111 Oak
Property Overview
Rare 12-unit multifamily investment opportunity in Paso Robles, situated in the heart of California's Central Coast wine country. The offering consists of three fourplex buildings located on one parcel at 111 Oak Street, 121 Oak Street and 122 Vine Street. The property features a consistent unit mix of twelve two-bedroom, one-bathroom residences and combines established rental income with opportunities for future growth. Currently 10 of the 12 units are occupied with two vacant units offering lease-up potential generating more income. Laundry facilities on site and each unit includes a designated carport parking spot with storage closet. Convenient access to Highway 101 and downtown Paso Robles which places residents near restaurants, shops, tasting rooms and everyday amenities. With existing cash flow, scale and value-add potential, this offering presents a compelling opportunity for a 1031 exchange buyer, multifamily investor or portfolio owner seeking to expand their holdings on California's Central Coast.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1977
- Lot size
- 22,500 sq ft
- Parking
- 12 spaces
- Carport
- 12 spaces
- Stories
- 2
- Days on market
- 6
- MLS status
- Active
Features & Amenities
Interior
- Tile Counters
Appliances
- Electric Range
Parking
- Assigned
- Carport
- Storage
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- Fireplace
- Yes
- View
- Neighborhood
Utilities
- Heating
- ForcedAir
- Cooling
- CentralAir
- Electric
- Standard
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 111 Oak
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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