0.39 Acres Lot
0.39 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI26094991
HOA Y/N No
Year Built 1968
Lot Size 0.389 Acres
Property Sub-Type Apartment
Property Description
Investment Highlights:
*Federally Designated Opportunity Zone — Significant Tax Incentives for Qualifying Investors
*RUBS Program in Place Since October 2025 — Tenants Pay ~90% of Gross Utilities
*Attractive Entry Basis at ~$380/SF
*Attractive Entry Basis: $190,000/unit
*Stabilized Cap Rate of 7.84% at Market Rents
*Annual Rent Upside of ~$53,340 as Units Turn Over to Market
Location
State CA
County San Luis Obispo
Area Psor - Paso Robles
Zoning T-4NC
Rooms
Other Rooms Shed(s)
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Asphalt, On Site, Paved, Uncovered
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Asphalt
Accessibility Parking
Total Parking Spaces 20
Private Pool No
Building
Lot Description 6-10 Units/Acre, Paved
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 008031028
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
