4-Unit Quadplex with
New
For Sale
$1,150,000
528 Oak Street, Paso Robles, CA 93446
Paso Robles, CA
Property Size3,000 SF
Lot Size0.16 Acres
Price / SF$383.33
Days on Market2
Property Features for 528 Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
T3-N
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Great Room, Bedroom 1, Bedroom 3, Laundry Room, Bedroom 4
Parking
2
Parking features
Garage
Window features
Double Pane Windows
Appliances
Refrigerator, Electric Range, Gas Range, Dishwasher
Subdivision
PR City Limits West(120)
Lot features
Rectangular Lot, 0-1 Unit/ Acre, Near Public Transit
Elementary school district
Paso Robles Joint Unified
Middle school district
Paso Robles Joint Unified
High school district
Paso Robles Joint Unified
Directions
Spring St to 6th St. West on 6th one block to Oak. Right on Oak to property (on left)
Standard status
Active
APN
009257004
Size
3,000 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Central Air, Ductless
Water source
Public
Amenities
solar system
Building Details
Year built
1942
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Wood Siding, Stucco
Roof type
Composition
Architectural style
Cottage
Listing Agency:
Luxton Real Estate
Listed By:
Karlie Montgomery · License #01905914
(805) 391-0241
Added: Oct 15
Last Checked: Oct 16 at 6:06AM
MLS# NS26218448
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-residence property occupies a 0.1607-acre T3-N lot and contains 3,000 square feet across a 1942 main house, a studio, and a 1989 masonry building. The two-bedroom, one-bath main house has been remodeled and includes a walk-in basement. The 350-square-foot studio has a three-quarter bath and a mini-split. The masonry building contains two one-bedroom, one-bath residences; one received a comprehensive remodel in 2025, while the other has central heating and air conditioning. An owned 15.3 kW solar system and sub-meters serve the property.
The property is at 528 Oak Street in Paso Robles, within walking distance of downtown restaurants, banking, shopping, and recreation. Public water and sewer serve the site, and a garage is among the parking features. The main house can be delivered vacant or with tenants in place.
The property is at 528 Oak Street in Paso Robles, within walking distance of downtown restaurants, banking, shopping, and recreation. Public water and sewer serve the site, and a garage is among the parking features. The main house can be delivered vacant or with tenants in place.
Key Highlights
- Four residences on a 0.1607‑acre T3‑N lot
- 3,000 square feet across the main house, studio, and masonry building
- Owned 15.3 kW solar system with sub‑meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,731
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,620
$1.3M
Cap Rate 7%
$896,157
$896.2K
Cap Rate 9%
$697,011
$697.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$91.8K $30.60/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$89.6K $29.87/SF
− OpEx
−$26.9K −$8.96/SF
NOI
$62.7K $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%
$1,254,620
Cap Rate 7%
$896,157
Cap Rate 9%
$697,011
Alternative Uses
Best Use
Multifamily LT 5
$896.2K
$784.1K – $1.05M
NOI $62,731 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 5.04%
Theoretical Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,590 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,605
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences combine cottage-style living with a separate studio and a masonry building containing two one-bedroom homes.
Where is this quadplex located?
The property is located at 528 Oak Street Paso Robles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four residences on a 0.1607‑acre T3‑N lot; 3,000 square feet across the main house, studio, and masonry building; Owned 15.3 kW solar system with sub‑meters
