503 Oak , Paso Robles, CA 93446
$1,250,000
Est. Payment: $6,818.37/mo
3 Bed
3 Bath
1942 Sqft
0.16 Acres
Status: Active | Days on site: 2
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NS01905914 - PRMONTK
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House Description

Updated and Remodeled Downtown Income Pair with Two Transferable Vacation Rental Licenses. On a corner lot in the heart of historic Paso Robles sits a rare pairing: two updated homes, two transferable vacation rental licenses, and the freedom to run them together for group stays or apart for two income streams. The 6,970 square foot lot offers ample parking, low maintenance landscaping, a detached two car garage, and a storage shed with the bones to become an office or studio. The primary residence is a 1920s Craftsman, two bedrooms and two baths, remodeled to bring period charm up to today's standards. A landscaped walkway leads to a covered country porch, and hardwood floors carry through a warm living room, into the dining room, and out to a sun filled sunroom. The kitchen anchors the home: Blue Point professional appliances, stainless accents, butcher block counters, and a white subway tile backsplash, with laundry and direct backyard access close by. Both bedrooms are generously sized, the baths are finished with care, and a large basement leaves room for a wine cellar or future expansion. The second home, a one bedroom, one bath ADU, has its own private entrance and a quiet fenced backyard, a bright retreat suited to short term guests or visiting family. Two addresses, one lot, and licensing already in place. This is a chance to own a downtown Paso Robles income property that's been done right, with the flexibility to shape it around exactly how you want to use it.

Highlights

Listed by Karlie Montgomery , 805-391-0241 Luxton Real Estate , 805-391-0241. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.16

Year Built

1920

County

San Luis Obispo

Area

PRIC - PR Inside City Limit

Neighborhood

PR City Limits West(120)

School District

Paso Robles Joint Unified

Listing ID

NS26203242

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 3/4 Bathrooms:1
Appliances:Dishwasher, Disposal
Air Cond:Central Air,Electric
Fireplaces:Family Room
Other:
  • ▪ Additional:All Bedrooms Down
Water:Public

Exterior Features

Lot:Corner Lot,No Land Lease
Garage Capacity:2
Others:
  • ▪ Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$6,818
Taxes
$797

Home Price

$1,250,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$250,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,818.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,818.37 $796.88 $0.00 $7,615.25
Yearly $81,820.46 $9,562.50 $0.00 $91,382.96
Total $2,454,613.83 $286,875.00 $0.00 $2,741,488.83

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Paso Robles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T23:12:49.000Z

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