
503 Oak, Paso Robles, CA 93446
503 Oak, Paso Robles, CA 93446
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
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Paso Robles · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3519 Vineyard Hill Road | Paso Robles | 2026 | 3 | 2 | 1,774 | 6,900 | $468 | $830,990 | 5 | 85 |
| 1145 Woodhaven Court | Paso Robles | 1989 | 3 | 3 | 1,698 | 6,000 | $471 | $799,000 | 20 | 85 |
| 427 Olive Street | Paso Robles | 2005 | 3 | 3 | 1,721 | 8,500 | $407 | $699,995 | 3 | 84 |
| 1754 Brahma | Paso Robles | 2006 | 3 | 2 | 1,763 | 6,509 | $442 | $779,000 | 82 | 83 |
| 2642 Bridle Trail | Paso Robles | 1991 | 3 | 2 | 1,712 | 6,000 | $342 | $585,000 | 31 | 82 |
| Total: 5 · Average | 3.0 | 2.4 | 1,733.6 | 6,781.8 | $426 | $738,797 | 28.2 | |||
| Median | 1,721 | $779,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1844 Vine | Paso Robles | 1920 | 08/31/2026 | 4 | 3 | 1,677 | 7,000 | $850,000 | $869,000 | $518 | 1.02 | 52 | 89 |
| 3731 Siembra Road | Paso Robles | 2025 | 09/21/2026 | 3 | 3 | 2,155 | 6,600 | $1.04M | $1.05M | $488 | 1.01 | 278 | 87 |
| 1031 Rachel | Paso Robles | 1984 | 09/28/2026 | 3 | 2 | 1,743 | 6,970 | $699,900 | $715,000 | $410 | 1.02 | 72 | 85 |
| 1160 Mazzini Road | Paso Robles | 2026 | 09/08/2026 | 3 | 2 | 1,774 | 6,600 | $799,990 | $799,990 | $451 | 1.00 | 130 | 84 |
| 905 Inverness | Paso Robles | 1989 | 09/18/2026 | 3 | 2 | 1,754 | 6,300 | $715,000 | $700,000 | $399 | 0.98 | 42 | 83 |
| Total: 5 · Average | 3.2 | 2.4 | 1,820.6 | 6,694 | $827,107 | $827,107 | $453.2 | — | 114.8 | ||||
| Median | 1,754 | $799,990 | $799,990 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.