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$3,100,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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(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

Full Property Details for 3411 Spring St

General

  • Price: $3,100,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PI26094992
  • Updated: 5/30/2026
  • Days on Market: 6 days
  • Added to Site: 6 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 14
  • Parking Features: Assigned, Covered, Paved, Parking Space
  • Parking: Assigned, Covered, Paved, Parking Space

Location

  • Area: PSOR - Paso Robles
  • County: San Luis Obispo
  • Development Name: PSOR - Paso Robles
  • Driving Directions: Start on US-101 N, take exit 232 for Spring St, destination will be on the right.

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 15
  • # Electric Meters: 15

Structural Information

  • Architectural Style: Traditional
  • Entry Location: Front Door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 11,808
  • Year Built: 1978

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 12

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 13

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.3771
  • Lot Size (Sq. Ft.): 16,425
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre, Paved, Rectangular Lot, Lot 10000-19999 Sqft

Financial Considerations

  • Price Per Sq. Ft.: $262.53
  • Price Per Unit: 221429

Listed by Invest SLO, Abel Contreras and Invest SLO, Chelsea King

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Listing agents

— 3411 Spring St —

  • Abel Contreras

    Invest SLO

  • Chelsea King

    Invest SLO

805-709-7143

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3411 Spring St

School District:Paso Robles Joint Unified School District
NameGradesDistance
Georgia Brown Elementary School
525 36th Street, Paso Robles, CA 93446
K-50.1 mi
George H. Flamson Middle School
2405 Spring Street, Paso Robles, CA 93446
6-80.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3411 Spring St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/29/2026
Listed
$3,100,000
100%
MLS
7/18/2005
Sold
$1,550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3411 Spring St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,101
3%
$1,995,899
2%
2023
$21,399
—
$1,956,764
2%
2023
$21,399
2%
$1,918,397
2%
2022
$21,081
2%
$1,880,783
2%
2021
$20,721
1%
$1,843,906
-5%
2020
$20,440
-4%
$1,936,821
2%
2019
$21,384
1%
$1,898,845
2%
2018
$21,094
6%
$1,861,614
2%
2017
$19,834
2%
$1,825,113
2%
2016
$19,446
—
$1,789,328
2%
2015
$19,373
4%
$1,762,451
2%
2014
$18,700
57%
$1,727,928
57%
2013
$11,940
—
$1,100,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Invest SLO, Abel Contreras and Invest SLO, Chelsea King

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3411 Spring Street, Paso Robles, CA 93446 (MLS# PI26094992) is a Multi-Family property with 14 units containing 0 bedrooms and 0 full bathrooms. 3411 Spring Street is currently listed for $3,100,000 and was received on May 29, 2026. Want to learn more about 3411 Spring Street? Do you have questions about finding other Multi-Family real estate for sale in Paso Robles? You can browse all Paso Robles real estate or contact a Coldwell Banker agent to request more information.

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