Opening page…
Closed
- Listed price
- $1,795,000
- Listed Jun 21, 2019
- Sold price
- $1,695,000
- Sold Jan 31, 2020
22,650 sqft lot|1950 Built|166 MLS days on market
3440 Spring St, Paso Robles, CA 93446
Property Description
Fantastic Investment Opportunity in Paso Robles! This 12 Unit Complex was once used as a local Motel, but is currently functioning as fully occupied apartments! Great 7+ CAP Rate! Included on the property is a 2bd/1ba home plus Office, 5- 1 "Bedroom" Units, 6- Studio Units, large workroom/storage above unit 12, and on site coin-op laundry! Unit #'s 6-9 have fenced backyards and all 12 Units have assigned parking. All units have separate sub-meters, allowing the property owner to charge tenants for their own electricity use. There is a large marquee sign for "Spanish Oaks Apartments" displayed at the entry. Newer roofs, have been installed on all multi-unit buildings and newer paint. This property has a long term history of no-vacancy and is a turnkey investment opportunity.
Listing agent: Maci UmbertisDRE #01784326macisells@gmail.com, Listing office: RE/MAX Parkside Real Estate
MLS data updated 10/22/2026, 8:47:12 PM PT
Source: CRMLSMLS #: NS19145903
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,695,000
Jan 31, 2020
Available records32019–2020
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93446 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 93446 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
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MLS records may be incomplete. Earlier asking prices are not sale prices.