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125 Spring St
Paso Robles, CA 93446
Clifton Apartments · Multifamily Property For Sale
·
45 Units
PROPERTY FACTS
| No. Units | 45 | Building Size | 67,947 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1941 |
| Building Class | C | Parking Ratio | 0.96/1,000 SF |
| Lot Size | 2.04 AC | ||
| Zoning | R3 | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 67,947 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Oven
- Family Room
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Wi-Fi
- Key Fob Entry
ABOUT 125 SPRING ST , PASO ROBLES, CA 93446
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!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $675.00 | 450 |
| 1+1 | 33 | $761.00 | 550 |
| 2+1 | 10 | $953.00 | 680 |
PROPERTY TAXES
| Parcel Number | 009-287-003 | Improvements Assessment | $1,477,640 |
| Land Assessment | $862,239 | Total Assessment | $2,339,879 |
PROPERTY TAXES
