4900 San Palo Road

Atascadero, CA 93422

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,952 Sqft
  • 143748
    Sqft(Lot)
$3,450,000

Description

Offering mission cottages - a 100% occupied 12-unit multifamily complex with opportunity for stabilized rent growth. average rents for one-bedroom units are $1,866.36/month. desirable mix of 11 one-bedroom one-bath units and 1 two-bedroom one-bath single-family residence home. current cap rate above 5% and with some value add, investors can stabilize above a 6% cap rate. all units are fully renovated and rented on a month-to-month basis. the property has been rezoned for mixed use and can be operated as a long-term rental, short-term vacation rentals, and can even have a commercial component. the booming atascadero submarket has convenient access to wine country, employment offerings, and a 20-minute commute to san luis obispo and 10 minutes to paso robles. investors can capitalize on strong projected organic rent growth created by increased housing demand in the north slo county.

  • Property Type

    Residential Income

  • County

    San Luis Obispo

  • Style

    Spanish

  • AD ID

    49340694

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Property Details

  • Water/Sewer

    • Water Source : Private
    • Sewer : Public Sewer

    Interior Features

    • Roof : Spanish Tile
    • Interior Features: All Bedrooms Down,Bedroom on Main Level,Main Level Primary
    • Windows: Double Pane Windows
    • Property Appliances: Gas Oven,Gas Range,Microwave,Refrigerator,Water Heater
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • Electric
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2000
    • Building Area Total: 5,952
    • Construction: Stucco
    • Roof: Spanish Tile

    Foundation

    • Slab

    Security Features

    • Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Inside

    Fencing

    • Chain Link,Wire

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 3.3
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 143748

  • Listing Price Information

    • Original List Price: 3,450,000
    • Listing Contract Date: 2025-03-31

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 049225017

  • Garage and Parking

    • Garage Description: Assigned,Concrete,Driveway,Paved,Private,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: See Remarks

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: ATSC - Atascadero
    • Postal Code Plus 4: 2437
    • Directions: Start on US-101 N, take exit 220B onto San Anselmo Rd, turn left onto San Anselmo Rd, turn left onto San Palo Rd, the destination is on your right.
    • Zoning: CR
    • Source Property Type: Residential Income
    • Area: ATSC - Atascadero
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 25
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled,Turnkey
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Front Door
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/15/2025 @ 08:34

  • MLS: PI25074010
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,952 sqft, 143,748 sized lot, and 0 parking. are nearby neighborhoods.