120-240 Spring, Paso Robles, CA 93446

$10,950,000 Approx. USD 0 beds, 1 baths
44,636 sqft

Agent Remarks

The Grandview Apartments in Paso Robles offer an investor the rare opportunity to add value to a sizable asset in a premiere California inland coastal location. The 54-unit property in 6 garden-style buildings, is prominently situated on a 2.8-acre parcel at Paso Robles ''gateway'' entry corner. Unit mix 42 x 2/1, 8 x 1/1, 4 x 3/1. Flexible TC-2 zoning allows for creative value-add possibilities. The complex is surrounded by new commercial development and is a few blocks to charming downtown Paso Robles. Take advantage of this top location within one of California's most desirable tourist destinations to profitably re-position for a higher cap rate for the long term, or consider the favorable zoning as an avenue for a major transformation.

Listing Details

Property type: (Multi-family)
Status: Active
MLS# 1071576
List price is $10,950,000 Reduced by $350,000 on 2/21/2017
Beds: 0
Baths: 1 (1 full)
Built in 1953
44,636 sqft
Lot size: 3.3300
Subdivision: PR City Limits West
County: San Luis Obispo
Parking description: 51-100
Heating description: Wall Furnace
MLS area: PR Inside City Limit

Last Updated: 3/14/2017

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This listing belongs to the PR Inside City Limit MLS area

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Lat/Long: 35.616260, -120.689994.
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Listing Agent: Ken Switzer
Broker: Berkshire Hathaway HomeServices CA Properties

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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