Duplex With Transferable
For Sale
$1,058,000
2230 Spring Street, Paso Robles, CA 93446
Furnished two-unit property with TC-2 zoning and established short-term rental operations near downtown amenities.
Property Size1,757 SF
Days on Market53
Property Features for 2230 Spring Street
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Duplex
Zoning
TC-2
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Building Size
1,757 SF
Year Built
1895
Listing Agency:
Oak Shores Realty
Listed By:
Patrick McCandless · License #02011697
(805) 239-1900
Source:
Homeandranchsir
Added: Aug 24
Changed: Oct 14
Last Checked: Oct 13 at 3:03AM
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 Oak Shores Realty
Investment Insights
Based on property information with market context.
This duplex at 2230 Spring Street includes two furnished residential units configured as a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit. Both are upgraded and operating as short-term rentals, with short-term rental permits that can transfer to a new owner under the stated TC-2 zoning designation. The property was built in 1895.
The location places the property less than a mile from the Downtown Square and a few blocks from the Paso Robles Event Center/Fairgrounds and Paso MarketWalk. TC-2 zoning provides a commercial and residential designation within the Town Center, while the existing furnishings, improvements, and operating setup support continued short-term rental use.
The location places the property less than a mile from the Downtown Square and a few blocks from the Paso Robles Event Center/Fairgrounds and Paso MarketWalk. TC-2 zoning provides a commercial and residential designation within the Town Center, while the existing furnishings, improvements, and operating setup support continued short-term rental use.
Key Highlights
- Two‑unit duplex with a 2‑bedroom/1‑bath unit and a 1‑bedroom/1‑bath unit
- Transferable short‑term rental permits under TC‑2 zoning
- TC‑2 commercial/residential zoning in Paso Robles' Town Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,739
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,780
$734.8K
Cap Rate 7%
$524,843
$524.8K
Cap Rate 9%
$408,211
$408.2K
Market Conditions
NOI Build-Up for 1,757 SF
Gross rent
$53.8K $30.60/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$52.5K $29.87/SF
− OpEx
−$15.7K −$8.96/SF
NOI
$36.7K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,780
Cap Rate 7%
$524,843
Cap Rate 9%
$408,211
Alternative Uses
Best Use
Multifamily LT 5
$524.8K
$459.2K – $612.3K
NOI $36,739 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$484.6K
$424.0K – $565.3K
NOI $33,919 @ 7.0% cap · market cap 3.21%
Theoretical Best
Healthcare Medical
$691.0K
$604.6K – $806.2K
NOI $48,370 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
802
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished two-unit property with TC-2 zoning and established short-term rental operations near downtown amenities.
Where is this duplex located?
The property is located at 2230 Spring Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $1,058,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom/1‑bath unit and a 1‑bedroom/1‑bath unit; Transferable short‑term rental permits under TC‑2 zoning; TC‑2 commercial/residential zoning in Paso Robles' Town Center
