503 Oak Street

Property Description

503 Oak Street & 529 5th Street, Paso Robles ** Two Transferable Vacation Rental Licenses with Ample Parking. Nestled in historic Downtown Paso Robles, this property presents an enchanting duo of homes. Both homes hold transferable vacation rental licenses, offering the versatility to either rent them together for an ideal outdoor entertainment experience or separately, each featuring its own charming fenced outdoor space for relaxation.

This exceptional opportunity invites you to become the owner of a captivating Craftsman-style residence dating back to the 1920s, complemented by an additional dwelling unit (ADU) that can be seamlessly utilized for short-term rentals or as inviting guest accommodations. Set upon an expansive 6,970 square-foot corner lot with ample parking, the property boasts meticulously designed landscaping, thoughtfully emphasizing low-maintenance living. 503 Oak Street, the primary residence, showcases two generously appointed bedrooms and one bathroom.

As you approach the inviting front walkway, with its beautifully maintained landscaping, the property’s curb appeal is immediately striking. A welcoming covered country porch entices relaxation while providing scenic neighborhood views. Stepping inside, you’ll encounter the perfect fusion of 1920s charm and modern upgrades.

The living room exudes warmth and hospitality, boasting hardwood flooring that flows gracefully into the dining room. An inviting glass door leads to a sun-drenched sunroom, and an abundance of windows throughout the home bathes the interior in natural light. The spacious, remodeled kitchen is a chef’s delight, equipped with professional Blue Point appliances, stainless steel accents, butcher-block countertops, and a classic white subway tile backsplash.

It seamlessly connects to a convenient laundry room with backyard access. Both bedrooms offer ample space, and the bathroom is elegantly appointed. A substantial basement presents endless possibilities, including the potential for a wine cellar.

529 5th Street, the second unit, adds to the property’s allure, featuring one bedroom, one bathroom, a private entrance on 5th Street, and a tranquil backyard retreat. This well-appointed space serves as a cozy and luminous hideaway. Further enhancing this offering, you’ll find a detached two-car garage and a versatile storage shed that can easily transform into an office or art studio.