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2219 Oak St - 2219, 2221, 2223 Oak Street 3 Unit Apartment Building Offered at $1,705,289 CAD at a 5.99% Cap Rate Paso Robles, CA 93446
Investment Highlights
- West Paso Robles. 3 Units.
- Detached Garage. 3 garages at $200/mo each
- Individual storage rooms
- Large 11,200 sqft Lot
- Carport & off-street parking
- Private Coin-op Laundry Room.
Executive Summary
Exceptional opportunity to acquire a fully rented triplex in the highly desirable west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sqft lot, this property offers both immediate cash flow and long-term upside potential.
The unit mix includes two spacious 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit—an attractive configuration for strong tenant demand. All three units are currently leased, providing stabilized income from day one.
Recent capital improvements enhance value and reduce near-term expenses, including a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances.
The property offers functional amenities that support tenant retention: fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter.
Located near downtown Paso Robles, Highway 101 access, schools, shopping, and services, this asset benefits from strong rental demand and long-term appreciation drivers. The generous lot size and T-3N zoning create potential for future development or value-add strategies (buyer to verify).
A rare combination of location, improvements, income stability, and future flexibility—ideal for investors seeking both yield and growth.
The unit mix includes two spacious 2-bedroom, 2.5-bath units and one 2-bedroom, 1-bath unit—an attractive configuration for strong tenant demand. All three units are currently leased, providing stabilized income from day one.
Recent capital improvements enhance value and reduce near-term expenses, including a new roof and rain gutters in 2025, matching white vinyl windows throughout, newer downstairs tile flooring in two units, and a remodeled kitchen in one unit featuring white cabinetry and appliances.
The property offers functional amenities that support tenant retention: fenced front yards for two units with low-maintenance synthetic turf, a shared fenced rear yard, carports, individual storage areas, and three detached garages in the rear structure. A private laundry room serves the units, with separate gas and electric meters for each unit and a single water meter.
Located near downtown Paso Robles, Highway 101 access, schools, shopping, and services, this asset benefits from strong rental demand and long-term appreciation drivers. The generous lot size and T-3N zoning create potential for future development or value-add strategies (buyer to verify).
A rare combination of location, improvements, income stability, and future flexibility—ideal for investors seeking both yield and growth.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$123,274
|
$46.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,274
|
$46.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,756
|
$5.23
|
| Net Operating Income |
$109,518
|
$41.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $123,274 |
| Annual Per SF | $46.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $123,274 |
| Annual Per SF | $46.84 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,756 |
| Annual Per SF | $5.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $109,518 |
| Annual Per SF | $41.61 |
Property Facts
| Price | $1,705,289 CAD | Building Size | 2,632 SF |
| Price Per Unit | $568,430 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.99% | Year Built | 1967 |
| No. Units | 3 | Parking Ratio | 3.42/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Lot Size | 0.26 AC | ||
| Zoning | T-3N | ||
| Price | $1,705,289 CAD |
| Price Per Unit | $568,430 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.26 AC |
| Building Size | 2,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 3.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | T-3N |
Amenities
Unit Amenities
- Storage Space
- Ceiling Fans
- Tile Floors
- Carpet
- Yard
- Patio
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $3,253 CAD | - |
| 2+1 | 1 | $2,876 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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2219 Oak St - 2219, 2221, 2223 Oak Street
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