125 Spring ST PASO ROBLES CA 93446 | MLS NS19015040MR

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!

Property Details

Price:
$6,950,000
MLS #:
NS19015040MR
Status:
Active
Address:
125 Spring ST
Type:
Residential Income
City:
PASO ROBLES
Listed Date:
Jan 24, 2019 (23 days)
State:
CA
Square Ft (approx):
0
ZIP:
93446
Lot Size:
88,862 sqft / 2.04 acres (approx)
Year Built:
1941

Schools

Interior

Amenities
pool
CookingAppliances
Oven-Gas, Range
Cooling
Wall/Window
Heating
Wall
Laundry
Community, Inside, Laundry Area

Exterior

CommonWalls
Attached
CommunityFeatures
Curbs, Gutters, Sidewalks, Street Lighting, Suburban, Urban
ExteriorConstruction
Stucco
ParkingGarage
Assigned, Circular Driveway, Parking Space, Private
PoolDescription
Fenced, Heated, In Ground, Private, Solar Heat
Roof
Tile
Style
Spanish

Financial

LandLeaseType
Fee

Map

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2019-02-16.
125 Spring ST
PASO ROBLES, CA