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Key Details
Sold Price $620,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Pr City Limits West(120)
MLS Listing ID NS24038094
Sold Date 06/11/24
Bedrooms 3
Full Baths 1
Half Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1944
Lot Size 0.257 Acres
Property Description
WESTSIDE PASO ROBLES INVESTMENT OPPORTUNITY! You're sure to love this charming bungalow, sitting on an elevated 1/4 acre just blocks from dozens of eateries and wine tasting rooms in downtown Paso Robles! This vintage residence is not only full of character, but also many tasteful and modern updates! You'll find recent vinyl dual-pane windows, luxury vinyl plank 'wood' floors, upgraded doors, hardware and baseboards, quartz counters atop newer cabinets, stainless appliances, custom tilework backsplash and shower surround and even modern central HVAC. Sure, at nearly 80 years old, it has its quirky features, like the missing closets in 2 of the 3 bedrooms, or the space saving 'powder laundry' where you can do your laundry and other important business very efficiently at the same time! But the positives like the HUGE covered front porch sitting high above the street level make the quirks work! Now for the BONUS ROUND, because there is a lot more to this offering than just a charming old home close to downtown Paso. The 1/4 acre parcel is zoned T4-N, and has plenty of room for added opportunity. For example, this sale includes turn-key, ready to go building plans for two additional units - with city construction permits ready to pick up! You could start construction on a duplex on the back of this parcel upon close of escrow. Engineering - done. Design work - done. Final permit fees - nope, not yet (that one is on you). Instead of spending months of your life in design, engineering and planning, you can spend it doing things you like more like wine tasting, attending sporting events... and of course world travel ;). Plus, it is in a Federally designated 'Opportunity Zone'! (Google it - it's a BIG DEAL if you plan to develop additional units and like tax savings)! If you're not into multi-family units and collecting rent checks, maybe you could utilize the oversized lot for building a shop/garage for your automotive or business interests, or even developing your own private 9 hole mini-golf course (whatever floats your boat, right!). INVESTORS, please note - this home is tenant occupied and the tenants would LOVE to stay. They pay $2,400 per month in rent, and their lease ends in June, but they would be happy to extend for a year (or few!).
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Zoning T4N
Rooms
Other Rooms Shed(s)
Main Level Bedrooms 3
Ensuite Laundry Inside
Interior
Interior Features Block Walls, Separate/Formal Dining Room, All Bedrooms Down
Laundry Location Inside
Heating Central
Cooling Central Air
Flooring Carpet, See Remarks, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Microwave
Laundry Inside
Exterior
Pool None
Community Features Suburban
View Y/N Yes
View Hills, Neighborhood
Roof Type Composition
Porch Covered
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
Additional Building Shed(s)
New Construction No
Construction Status Updated/Remodeled
Schools
School District Paso Robles Joint Unified
Others
Senior Community No
Tax ID 008228017
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with David Crabtree • Home & Ranch Sotheby's Intl