205 Oak Street

Paso Robles, CA 93446

$775,000
Price
4
Beds
3
Baths
1,400 Sq. Ft.
$554 / Sq. Ft.
1,400
Sq. Ft.
$554
per Sq. Ft.

Description

Unique investment opportunity to own a 2 bedroom, 1 bathroom house with two attached studio units and a large detached shop on a spacious corner lot only a few blocks from downtown Paso Robles. This parcel goes street to alley, so there may be an opportunity for a lot split: it is currently zoned T3N. The main home has a fireplace, galley kitchen, dining nook, 2 bedrooms/1 full bathroom and currently rents for $1,400/mo. The two studio units are self sufficient with kitchenettes, their own bathrooms...Unique investment opportunity to own a 2 bedroom, 1 bathroom house with two attached studio units and a large detached shop on a spacious corner lot only a few blocks from downtown Paso Robles. This parcel goes street to alley, so there may be an opportunity for a lot split: it is currently zoned T3N. The main home has a fireplace, galley kitchen, dining nook, 2 bedrooms/1 full bathroom and currently rents for $1,400/mo. The two studio units are self sufficient with kitchenettes, their own bathrooms and rent for $850/mo and $900/mo. The shop currently rents for $400/mo. Ample amount of off street parking on both Oak Street and 2nd Street.
  1. Listed by Jessica Baker • DRE #01955079 • Brokerage DRE #01999105 • The Harley Group • 805-610-3586
  2. Listed by Summer Ramos • DRE #01992070 • Brokerage DRE #01999105 • The Harley Group

Property Details for 205 Oak Street

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1400
Assessor Parcel Number
009283009
Property Attached YN
true
LISTING UPDATED: 10/31/2024 03:42 AM

Property Details for 205 Oak Street

StatusActive
MLS #NS24074071
Days on Market218
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.16 AC / 7,000 SF
CountySan Luis Obispo County

Building Information for 205 Oak Street

Stories1Residences-Year Built1941Building Size-Lot Size0.16 AC / 7,000 SF

Property Information for 205 Oak Street

Rental Info
Rental Info
  • Tenant Pays: Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $400
  • Gross Scheduled Income: $42,600
  • Gross Operating Income: $40,514
  • Net Operating Income: $28,561
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $400
  • Gross Multiplier: 21.0
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $9,406
  • Fuel Expense: $1,568
  • Electric Expense: $2,003
  • Insurance Expense: $0
  • Professional Management Expense: $3,389
  • Trash Expense: $1,912
  • Water Sewer Expense: $553
  • Total Expenses: $12,795
Tax / Assessment Info
  • Tax Block: 137
  • Tax Census Tract: 101.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
Exterior Features
  • Entry Location: main
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage
Property / Structure Info
  • Builders Tract Name: PR City Limits West
  • Builders Tract Code: PR City Limits West(120)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Garage Spaces: 4
  • Unit Type Actual Rent: $400
  • Unit Type Total Rent: $400
  • Unit Type Pro Forma: 800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Range: 3
  • Number With Refrigerator: 3

Property History for 205 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 Oak Street

Taxable ValueLand$191,681Additions$178,901Total$370,582
Tax Record2024$4,120 ($343 / month)
Home Facts
Beds3Total Finished SqFt1,418 SqFtAbove Grade Finished SqFt1,418 SqFtStories1Lot Size7,000 SqFtStyleSingle Family ResidenceYear Built1941ZoningR2CountySAN LUIS OBISPOAPN009-283-009Fireplace TypeHas Fireplace

Schools near 205 Oak Street

This home is within Paso Robles Joint Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Bauer/Speck Elementary School
PublicK to 5

George H. Flamson Middle School
Public6 to 8

Paso Robles High School
Public9 to 12

Liberty High (Continuation) School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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205 Oak Street is a multi-family home for sale in Paso Robles, CA 93446. This property was listed for sale on April 19, 2024 by The Harley Group, it's currently listed at $775,000. It has been on the market for a total of 218 days and was last sold on December 31, 2002. This listing's school district is Paso Robles Joint Unified School District. Nearby schools include Bauer/Speck Elementary School, George H. Flamson Middle School and Paso Robles High School. 205 Oak Street is a 4-bed, 3-bath, 1,400 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Harley Group, Jessica Baker, DRE #01955079; The Harley Group, Summer Ramos, DRE #01992070

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