$1,005,000
$1,040,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
1,987 SqFt
SOLD DATE : 07/03/2024
Key Details
Sold Price $1,005,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,987 sqft
Price per Sqft $505
Subdivision Pr City Limits West(120)
MLS Listing ID SC24088382
Sold Date 07/03/24
HOA Y/N No
Year Built 1918
Lot Size 7,000 Sqft
Acres 0.1607
Property Description
Located on a coveted street in downtown Paso Robles, 1405 Chestnut St represents an exceptional investment opportunity teeming with rental potential. This property showcases an updated main home, boasting timeless architecture, alongside an attached studio unit and a detached ADU.
The main home, a charming 2-bedroom, 1-bath abode, radiates comfort and character, making it suitable for both long-term and short-term rentals (ensure compliance with local regulations). Meanwhile, the attached unit offers added flexibility to meet the diverse needs of the Paso Robles market. Although the detached ADU requires some attention, it presents an exciting opportunity for renovation and increased rental income.
Envision yourself on the front porch, relishing the enchanting Paso Robles evenings with a glass of local wine in hand, engaging in pleasant conversations with neighbors enjoying their evening strolls. Positioned in downtown Paso Robles, this property grants effortless access to lively shops, eateries, and entertainment venues.
Whether you're a seasoned investor or a first-time buyer eager to capitalize on rental income, this property brims with potential. Seize this opportunity and make 1405 Chestnut St your next investment venture.
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Zoning R1
Rooms
Ensuite Laundry In Kitchen
Interior
Interior Features All Bedrooms Down
Laundry Location In Kitchen
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Laundry In Kitchen
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Suburban
View Y/N Yes
View Neighborhood
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 009021027
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac
Financing Cash
Special Listing Condition Standard
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Bought with Alessandra McGuckin • RE/MAX Success
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "