024	Expired SDMLS #OC24147835	$2,000,000	—
Nov 8, 2024	Price Change CRMLS #OC24147835	$2,000,000	—
Oct 30, 2024	Price Change CLAW #OC24147835MR	$2,050,000	—
Oct 30, 2024	Price Change CRMLS #OC24147835	$2,050,000	—
Oct 2, 2024	Price Change CLAW #OC24147835MR	$2,100,000	—
Oct 2, 2024	Price Change CRMLS #OC24147835	$2,100,000	—
Sep 5, 2024	Price Change CLAW #OC24147835MR	$2,250,000	—
Sep 5, 2024	Price Change CRMLS #OC24147835	$2,250,000	—
Aug 15, 2024	Listed (Active) CRMLS #OC24147835	$2,300,000	—
Aug 15, 2024	Temporarily Off Market CLAW #OC24147835MR		—
Aug 15, 2024	Listed (Active) SDMLS #OC24147835	$2,300,000	—
Aug 15, 2024	Listed (Active) CLAW #OC24147835MR	$2,300,000	—
Jul 23, 2024	Permanently Off Market CLAW #OC24114363MR		—
Jul 23, 2024	Permanently Off Market SDMLS #OC24114363		—
Jul 23, 2024	Permanently Off Market CRMLS #OC24114363	$2,200,000	—
Jun 5, 2024	Listed (Active) SDMLS #OC24114363	$2,200,000	—
Jun 5, 2024	Listed (Active) CRMLS #OC24114363	$2,200,000	—
Jun 5, 2024	Listed (Active) CLAW #OC24114363MR	$2,200,000	—
Aug 14, 2023	Sold SDMLS #PI23118595	$1,510,000	—
Aug 14, 2023	Sold CRMLS #PI23118595	$1,510,000	—
Aug 14, 2023	Sold CLAW #PI23118595MR	$1,510,000	—
Jul 18, 2023	Pending CRMLS #PI23118595		—
Jul 18, 2023	Pending CLAW #PI23118595MR		—
Jul 18, 2023	Pending SDMLS #PI23118595		—
Jul 10, 2023	Sold (Public Record) Public Record #1516500042	$1,510,000	+8.3% / yr
Jul 3, 2023	Listed (Active) SDMLS #PI23118595	$1,499,000	—
Jul 3, 2023	Listed (Active) CRMLS #PI23118595	$1,499,000	—
Jul 3, 2023	Listed (Active) CLAW #PI23118595MR	$1,499,000	—
Jan 3, 2014	Sold CRMLS #PR195790	$707,000	—
Jan 3, 2014	Sold CLAW #PR195790MR	$707,000	—
Jan 3, 2014	Sold NSBCMLS #195790	$707,000	—
Dec 16, 2013	Sold (Public Record) Public Record #391848758	$707,000	—
Sep 13, 2013	Pending NSBCMLS #195790		—
Sep 12, 2013	Pending CLAW #PR195790MR		—
Sep 12, 2013	Pending CRMLS #PR195790		—
Apr 19, 2013	Listed (Active) CLAW #PR195790MR	$745,000	—
Apr 19, 2013	Listed (Active) CRMLS #PR195790	$745,000	—
Apr 19, 2013	Listed (Active) NSBCMLS #195790	$745,000	—
Nov 6, 2012	Expired CRMLS #PI132995	$2,350,000	—
Nov 6, 2012	Expired CRMLS #PI135159	$949,999	—
Feb 1, 2012	Expired CRMLS #PR146408	$995,000	—
Feb 9, 2011	Expired NSBCMLS #146408	$995,000	—
Feb 9, 2011	Expired CLAW #PR146408MR		—
Aug 11, 2008	Listed (Active) NSBCMLS #146408	$1,195,000	—
Aug 9, 2008	Listed (Active) CRMLS #PR146408	$995,000	—
Aug 9, 2008	Listed (Active) CLAW #PR146408MR	$995,000	—
Jul 15, 2008	Expired CLAW #PI132995MR		—
Jul 15, 2008	Permanently Off Market NSBCMLS #132995	$2,350,000	—
Jun 19, 2008	Expired CLAW #PI135159MR		—
Jun 19, 2008	Permanently Off Market NSBCMLS #135159	$949,999	—
Sep 13, 2007	Listed (Active) CLAW #PI135159MR	$949,999	—
Sep 13, 2007	Listed (Active) NSBCMLS #135159	$949,999	—
Sep 13, 2007	Listed (Active) CRMLS #PI135159	$949,999	—
Jul 15, 2007	Listed (Active) CRMLS #PI132995	$2,350,000	—
Jul 15, 2007	Listed (Active) NSBCMLS #132995	$2,350,000	—
Jul 15, 2007	Listed (Active) CLAW #PI132995MR	$2,350,000	—

Date	Event & Source	Price
03/24/2026	Price Change CLAW #OC26063534MR	$2,359,000
03/24/2026	Price Change CRMLS #OC26063534	$2,359,000
03/24/2026	Listed (Active) CRMLS #OC26063534	$2,399,000
03/23/2026	Price Change SDMLS #OC26063534	$2,359,000
03/23/2026	Listed (Active) SDMLS #OC26063534	$2,399,000
03/23/2026	Listed (Active) CLAW #OC26063534MR	$2,399,000
01/29/2026	Listed (Active) CRMLS #OC26020584	$2,399,000
03/01/2025	Expired CRMLS #OC24147835	—
02/28/2025	Expired CLAW #OC24147835MR	$2,000,000
11/25/2024	Temporarily Off Market CRMLS #OC24147835	—
11/25/2024	Expired SDMLS #OC24147835	$2,000,000
11/08/2024	Price Change CRMLS #OC24147835	$2,000,000
10/30/2024	Price Change CLAW #OC24147835MR	$2,050,000
10/30/2024	Price Change CRMLS #OC24147835	$2,050,000
10/02/2024	Price Change CLAW #OC24147835MR	$2,100,000
10/02/2024	Price Change CRMLS #OC24147835	$2,100,000
09/05/2024	Price Change CLAW #OC24147835MR	$2,250,000
09/05/2024	Price Change CRMLS #OC24147835	$2,250,000
08/15/2024	Listed (Active) CRMLS #OC24147835	$2,300,000
08/15/2024	Temporarily Off Market CLAW #OC24147835MR	—
08/15/2024	Listed (Active) SDMLS #OC24147835	$2,300,000
08/15/2024	Listed (Active) CLAW #OC24147835MR	$2,300,000
07/23/2024	Permanently Off Market CLAW #OC24114363MR	—
07/23/2024	Permanently Off Market SDMLS #OC24114363	—
07/23/2024	Permanently Off Market CRMLS #OC24114363	$2,200,000
06/05/2024	Listed (Active) SDMLS #OC24114363	$2,200,000
06/05/2024	Listed (Active) CRMLS #OC24114363	$2,200,000
06/05/2024	Listed (Active) CLAW #OC24114363MR	$2,200,000
08/14/2023	Sold SDMLS #PI23118595	$1,510,000
08/14/2023	Sold CRMLS #PI23118595	$1,510,000
08/14/2023	Sold CLAW #PI23118595MR	$1,510,000
07/18/2023	Pending CRMLS #PI23118595	—
07/18/2023	Pending CLAW #PI23118595MR	—
07/18/2023	Pending SDMLS #PI23118595	—
07/10/2023	Sold (Public Record) Public Record #1516500042	$1,510,000 +8.3% / yr
07/03/2023	Listed (Active) SDMLS #PI23118595	$1,499,000
07/03/2023	Listed (Active) CRMLS #PI23118595	$1,499,000
07/03/2023	Listed (Active) CLAW #PI23118595MR	$1,499,000
01/03/2014	Sold CRMLS #PR195790	$707,000
01/03/2014	Sold CLAW #PR195790MR	$707,000
01/03/2014	Sold NSBCMLS #195790	$707,000
12/16/2013	Sold (Public Record) Public Record #391848758	$707,000
09/13/2013	Pending NSBCMLS #195790	—
09/12/2013	Pending CLAW #PR195790MR	—
09/12/2013	Pending CRMLS #PR195790	—
04/19/2013	Listed (Active) CLAW #PR195790MR	$745,000
04/19/2013	Listed (Active) CRMLS #PR195790	$745,000
04/19/2013	Listed (Active) NSBCMLS #195790	$745,000
11/06/2012	Expired CRMLS #PI132995	$2,350,000
11/06/2012	Expired CRMLS #PI135159	$949,999
02/01/2012	Expired CRMLS #PR146408	$995,000
02/09/2011	Expired NSBCMLS #146408	$995,000
02/09/2011	Expired CLAW #PR146408MR	—
08/11/2008	Listed (Active) NSBCMLS #146408	$1,195,000
08/09/2008	Listed (Active) CRMLS #PR146408	$995,000
08/09/2008	Listed (Active) CLAW #PR146408MR	$995,000
07/15/2008	Expired CLAW #PI132995MR	—
07/15/2008	Permanently Off Market NSBCMLS #132995	$2,350,000
06/19/2008	Expired CLAW #PI135159MR	—
06/19/2008	Permanently Off Market NSBCMLS #135159	$949,999
09/13/2007	Listed (Active) CLAW #PI135159MR	$949,999
09/13/2007	Listed (Active) NSBCMLS #135159	$949,999
09/13/2007	Listed (Active) CRMLS #PI135159	$949,999
07/15/2007	Listed (Active) CRMLS #PI132995	$2,350,000
07/15/2007	Listed (Active) NSBCMLS #132995	$2,350,000
07/15/2007	Listed (Active) CLAW #PI132995MR	$2,350,000

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

Public Records for 3505 Spring Street

Taxable ValueLand$255,000Additions$1,285,200Total$1,540,200

Tax Record2025$17,055 ($1,421 / month)

Home Facts

Lot Size16,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningCRCountySAN LUIS OBISPOAPN008-031-028

Schools near 3505 Spring Street

This home is within Paso Robles Joint Unified School District.


Rating	School	Type	Grades	Distance
7/10	Georgia Brown Elementary School	Public - Serves this home	K to 6	0.1 mi
3/10	George H. Flamson Middle School	Public - Serves this home	7 to 8	0.8 mi
7/10	Paso Robles High School	Public - Serves this home	9 to 12	2.7 mi
3/10	Paso Robles Independent Study Center	Public - Choice school	K to 8	0.7 mi
2/10	Independence High School	Public - Choice school	9 to 12	2.7 mi
2/10	Liberty High (Continuation) School	Public - Choice school	10 to 12	2.8 mi


Rating	School	Distance
7/10	Georgia Brown Elementary School PublicK to 6 Serves this home	0.1 mi
3/10	George H. Flamson Middle School Public7 to 8 Serves this home	0.8 mi
7/10	Paso Robles High School Public9 to 12 Serves this home	2.7 mi
3/10	Paso Robles Independent Study Center PublicK to 8 Choice school	0.7 mi
2/10	Independence High School Public9 to 12 Choice school	2.7 mi
2/10	Liberty High (Continuation) School Public10 to 12 Choice school	2.8 mi

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.

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More information about 3505 Spring Street, Paso Robles, CA 93446

3505 Spring Street is a multi-family home for sale in Paso Robles, CA 93446. This property was listed for sale on March 23, 2026 by Real Broker, it's currently listed at $2,359,000. It has been on the market for a total of 0 days and was last sold on August 14, 2023. 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. 3505 Spring Street is a 6-bed, 0-bath, 5,000 sqft multi-family home built in 1968.

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 Real Broker, Justin Tye, DRE #01728694; Real Brokerage Technologies, Inc., Ileana Campos, DRE #02251240

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.

3505 Spring StPaso Robles, CA 93446

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More information about 3505 Spring Street, Paso Robles, CA 93446

3505 Spring St
Paso Robles, CA 93446