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A rare Westside Paso Robles offering, this exceptional income property delivers both luxury living and unmatched investment security"”featuring TWO transferable short term rental permits, an increasingly scarce asset in a city where new non hosted permits have a substantial 20+ waiting list. Situated within the coveted T3 F / Opportunity Zone, the property also benefits from zoning that may allow up to two additional ADUs, creating a long term expansion opportunity seldom found this close to downtown. Just a few walkable blocks from the Downtown Square and Paso Market Walk, 1636/1638 Spring Street is a beautifully re-imagined duplex operating as three fully independent units, each with its own private entrance. A comprehensive 2021 renovation elevated the property to modern standards while preserving its West Side charm"”offering immediate income, regulatory stability, and future development potential in one of Paso Robles' most desirable areas. The front 1 bed / 1 bath (493 sf) unit is an established and successful short term rental with a strong operating history. The rear unit(s) features a flexible two level configuration: the lower 2 bed / 1 bath (951 sf) unit is fully self contained with an open concept living area, updated kitchen and dining area, while the upper 1 bed / 1 bath (697 sf) suite"”with its own full living, kitchen, bedroom and private entrance"”offers ideal space for additional rental income, owner occupancy, or elevated guest accommodations. A dual locking interior door allows the two rear units to function independently or together, depending on the owner's needs. Outdoor amenities include gated parking, privacy fencing, covered patios, drought tolerant landscaping, a charming gazebo, two 7×7 storage sheds, and a spacious rear parking area. A storage basement houses a washer/dryer adding further convenience. Interior upgrades include mini split HVAC systems, updated kitchens, luxury plank flooring, dual pane windows, carpeted bedrooms, and a dedicated HVAC system for the lower rear unit. Perfect for investors, 1031 exchange buyers, or owner users seeking income, flexibility, and long term upside, this is a legacy Paso Robles asset"”a rare combination of luxury, location, and income potential, protected by the scarcity of transferable STR permits.
| Last Updated | 3/20/2026 | Tract | PR City Limits West(120) |
|---|---|---|---|
| Year Built | 1923 | Community | PRIC - PR Inside City Limit |
| County | San Luis Obispo |
Additional Details
| AIR | Attic Fan, Central Air, Whole House Fan, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Electric Cooktop, Electric Oven, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Water Heater |
| AREA | PRIC - PR Inside City Limit |
| BASEMENT | Yes |
| EXTERIOR | Lighting, Rain Gutters |
| HEAT | Forced Air, Natural Gas, See Remarks, Zoned |
| INTERIOR | Ceiling Fan(s), Entrance Foyer, Recessed Lighting |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Front Yard, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot |
| LOT DIMENSIONS | 6970 |
| PARKING | Asphalt, Off Site, On Site, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | PatioHome |
| 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 3/22/26 11:21 AM PDT 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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