Listing by: Scott Ehrke, RE/MAX Success, 805-391-0509

3 Beds

2 Baths

1,230 SqFt

Active

WESTSIDE PASO ROBLES INVESTMENT OPPORTUNITY! You're sure to love this charming bungalow, sitting on an elevated 1/4 acre just blocks from dozens of eateries and wine tasting rooms in downtown Paso Robles! This vintage residence is not only full of character, but also many tasteful and modern updates! You'll find recent vinyl dual-pane windows, luxury vinyl plank 'wood' floors, upgraded doors, hardware and baseboards, quartz counters atop newer cabinets, stainless appliances, custom tilework backsplash and shower surround and even modern central HVAC. Sure, at nearly 80 years old, it has its quirky features, like the missing closets in 2 of the 3 bedrooms, or the space saving 'powder laundry' where you can do your laundry and other important business very efficiently at the same time! But the positives like the HUGE covered front porch sitting high above the street level make the quirks work! Now for the BONUS ROUND, because there is a lot more to this offering than just a charming old home close to downtown Paso. The 1/4 acre parcel is zoned T4-N, and has plenty of room for added opportunity. For example, this sale includes turn-key, ready to go building plans for two additional units - with city construction permits ready to pick up! You could start construction on a duplex on the back of this parcel upon close of escrow. Engineering - done. Design work - done. Final permit fees - nope, not yet (that one is on you). Instead of spending months of your life in design, engineering and planning, you can spend it doing things you like more like wine tasting, attending sporting events... and of course world travel ;). Plus, it is in a Federally designated 'Opportunity Zone'! (Google it - it's a BIG DEAL if you plan to develop additional units and like tax savings)! If you're not into multi-family units and collecting rent checks, maybe you could utilize the oversized lot for building a shop/garage for your automotive or business interests, or even developing your own private 9 hole mini-golf course (whatever floats your boat, right!). INVESTORS, please note - this home is tenant occupied and the tenants would LOVE to stay. They pay $2,400 per month in rent, and their lease ends in June, but they would be happy to extend for a year (or few!).

Property Details
Price $620,000
Bedrooms 3
Full Baths 1
Half Baths 1
Total Baths 2
Property Style Bungalow
Lot Size Area 11200
Lot Size Area Units Square Feet
Acres 0.2571
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Features Block Walls
Year Built 1944
Subdivision PR City Limits West(120)
View Hills,Neighborhood,See Remarks
Roof Composition
Heating Central
Lot Description Lot 10000-19999 Sqft
Laundry Features Inside
Pool features None
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions Get on Pine Street and go between 20th and 21st Street. This property is on the west side of Pine.
County San Luis Obispo
Latitude 35.635762
Longitude -120.689901
Market Area PRIC - PR Inside City Limit
Address Information
Address 2029 Pine Street, Paso Robles, CA 93446
Postal Code 93446
City Paso Robles
State CA
Country United States
Listing Information
Listing Office RE/MAX Success
Listing Agent Scott Ehrke
Listing Agent Phone 805-391-0509
Buyer Agency Compensation 2.500
Attribution Contact 805-391-0509
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
School Information
District Paso Robles Joint Unified
MLS Information
Days on market 69
MLS Status Active
Listing Date Feb 23, 2024
Listing Last Modified May 2, 2024
Tax ID 008228017
MLS Area PRIC - PR Inside City Limit
MLS # NS24038094

This information is believed to be accurate, but without any warranty.
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