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Wine Country 4-Unit Investment Opportunity! 2145 Park St 4 Unit Apartment Building $2,068,168 CAD ($517,042 CAD/Unit) Paso Robles, CA 93446

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INVESTMENT HIGHLIGHTS

  • Modern 4-unit property with premium finishes thru-out
  • Two buildings - Front tri-plex built in 2020 + 4th detached ADU
  • Desirable corner lot, with on-site and/or street parking for each unit
  • Private fenced yards with improved patios for each unit
  • Energy-efficient features incl. solar and on-demand H20 heaters
  • Large grocery store & several restaurants within a block or few

EXECUTIVE SUMMARY

MULTI-FAMILY AT ITS FINEST! There are no shortage of average, run-of-the-mill rental units that need regular repairs to keep the tenants happy. But this 4-Unit offering is far from average. The front building is only a few years old and includes three 1-bedroom, 1 bath units – each with individual laundry areas and luxurious bathrooms. 9’ volume ceilings, designer LV plank flooring, solid surface kitchen and bathroom countertops and energy efficient vinyl windows are found thru-out. There is also a separate, detached 4th unit at the back of the lot, with approx. 550 SF of living space + a separate laundry/storage room. Each of the 4 units has private fenced yards, patio and garden areas and onsite parking, as well as abundant street parking afforded by the corner lot location. By original design, the front building was started as a 3 bdrm, 2 bath home with a separate 1/1 Jr. ADU on the rear of the structure. However, prior to finaling the building permits, the owner and builder decided to split the larger front unit (2145) into two separate 1/1 units (2145 & 2147). The 3rd unit in this building (2149) has a great wrap around yard area that is a favorite feature of the tenants. All 4 units have fire sprinklers, tankless H2O heaters (front 3), HVAC and the benefit of solar for reduced PG&E costs. And tenants love the convenience of being a short walk to numerous restaurants and Smart and Final. Whether you’re looking for an elevated landlord experience, or you elect to use one of the units for yourself as your wine country second home while collecting rents from the other three. This property is NOT for the investor looking for the best CAP rate or Cash-on-Cash return. Rather, it is for a discriminating investor who appreciates quality construction and limited maintenance and management need.... or as noted prior, a user that wouldn't consider living in a typical 4-plex unit themselves. But this one, a user could be proud to occupy! This opportunity cannot be easily replaced.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $121,849 $52.98
Other Income - -
Vacancy Loss - -
Effective Gross Income $121,849 $52.98
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $121,849
Annual Per SF $52.98
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $121,849
Annual Per SF $52.98
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $2,068,168 CAD
Price Per Unit $517,042 CAD
Sale Type Investment
Sale Condition 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 2,300 SF
Average Occupancy 100%
No. Stories 1
Year Built 2020
Opportunity Zone Yes
Zoning T4-N - Multi-Family

AMENITIES

SITE AMENITIES

  • Laundry Facilities
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $2,469 CAD 497 - 632
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-225-005
Land Assessment
$327,294 CAD (2025)
Improvements Assessment
$428,033 CAD (2025)
Total Assessment
$755,328 CAD (2025)
  • Listing ID: 38625670

  • Date on Market: 2025-12-02

  • Last Updated:

  • Address: 2145 Park St, Paso Robles, CA 93446

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