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2029 Pine Street

Paso Robles, CA 93446
  • $620,000
  • STATUS: Active Under Contract
  • ON SITE: 90 Days
  • MLS #: NS24038094
Under Contract
UPDATED: 164 min ago
$620,000
  • 3
    BEDS
  • 0.26
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,230
    SQFT
  • $504
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1944
County:

School Ratings & Info

School District:
Listing Agent(s): Scott Ehrke of RE/MAX Success (805-434-2737)


Description

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!).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T16:36:14.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/147906457
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2029 Pine Street Paso Robles, CA 93446

  • Price: $620,000
  • Status: Active Under Contract
  • On Site: 90 Days
  • Updated: 164 min ago
  • MLS #: NS24038094
3
Beds
1
Baths
1
½ Baths
0.26
Acres
1,230
SQFT
$504
$/SQFT
1944
Built
Neighborhood:
Pr City Limits West(120)
County:
San Luis Obispo
Area:
Pric - Pr Inside City Limit
School District:
Paso Robles Joint Unified
Property Description
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!).
Exterior Features

Architectural Style Bungalow Construction Materials Stucco Entry Level 1 Entry Location Front Other Structures Shed(s) Parking Total 0 Patio And Porch Features Covered Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Sign On Property YN Yes Spa Features None Spa YN No View HillsNeighborhood View YN Yes

Interior Features

Appliances DishwasherGas RangeMicrowave Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetSee RemarksTileVinyl Heating Central Heating YN Yes Interior Features Block WallsAll Bedrooms Down Main Level Bathrooms 2 Main Level Bedrooms 3 Window Features Double Pane WindowsSkylight(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Contingency Contingent upon close of escrow of seller's replacement property (currently in escrow)and buyer's cooperation with seller's 1031 tax-deferred exchange. Garage YN No Inclusions Built-insshednon-tenant owned appliances (details to follow) Land Lease YN No Laundry Features Inside Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange New Construction YN No Possession See Remarks Property Condition Updated/Remodeled Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning T4N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T16:36:14.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Scott Ehrke of RE/MAX Success (805-434-2737)