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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



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 | Building Class | C |
| Price Per Unit | $517,042 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,300 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | T4-N - Multi-Family | ||
| 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)
PROPERTY TAXES
| Parcel Number | 008-225-005 | Improvements Assessment | $428,033 CAD (2025) |
| Land Assessment | $327,294 CAD (2025) | Total Assessment | $755,328 CAD (2025) |
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)
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Wine Country 4-Unit Investment Opportunity! | 2145 Park St
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