503 Oak ST, Paso Robles, CA 93446 (MLS # NS26203242)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/16/2026 |
|---|---|---|---|
| TRACT | PR City Limits West(120) | YEAR BUILT | 1920 |
| COMMUNITY | PRIC - PR Inside City Limit | GARAGE SPACES | 2.0 |
| COUNTY | San Luis Obispo | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal |
| AREA | PRIC - PR Inside City Limit |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 6970 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | PR City Limits West(120) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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