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$2,050,000

Beds
Unknown
sq ft
Unknown

3505 Spring St, Paso Robles, CA 93446

3505 Spring St

Paso Robles, CA 93446

  • 85 days on market
    • Price drop $50,000↓
Discover an exceptional fully renovated investment opportunity with this 10-unit apartment building located in a designated Opportunity Zone in Paso Robles. This property features a diverse range of units to accommodate various tenant needs, including five studios and one spacious one-bedroom unit on the upper level, each boasting a full bath. Renovations include plumbing, electrical, roofing, deck and unit upgrades. The lower level offers a larger two-bedroom, two-bath unit, along with three additional one-bedroom units. Key features include a paved parking lot for tenant convenience, a fenced backyard offering privacy and security, and covered patio areas perfect for outdoor relaxation. This property presents a fantastic opportunity for both seasoned investors and those looking to enter the market. This opportunity won't last!

Details

Property type

Apartment

Est. home value

$1,334,411

Lot size

0.3891 acres

Price per sq ft

Unknown

Year built

1968

HOA

No

Price History

10/31/2024
CRMLS

CRMLS #OC24147835

Price change
$2,050,000
-2.38%
10/02/2024
CRMLS

CRMLS #OC24147835

Price change
$2,100,000
-6.67%
09/05/2024
CRMLS

CRMLS #OC24147835

Price change
$2,250,000
-2.17%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Insignia Capital Corp

Loan start date

July 2023

Original loan amount

$1,625,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Commercial, 2 year

Seller

Ratner Paso Robles Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 2:05 PM

Listing updated: 10/30/2024 at 7:20 PM

Listed by: Justin Tye, Real Broker Phone #: (619) 248-6434

MLS: CRMLS #OC24147835

CRMLS logo

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