2221 Oak Street, Paso Robles, CA 93446

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Sold Price
$1,150,000
List Price
$1,245,000
Closing Date
Apr 27, 2026
Status
CLOSED
MLS#
NS26033509
Year Built
1967
Lot Size
11,200
Acres
0.26
Lot Location
Level
Days on Market
49
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels
Neighborhood
Pr City Limits West(120)

Property Description

Exceptional opportunity to acquire a desirable triplex in the highly desirable west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sq. ft. 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.

Additional Information

Other Buildings
Storage
Appliances
Gas Cooktop, Water Heater
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Neighborhood
Exterior Construction
Stucco
Roof
Composition
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s)
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$84,600
Operating Expense
10043

Listing courtesy of Listing Agent: Kandie Frederick (kandie@countryrealestate.com) from Listing Office: Country Real Estate.

Listing sold by Karlie Montgomery from Luxton Real Estate

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.