Adorable Westside house + studio ADU and separate duplex! Located just a few blocks South of the vibrant Paso Robles downtown district, this offering includes a tastefully remodeled 2 bedroom, 1 bath 1940's home, a modest studio unit, and a sizable and newer block-construction building with two additional residential units. All together, there are 4 units on this street-to-alley T3-N (multi-family) lot - all within short walking distance to restaurants, banking, shopping and recreation. Property also includes a recently installed 15.3 Kw (owned) solar power system, providing additional monthly revenue to the property owner. Please note that the photos of the house were taken approx. 2-3 years ago, prior to the current tenant moving in (the house will be vacated and freshened back up by Nov 1). About the home, it had a very elaborate remodel completed within the last 3 years, including all new kitchen and bath appointments, floor and wall coverings (hand-troweled drywall for a contemporary touch), windows, doors and hardware, plumbing, HVAC, etc. At approx. 800SF, it is cozy, but absolutely cute as a button! It also has a spacious walk-in basement - ideal for storage or to develop an ultimate wine cellar! Whether you choose to rent it again, live in it as your full time residence or use it as a second home in Paso wine country, it will treat you well. Behind the home is a vintage (70ish year old) 350SF Studio unit, currently rented to a long-term tenant at $800/month. It includes a 3/4 bath, fun tongue & groove pine ceiling and wall details, and a recently installed Mini-split HVAC. And then there is the duplex, accessed off the alley. This 36' x 50' structure was built in 1989 and includes two LARGE 1-bedroom units (est. 900SF each) with voluminous (16' tall) attached garages. One of the tenants has been here for 18 years now, while the other has been here just a year and a half ($1,389 and $1,400/mo respectively). The tenants seem to gel cohesively, which is nice with a multi-unit property. Together with the solar power income, this property generates approx. $3,700/mo (that is WITHOUT the front house, presuming you chose to live in it yourself). Add another $1,800+ if you rent it out as well. T3-N zoning DOES allow for vacation rental use although some property changes and a license would be required. Please note the Bedrooms/Bath count and SqFt is a COMBINED count. Offer deadline is Wed, 11/3/2021 at 5pm.
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