2219 Oak St - Multi-Family FOR SALE


Paso Robles, CA 93446
$1,245,000 USD
805-878-2225
2219 Oak St, Paso Robles, CA for Sale
$1,245,000 USD
Multi-Family - FOR SALE
1/41
null | 5.99% Cap Rate

2219 Oak St
Paso Robles, CA 93446


HIGHLIGHTS

  • West Paso Robles. 3 Units.
  • Large 11,200 sqft Lot
  • Detached Garage. 3 garages at $200/mo each
  • Carport & off-street parking
  • Individual storage rooms
  • Private Coin-op Laundry Room.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

3

PRICE/UNIT

$415,000

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2219, 2221, 2223 Oak Street

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,200 SF

ZONING

T-3N

APN/PARCEL ID

018-162-008

ASK ABOUT THIS PROPERTY

Kandie FrederickCountry Real EstateMore Info
805-878-2225

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Kandie FrederickCountry Real EstateMore Info
805-878-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.