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Exceptional opportunity to acquire a fully rented triplex in the highly desirable west side of Paso Robles, just blocks from downtown amenities. Situated on an expansive 11,200± sqft 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.
| Last Updated | 2/13/2026 | Tract | PR City Limits West(120) |
|---|---|---|---|
| Year Built | 1967 | Community | PRIC - PR Inside City Limit |
| Garage Spaces | 3.0 | County | San Luis Obispo |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Cooktop, Water Heater |
| AREA | PRIC - PR Inside City Limit |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 0.2571 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 11200 |
| PARKING | Concrete, Carport, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | PR City Limits West(120) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/14/26 9:17 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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