1021 19th Street
1021 19th Street
1021 19th Street
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1021 19th Street
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Pending

1021 19th Street

1021 19th Street, Paso Robles, CA 93446

$999,000
BRAND NEW INFORMATION REGARDING LEASES! Incredible opportunity to own a well-maintained 4-unit apartment building in the Downtown Paso Robles Market on R3 Zoning & located in the Paso Robles OPPORTUNITY ZONE, 3 new/upcoming vacancies allow for a significant opportunity to IMMEDIATELY BRING RENTS TO MARKET, allowing a new buyer to gross $8,900/month upon acquisition. Coin-operated laundry produces over $200 monthly, new stucco, new roof, and new dual pane windows. A value-add business plan would bring current gross income to $9,800/month, stabilizing well ABOVE AN 8% CAP RATE. Current market rents in this part of DT Paso Robles are $2,400 for 2-bedroom (updated) units. Paired with the location, the property offers higher-end cabinets, appliances, and tile flooring, making these rental units highly desirable to any future tenants. *Opportunity Zones will be allowed to defer or eliminate federal taxes on capital gains earned from the sale of stock, business assets, or property. The Paso Robles Opportunity Zone includes all land within the City boundary that is west of the Salinas River and north of 1st Street. https://www.pasorobleschamber.com/economic-development/paso-robles-opportunity-zones/

3,360 Sq.Ft. LIVING AREA

0.161 Acres lot

Schedule a Showing

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
By providing Invest SLO your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
Thank you for your interest in 1021 19th Street, Paso Robles, CA 93446. We are reviewing your request and will be in touch shortly!
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Abel Contreras

Abel Contreras

Features & Amenities

Interior

  • Laundry room Common Area
  • Flooring Carpet, Laminate, See Remarks, Tile
  • Fireplace None

Area & Lot

  • Status Pending
  • Living Area3,360 Sq.Ft.
  • Lot Area0.161 Acres
  • MLS® IDPI22226738
  • TypeMulti-Family
  • YEAR BUILT1986
  • NeighborhoodPaso Robles
  • View DescriptionNone

Exterior

  • STORIES2
  • water SourcePublic
  • utilitiesCable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • PoolNone
  • roofComposition, Shingle
  • lot featuresLandscaped, Level, Rectangular Lot, Street Level, Value In Land
  • parkingAssigned, Asphalt, Driveway, On Site, Paved, Private, One Space, On Street, Uncovered
  • HEAT TYPEForced Air
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureStucco
  • HOA AmenitiesCurbs, Sidewalks
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)

Financial

  • Sales Price$999,000
  • Zoning R3

Paso Robles

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Contact Details

Invest SLO

Phone

(805) 295-2719

Email

[email protected]

Address

575 Price St. Suite 106 Pismo Beach, CA 93449 Abel Contreras | SIDE DRE# 02014153 | CA DRE# 02062620

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By providing Invest SLO your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

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