714-745-2708

1434 1436 Pine Street, Paso Robles, CA 93446

$945,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Robert Sousa | Robert.sousa@compass.com
Lic#: 01774193
Broker: Courtesy of COMPASS
Phone: 805.460.3000

Agent Remarks

A rare downtown Paso Robles investment and redevelopment opportunity just two blocks from Downtown City Park. Located within a federally designated Opportunity Zone, this approximately 7,000 sq. ft. TC-2 zoned property offers a unique combination of rental income, central downtown location, and previously approved plans for future redevelopment. The existing improvements include three residential rental units with a mix of one- and two-bedroom configurations, generating approximately $70,680 in annual gross rental income. That income provides value during a buyer’s planning and holding period while evaluating the next phase of the property. Previously approved plans envision a new four-unit residential project consisting of two +/- 1,500 sq. ft. 3-bedroom, 2.5-bath residences and two +/- 1,250 sq. ft. 2-bedroom, 2.5-bath residences, together with a subterranean four-car garage designed to accommodate up to eight vehicles with tandem parking. The redevelopment concept takes advantage of the site’s downtown setting and dual frontage along Pine and Railroad Streets. Beyond the income and redevelopment potential, the location is a major part of the opportunity. Paso Robles’ Downtown City Park, Michelin-starred restaurants, tasting rooms, shopping, and other amenities are all nearby, making this a site with both immediate utility and long-term growth potential. For an investor or developer looking for a downtown Paso Robles property with income in place, Opportunity Zone positioning, and an established redevelopment concept, 1434/1436 Pine Street offers a combination that is increasingly difficult to find.

Listing Details

Property type: Triplex (Multi-Family)

Status: Active

MLS# NS26193449

Price: $945,000

Beds: 0

Baths: 0

None fireplaces

Built in 1910

1 story

0.16 acres

Lot size: 0.1607

Subdivision: PR City Limits West(120)

County: San Luis Obispo

Property style: Bungalow

Construction: Lap Siding,Stucco

Lot description: Sloped Down

Heating/cooling: Wall/Window Unit(s)

Heating description: Combination,Wall Furnace

MLS area: PRIC - PR Inside City Limit

Last Updated: 9/14/2026

Days On Market (DOM): 29

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This listing belongs to the PRIC - PR Inside City Limit MLS area

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The style of this listing is Bungalow.
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Lat/Long: 35.629635, -120.688705.
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