Active

Multifamily

1636 Spring Street

Paso Robles, CA 93446

$1,475,000

1636/1638 Duplex-Amazing Location! Opportunities like this don't come around very often! 2 TRANSFERABLE SHORT-TERM RENTAL PERMITS in a highly sought after location only a few walking blocks from the downtown square and market walk. In its current configured use, the property is also allowed by current codes to… Read More build 2 additional ADU’s in the rear. Located in the T3-F (and Opportunity) zones, this unique flex property takes efficiency to the next level when it comes to utilizing space. Extensively remodeled in 2021, the duplex is currently functioning as 3 separate rental units each with its own private entrance. The 1 bed/1ba (493+/- sf ) front studio (Spring Street Suite) is currently operated as a short-term rental with a solid rental history since 2022. The inviting interior boasts luxury plank flooring, large inviting foyer, spacious bath, kitchenette with farmhouse sink, quartz countertops, wine fridge and plenty of cabinet storage. Frosted window sliding barn doors and a two-zone mini-split HVAC system allow separation between the bedroom and the living area – allowing for sleeping for 4 with plenty of privacy. The exterior of the suite features a large covered patio, drought tolerant landscaping on drip, and a semi private sitting area to enjoy morning coffee or evening cocktails. The 3 bed/2ba (1648+/- sf) back unit boasts luxury plank flooring, plush carpet in the hallway and bedrooms, 2 full kitchens equipped with their own stoves/refrigerators/microwaves, stainless steel/porcelain farmhouse sinks, plenty of cabinet space, and new composite decking- perfect for outside lounging or entertainment. Adding to the exterior environment is privacy fencing, DG pad, and a standalone 12 x 12 gazebo.. Here’s the advantage - the top floor comprises 697+/- sf of the back unit and is an inviting 1 bed/1 ba, full kitchen and living area to utilize as a separate, private living space. It comes fully carpeted with luxury vinyl plank flooring, two zone mini split heat/AC, and private entrance off the rear. The rear of the property is fully fenced, has a large parking area, and a remote operated automatic gate for privacy/safety. The property also has a basement with washer/dryer hookups, easy access to utilities and plenty of storage. Don't miss this opportunity for 2 short-term vacation rental permits in a duplex specifically designed to include a 3rd separate living area, with plenty of space for 2 more ADU's in the heart of Paso Robles. Read Less

Property listed by AARE, Jennifer Harris, 805-610-2420

Listing Snapshot

Days Online

5

Last Updated

Feb 21, 2025

Property Type

Duplex

Lot Size

0.16 Acres

Year Built

1923

MLS Number

NS25025171

30 Days Snapshot Of 93446

$841k

+5%

(avg) sold price

26

+23%

homes sold

104

+16%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage type: CityStreet, Road surface type: Paved

Appliances & Equipment

ElectricOven, GasCooktop, Disposal, GasOven, GasWaterHeater, Refrigerator

Building

Built in 1923, Building area total: 2,141, Levels: Two, 2 stories, 1 building, Architectural style: PatioHome, Attached, Common walls: TwoCommonWallsOrMore

Community

Biking, Curbs, Golf, StormDrains, StreetLights, Sidewalks, WaterSports, Park

Cooling

CentralAir, SeeRemarks, WholeHouseFan, Zoned, AtticFan

Expenses

Electric expense: $3,251, Fuel expense: $1,203, Insurance expense: $3,000, Operating expense: $10,663, Trash expense: $1,959, Water sewer expense: $1,472

Exterior Features

Lighting, RainGutters

Fence

NewCondition, Wood

Fireplaces

None

Floors

Carpet, Laminate

Heating

ForcedAir, NaturalGas, SeeRemarks, Zoned

Income

Gross income: $91,983, Net operating income: $91,983

Interior Features

CeilingFans, LivingRoomDeckAttached, QuartzCounters, RecessedLighting, Attic, BedroomOnMainLevel

Laundry

Inside, Outside

Lot

0.16 acres, 6,970 square feet, Size: 6,970, TwoToFiveUnitsAcre, FrontYard, Landscaped, Level, NearPark, NearPublicTransit, Paved, RectangularLot, StreetLevel

Parking

8 open parking spaces, 8 totals parking, Asphalt, ControlledEntrance, DrivewayLevel, OffSite, OnSite, Private

Pool

None

Property

Zoning: T3F, Neighborhood

Roof

Composition, Shingle

Security Features

CarbonMonoxideDetectors, FireDetectionSystem, FireRatedDrywall, SmokeDetectors, SecurityLights

Sewer

PublicSewer

Spa

None

Tenant Pays

Sewer, Water

Utilities

ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

Windows

DoublePaneWindows, Screens

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Bauer-Speck Elementary School 805-769-1350 Public KG-5

George H. Flamson Middle School 805-769-1400 Public 6-8

Paso Robles High School 805-769-1500 Public 9-12

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Based on information from California Regional Multiple Listing Service, Inc. as of Feb 21, 2025 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.

1636 Spring Street

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