Paso Robles Multifamily
For Sale
$404,995
Pending
11011 S Shore Dr, Paso Robles, CA 93446
Multifamily property for sale in Paso Robles, California.
Property Size1,241 SF
Lot Size0.23 Acres
Days on Market321
Property Features for 11011 S Shore Dr
General Information
Standard status
Pending
Size
1,241 SF
Lot size
0.23 Acres
Property subtype
Residential
Building Details
Building Size
1,241 SF
Year Built
2006
Stories
2
Units
1
Listed By:
Brian Cohen
(805) 796-5425
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 14 at 11:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian Cohen
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Paso Robles, California. The list price is $439,000.
Key Highlights
- Year Built: 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,958
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,160
$479.2K
Cap Rate 7%
$342,257
$342.3K
Cap Rate 9%
$266,200
$266.2K
Market Conditions
NOI Build-Up for 1,241 SF
Gross rent
$44.7K $36.00/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$43.6K $35.10/SF
− OpEx
−$19.6K −$15.80/SF
NOI
$24.0K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,160
Cap Rate 7%
$342,257
Cap Rate 9%
$266,200
Alternative Uses
Best Use
Apartment 5plus
$342.3K
$299.5K – $399.3K
NOI $23,958 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$488.1K
$427.1K – $569.4K
NOI $34,165 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Paso Robles, California.
Where is this apartment building located?
The property is located at 11011 S Shore Dr Paso Robles, CA.
What is the asking price?
The asking price for this property is $404,995.
What are key features of this property?
This property features: Year Built: 2006
