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WESTSIDE PASO ROBLES INVESTMENT OPPORTUNITY! You're sure to love this charming bungalow, sitting on an elevated 1/4 acre just blocks from dozens of eateries and wine tasting rooms in downtown Paso Robles! This vintage residence is not only full of character, but also many tasteful and modern updates! You'll find recent vinyl dual-pane windows, luxury vinyl plank 'wood' floors, upgraded doors, hardware and baseboards, quartz counters atop newer cabinets, stainless appliances, custom tilework backsplash and shower surround and even modern central HVAC. Sure, at nearly 80 years old, it has its quirky features, like the missing closets in 2 of the 3 bedrooms, or the space saving 'powder laundry' where you can do your laundry and other important business very efficiently at the same time! But the positives like the HUGE covered front porch sitting high above the street level make the quirks work! Now for the BONUS ROUND, because there is a lot more to this offering than just a charming old home close to downtown Paso. The 1/4 acre parcel is zoned T4-N, and has plenty of room for added opportunity. For example, this sale includes turn-key, ready to go building plans for two additional units - with city construction permits ready to pick up! You could start construction on a duplex on the back of this parcel upon close of escrow. Engineering - done. Design work - done. Final permit fees - nope, not yet (that one is on you). Instead of spending months of your life in design, engineering and planning, you can spend it doing things you like more like wine tasting, attending sporting events... and of course world travel ;). Plus, it is in a Federally designated 'Opportunity Zone'! (Google it - it's a BIG DEAL if you plan to develop additional units and like tax savings)! If you're not into multi-family units and collecting rent checks, maybe you could utilize the oversized lot for building a shop/garage for your automotive or business interests, or even developing your own private 9 hole mini-golf course (whatever floats your boat, right!). INVESTORS, please note - this home is tenant occupied and the tenants would LOVE to stay. They pay $2,400 per month in rent, and their lease ends in June, but they would be happy to extend for a year (or few!).
| Last Updated | 5/2/2024 | Tract | PR City Limits West(120) |
|---|---|---|---|
| Year Built | 1944 | Community | PR Inside City Limit |
| County | San Luis Obispo |
SCHOOLS
| School District | Paso Robles Joint Unified |
|---|
Price History
| Prior to May 2, '24 | $650,000 |
|---|---|
| May 2, '24 - Today | $620,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Gas Range, Microwave |
| AREA | PR Inside City Limit |
| BUYER'S BROKERAGE COMPENSATION | 2.500 % |
| CONSTRUCTION | Stucco |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Block Walls |
| LOT | 0.26 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | PR City Limits West(120) |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills,Neighborhood |
| WATER | Public |
| ZONING | T4N |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/24 7:02 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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