Craftsman Live-Work
1545 Park Street Paso Robles, CA 93446
1545 Park Street, Paso Robles, CA, 93446
$750,000
Pending
For Sale
$750,000
Pending
SINGLE_FAMILY - Paso Robles, CA
Property Size1,290 SF
Days on Market93
Property Features for 1545 Park Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Pending
- APN
- 008321016
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1900
Listing Agency
RE/MAX Parkside Real Estate
(805) 239-3310
711 12th Street, Paso Robles, CA
Listed by
Jamie Kelton · License #01900705
(805) 239-3310
Added: Apr 17 Checked: Jul 18 at 3:06 pm
MLS# NS26083617
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built circa 1900, this craftsman-style home at 1545 Park Street offers vintage character with an adaptable interior layout. The property includes approximately 1,290 square feet configured as 3 bedrooms and 1 bathroom, giving it a workable foundation for either continued commercial use or a return to residential living with minor modifications. The exterior presents classic curb appeal, including a wide front porch.
Located in downtown Paso Robles, the home is described as being near restaurants, tasting rooms, boutiques, and parks. Access details, specific street frontage, and exact proximity to any individual business are not provided, but the surrounding mix of uses supports a walkable, neighborhood-scale environment.
For tenants, buyers, or owner-operators seeking a small, character-forward property, the combination of living space and conversion-friendly layout may fit a variety of small business concepts or live-work arrangements. Prospective users should review the intended use and plan for the “minor modifications” referenced in the remarks if moving between residential and commercial setups. Whether you’re looking to occupy personally or operate from the property, the existing 3-bedroom/1-bath configuration provides a practical starting point.
Located in downtown Paso Robles, the home is described as being near restaurants, tasting rooms, boutiques, and parks. Access details, specific street frontage, and exact proximity to any individual business are not provided, but the surrounding mix of uses supports a walkable, neighborhood-scale environment.
For tenants, buyers, or owner-operators seeking a small, character-forward property, the combination of living space and conversion-friendly layout may fit a variety of small business concepts or live-work arrangements. Prospective users should review the intended use and plan for the “minor modifications” referenced in the remarks if moving between residential and commercial setups. Whether you’re looking to occupy personally or operate from the property, the existing 3-bedroom/1-bath configuration provides a practical starting point.
Key Highlights
- Built circa 1900, classic craftsman‑style home at 1545 Park Street
- Approximately 1,290 sq. ft with 3 bedrooms and 1 bathroom
- Central air cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $26.40 |
| − Vacancy | −$2.0k | −$1.58 |
| EGI | $32.0k | $24.82 |
| − OpEx | −$8.0k | −$6.20 |
| NOI | $24.0k | $18.61 |
1,290 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 3.20%
Second Best
Mixed Use
$210.1K
$183.8K – $245.1K
NOI $14,706 @ 7.0% cap · market cap 1.96%
Theoretical Best
Healthcare Medical
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Charming circa-1900 craftsman home with a flexible layout suited to live-work or small business use.
Where is this live-work space located?
The property is located at 1545 Park Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Built circa 1900, classic craftsman‑style home at 1545 Park Street; Approximately 1,290 sq. ft with 3 bedrooms and 1 bathroom; Central air cooling
