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Leon Borunda

leon@fresyes.com +1(559) 779-6540

$895,000

Est. payment - /mo

3,497 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NS26100256

HOA Y/N No

Rental Info Month To Month

Year Built 2008

Lot Size 3,497 Sqft

Property Sub-Type Mixed Use

Property Description

INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a newer three unit, mixed-use building in the desirable Paso Robles Wine Region. Located on the main corridor in downtown San Miguel (9 miles North of Paso Robles), this outstanding income property is just a short walk North of the historic Mission San Miguel. Built just 20 years ago, this newer mixed-use building includes over 2,700 SF of ground-level commercial/retail space, together with two (2!) spacious, well-designed 2 bedroom, 2 bath residential apartments upstairs. Imagine the possibilities here. This is an ideal property for a 1031 exchange - currently 100% rented, generating over $5,000/month in income with long-term tenants (of 7 to 13 years). However, because each tenant is now on month-to-month agreements in anticipation of the sale, the building is also well suited for an owner-user who could have their business operations downstairs, occupy one of the two upstairs apartments, and rent out the other one for additional monthly income. The downstairs commercial space has high ceilings (10 - 12') and could potentially be split into two separate commercial units. Upstairs, you'll quickly realize these are not your average, run-of-the-mill apartments. Inside each unit you'll find open floorplans, 9 ft volume ceilings, recessed can lighting, spacious laundry rooms and lots of storage. You'll also find outdoor balconies on the front and back side of each unit (one off the living area and another off the primary bedroom of each unit). There is plenty of street parking, as well as a parking area in the back accessed via an alley easement. The entire building is fire sprinklered, and all three units have brand new HVAC systems (installed in 2026). The replacement cost of a building of this caliber is nearly 2X the asking price! Growth in San Miguel has been steady, and a new 180-unit development has been approved less than a mile away from this property. Could this be your next investment opportunity?!

Location

State CA

County San Luis Obispo

Area Smig - San Miguel

Interior

Interior Features Balcony, High Ceilings, All Bedrooms Up

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave

Laundry Inside

Exterior

Exterior Feature Rain Gutters

Parking Features Other, On Street

Pool None

Community Features Park, Rural

View Y/N Yes

View Mountain(s)

Roof Type Composition

Private Pool No

Building

Lot Description Near Public Transit, Street Level, Zero Lot Line

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 021141012

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

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Listed by Scott Ehrke GUIDE Real Estate 805-391-0509, DRE #01012637

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Leon Borunda

+1(559) 779-6540

Realtor | License ID: 01818465

Realtor License ID: 01818465

1470 Mission ST San Miguel, CA 93451

Leon Borunda

Key Details

Location

Interior

Exterior

Building

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