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.
SC24049595
Single Family, 1 Story
5
San Luis Obispo
3 Full
1918
0.1607
Acres
Public
1
Public Sewer
1,987
Sq. Ft.
Yes
- 1
space
School Information
Paso Robles Joint Unified
Bathrooms
3
Total:3
Detailed Room Information
- Bedroom(s)
- Main Level: 3, Total: 5
- Family Room
- Fireplace
- Laundry
- In Kitchen
Interior Features
- Cooling
- Central Air
- Heating
- Other. Central.
- Common Walls
- No Common Walls
- Entry Location
- Street
- Fireplaces
- Family Room.
- Additional Interior Features
- All Bedrooms Down
Exterior / Lot Features
- Parking
- 1 Garage Spaces. 1 Parking Spaces. 0 Covered Parking Spaces.
- Pool Description
- None
- Lot View
- Other
- Zoning
- R1
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Financial Considerations
009021027
Cash, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac
Washer and Dryer in Back ADU
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