125 Spring Street
Paso Robles, CA 93446

Description

Situated at the gateway to Paso Robles, this complex was made famous by Marilyn Monroe & Joe DiMaggio staying here on their honeymoon night when it was a motel! Later converted to a 45 unit apartment complex featuring one bedroom & two bedroom units with a pool. One of the most recognized complexes in the area featuring clean, well maintained units! A sought after location due to easy access to Highway 101 South on ramp and the Niblick Bridge connecting tenants directly to Albertson's, Walmart, Kohl's, Big 5, JC Penney and more! Numerous upgrades including a full repaint in 2018. Onsite managers provide 17 years of complex knowledge. 45 apartment units, onsite manager's unit with connecting manager's office, pool equipment room, separate storage room, and detached four car garage. All units include a refrig and stove. Pool was resurfaced recently. A premier complex in a premier location that qualifies for Opportunity Zone Tax Incentives as designated by Congress in the Tax Cut and Jobs Act to innovate investors! Don't miss your opportunity to buy a great investment!

Details

MLS#NS19015040
Sub-TypeResale
StatusActive
Year1941
Days On Site22

Features

Units45
Building(s)1

Market Activity 93446

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Area Information

StateCA
CountySan Luis Obispo
CityPaso Robles
Zip Code93446
AreaPRIC - PR Inside City LimitPRIC - PR Inside City Limit
Listing VS Median (in 93446)
Price:
$6,950,000
low | high
Med:
$475,000
100% of Average
On Site:
22
low | high
Med:
221
9.954751131222% of Average
Listing Updated: 02/14/2019
MLS Number: NS19015040
Listing Provided By:
Gwen Erskine  of  Country Real Estate Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.