Two-Unit
245 17th, Paso Robles, CA 93446
For Sale
$799,000
Includes one-bedroom and two-bedroom residences with varied bath configurations near downtown Paso Robles amenities.
Property Size1,500 SF
Days on Market109
Property Features for 245 17th
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Farrell Smyth Real Estate
Listed By:
Jennifer Hamilton · License #01800791
Source:
Homeandranchsir
Added: Jul 24
Changed: Nov 7
Last Checked: Nov 8 at 12:33PM
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 Farrell Smyth Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two residential units: one residence with 1 bedroom and 1 bath, and another with 2 bedrooms and 2 baths. Built in 1920, the property offers a varied unit mix within a single multifamily asset on a generous lot in Paso Robles.
The property is located near downtown, shopping, dining, schools, parks, and local wineries. Its Central Coast setting provides access to a range of everyday services and community amenities, while the two-unit configuration supports both multifamily ownership and residential occupancy uses.
The property is located near downtown, shopping, dining, schools, parks, and local wineries. Its Central Coast setting provides access to a range of everyday services and community amenities, while the two-unit configuration supports both multifamily ownership and residential occupancy uses.
Key Highlights
- Two units: 1‑bedroom, 1‑bath and 2‑bedroom, 2‑bath residences
- Built in 1920
- Located near downtown Paso Robles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,365
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,300
$627.3K
Cap Rate 7%
$448,071
$448.1K
Cap Rate 9%
$348,500
$348.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.9K $30.60/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$44.8K $29.87/SF
− OpEx
−$13.4K −$8.96/SF
NOI
$31.4K $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%
$627,300
Cap Rate 7%
$448,071
Cap Rate 9%
$348,500
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 3.62%
Theoretical Best
Healthcare Medical
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
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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
$661,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in San Luis Obispo County, CA
Properties on Market for Duplexes in San Luis Obispo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Includes one-bedroom and two-bedroom residences with varied bath configurations near downtown Paso Robles amenities.
Where is this duplex located?
The property is located at 245 17th Paso Robles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two units: 1‑bedroom, 1‑bath and 2‑bedroom, 2‑bath residences; Built in 1920; Located near downtown Paso Robles
