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503 Oak, Paso Robles, CA 93446

$1.25M3bd · 3ba · 1,942 sqft
Lot 6,970 sqft•Single Family Residence•
Active
•25d on market•MLS# NS-26203242

Property 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.

Features & Amenities

FeeBuilt 1920

Property Details

Land Type
Fee
Year Built
1920
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air, Electric
City
Paso Robles
Zip Code
93446
County
San Luis Obispo
Listed byLuxton Real Estate, Karlie Montgomery

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,320.68
Principal & Interest
Loan Amount
$1,000,000
Total Interest
$1,275,445
Total Payment Over 30 Years
$2,275,445
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

503 Oak, Paso Robles, CA 93446

Paso Robles · Single Family Residence

$1.25M
Residential Tier
Beds
3
Baths
3
Sqft
1,942
Lot
6,970 sqft
Year
1920
$/Sqft
$644
Pool: No✓
Garage: 2-car✓

Listed 56.3% above the median closed sale of $799,990. Price per sqft ($644) is a 42% premium to closed comps ($453). Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.25M· $644/sqft
Total list price
Closed comps
vs closed median $800K
+$450K (+56.3%)
Active comps
vs active median $779K
+$471K (+60.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $426
+$218 (+51.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3519 Vineyard Hill RoadPaso Robles2026321,7746,900$468$830,990585
1145 Woodhaven CourtPaso Robles1989331,6986,000$471$799,0002085
427 Olive StreetPaso Robles2005331,7218,500$407$699,995384
1754 BrahmaPaso Robles2006321,7636,509$442$779,0008283
2642 Bridle TrailPaso Robles1991321,7126,000$342$585,0003182
Total: 5 · Average3.02.41,733.66,781.8$426$738,79728.2
Median1,721$779,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1844 VinePaso Robles192008/31/2026431,6777,000$850,000$869,000$5181.025289
3731 Siembra RoadPaso Robles202509/21/2026332,1556,600$1.04M$1.05M$4881.0127887
1031 RachelPaso Robles198409/28/2026321,7436,970$699,900$715,000$4101.027285
1160 Mazzini RoadPaso Robles202609/08/2026321,7746,600$799,990$799,990$4511.0013084
905 InvernessPaso Robles198909/18/2026321,7546,300$715,000$700,000$3990.984283
Total: 5 · Average3.22.41,820.66,694$827,107$827,107$453.2—114.8
Median1,754$799,990$799,990

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.