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$1,250,000
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Property Description
Updated and Remodeled Downtown Income Pair with Two Transferable Vacation Rental Licenses. On a corner lot in the heart of historic Paso Robles sits a rare pairing: two updated homes, two transferable vacation rental licenses, and the freedom to run them together for group stays or apart for two income streams. The 6,970 square foot lot offers ample parking, low maintenance landscaping, a detached two car garage, and a storage shed with the bones to become an office or studio. The primary residence is a 1920s Craftsman, two bedrooms and two baths, remodeled to bring period charm up to today's standards. A landscaped walkway leads to a covered country porch, and hardwood floors carry through a warm living room, into the dining room, and out to a sun filled sunroom. The kitchen anchors the home: Blue Point professional appliances, stainless accents, butcher block counters, and a white subway tile backsplash, with laundry and direct backyard access close by. Both bedrooms are generously sized, the baths are finished with care, and a large basement leaves room for a wine cellar or future expansion. The second home, a one bedroom, one bath ADU, has its own private entrance and a quiet fenced backyard, a bright retreat suited to short term guests or visiting family. Two addresses, one lot, and licensing already in place. This is a chance to own a downtown Paso Robles income property that's been done right, with the flexibility to shape it around exactly how you want to use it.
Full Property Details
Full Property Details for 503 Oak
General
- Price: $1,250,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: NS26203242
- Updated: 9/18/2026
- Days on Market: 20 days
- Added to Site: 20 day(s) ago
Interior
- Rooms/Areas: Laundry, All Bedrooms Down, Kitchen, Family Room
- Fireplace: Yes
- Fireplace(s): Family Room
- Appliances: Disposal, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: San Luis Obispo
- Subdivision: PR City Limits West(120)
- Driving Directions: From Spring Street; left on 5th
School Information
- School District: Paso Robles Joint Unified
Community
- Community Features: Street Lights
Heating & Cooling
- Cooling Type: Electric, Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Foundation: Slab
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,942
- Sq. Ft. Source: Seller
- Year Built: 1920
- Year Built Source: Assessor
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Assessor
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $643.67
Disclosures and Reports
- Special Conditions: Standard
Listed by Luxton Real Estate, Karlie Montgomery
Get Pre-Approved Today
Schools
Schools serving 503 Oak
School District:Paso Robles Joint Unified School District
| Name | Grades | Distance |
|---|---|---|
Bauer/Speck Elementary School 401 17th Street, Paso Robles, CA 93446 | K-5 | 0.9 mi |
George H. Flamson Middle School 2405 Spring Street, Paso Robles, CA 93446 | 6-8 | 1.5 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 503 Oak
Date
Details
Price
Change
Source
9/16/2026
Listed
$1,250,000
28.21%
MLS
12/27/2023
Sold
$975,000
—
Public Record
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
Tax History for 503 Oak
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,012
—
$1,014,390
2%
2025
$11,012
40%
$994,500
38%
2023
$7,864
—
$719,068
2%
2023
$7,864
2%
$704,970
2%
2022
$7,747
2%
$691,148
2%
2021
$7,615
1%
$677,597
1%
2020
$7,511
45%
$670,650
46%
2019
$5,169
1%
$459,000
2%
2018
$5,099
309%
$450,000
270%
2017
$1,246
2%
$121,680
2%
2016
$1,220
—
$119,295
2%
2015
$1,215
4%
$117,504
2%
2014
$1,171
—
$115,203
—
2013
$1,169
—
$114,684
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Oak
503 Oak, Paso Robles, CA 93446 (MLS# NS26203242) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 503 Oak is currently listed for $1,250,000 and was received on September 16, 2026. Want to learn more about 503 Oak? Do you have questions about finding other Single 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.

