The Grandview Apartments in Paso Robles offer an investor the rare opportunity to add value to a sizable asset in a premiere California inland coastal location. The 54-unit property in 6 garden-style buildings, is prominently situated on a 2.8-acre parcel at Paso Robles ''gateway'' entry corner. Unit mix 42 x 2/1, 8 x 1/1, 4 x 3/1. Flexible TC-2 zoning allows for creative value-add possibilities. The complex is surrounded by new commercial development and is a few blocks to charming downtown Paso Robles. Take advantage of this top location within one of California's most desirable tourist destinations to profitably re-position for a higher cap rate for the long term, or consider the favorable zoning as an avenue for a major transformation.
|Last Updated||3/14/2017||Tract||PR City Limits West|
|Year Built||1953||Community||PR Inside City Limit|
|County||San Luis Obispo||Walk Score ®||57|
|Prior to Feb 21, '17||$11,300,000|
|Feb 21, '17 - Today||$10,950,000|
|AIR CONDITIONING||Window/Wall Unit|
|ASSOCIATION||Santa Ynez AOR|
|PROPERTY SUBTYPE 1||Multi-family|
|ROOF DESCRIPTION||Comp Shingle|
|SEWER AND WATER||Water-Cty/Util|
|ZONE DESCRIPTION||See Remarks|
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Date last updated: 3/28/17 3:01 AM PDT
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