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  • 503 Oak

503 Oak, Paso Robles, CA 93446

$1,250,000 Approx. USD 3 beds, 3 baths
1,942 sqft

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Photo of Lisa Cooper

Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com Text Me
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Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
Phone: 949-443-2000
Fax: 949-443-2209
 Monarch Beach 2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
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Fax: 949-443-2209
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Listing Agent


Karlie Montgomery | karliemont@yahoo.com
Lic#: 01905914
Broker: Courtesy of Luxton Real Estate
Phone: 805-391-0241

Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# NS26203242
Price: $1,250,000
HOA Fee is $0.00
Beds: 3
Baths: 3 (2 full)
Family Room fireplaces
Built in 1920
1,942 sqft
1 story
0.16 acres
Lot size: 0.1600
Subdivision: PR City Limits West(120)
County: San Luis Obispo
Interior features: All Bedrooms Down
Appliances: Dishwasher,Disposal
Lot description: Corner Lot
Heating/cooling: Central Air,Electric
Heating description: Forced Air
MLS area: PRIC - PR Inside City Limit

Last Updated: 9/18/2026

 Days On Market (DOM): 8

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This listing belongs to the PRIC - PR Inside City Limit MLS area

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Lat/Long: 35.619440, -120.692415.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lisa Cooper

Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com Text Me
Call My Cell
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com
Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
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