4 Beds
2 Baths
1,583 SqFt
4 Beds
2 Baths
1,583 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,583 sqft
Price per Sqft $628
Subdivision Atnorthwest(20)
MLS Listing ID SC25135804
Bedrooms 4
Full Baths 2
Construction Status Building Permit,Turnkey
HOA Y/N No
Year Built 1954
Lot Size 0.407 Acres
Property Sub-Type Single Family Residence
Property Description
Now is the time to act on this incredible value in one of Atascadero's most desirable locations! Whether you're a savvy investor, experienced developer, or someone with a vision, this property is now priced to MOVE—and the potential here is simply unmatched.
Located on a spacious prime corner lot, this property comes with approved plans to build eight 2-bedroom, 1-bathroom apartment units, plus upstairs and downstairs laundry facilities—all behind the existing home. That's right: plans and a bid package are already in place, making it seamlessly ready for development. Opportunities like this are extremely rare, especially at this new price point!
The front residence is a well-maintained 4-bedroom, 2-bathroom home currently generating $3,600/month in rental income. Inside, you'll find thoughtful upgrades including dual-pane windows, laminate wood flooring, updated stucco exterior, stamped concrete patio and walkways, and low-maintenance landscaping. The open-concept layout and modern finishes make the home both stylish and functional.
Situated in highly sought-after West Atascadero, just moments from the Atascadero Lake, Charles Paddock Zoo, Stadium Park, and Downtown—plus less than 15 minutes to the beach and Central Coast wine country—this location checks every box.
Whether you're looking to build out your portfolio, generate long-term rental income, or live onsite while developing, this is your moment.
Big Price Drop. Bigger Potential. Schedule your showing today before this rare opportunity is gone!
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning MF20
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level, Walk-In Closet(s)
Heating Forced Air
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Parking Features RV Access/Parking, One Space
Pool None
Community Features Biking, Hiking, Lake, Park
View Y/N Yes
View Neighborhood
Roof Type Composition
Accessibility None
Porch Concrete, Patio
Private Pool No
Building
Lot Description Corner Lot, Sprinklers In Rear, Sprinklers In Front, Street Level
Dwelling Type House
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Building Permit,Turnkey
Schools
School District Atascadero Unified
Others
Senior Community No
Tax ID 030282015
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Virtual Tour https://properties.aspectvisuals.co/mls/198429936
GET MORE INFORMATION
Broker Associate | Lic# 01905244