4900 San Palo Road, Atascadero, CA 93422 - Berkshire Hathaway HomeServices California Properties
4900 San Palo Road Atascadero, CA 93422
$3,450,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# PI25074010
List price is $3,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 2000
1 story
3.30 acres
Lot size: 3.3000
Subdivision: ATNorthwest(20)
County: San Luis Obispo
Property style: Spanish
Zoning: CR
Construction: Stucco
Interior features: All Bedrooms Down,Bedroom on Main Level,Main Level Primary
Appliances: Gas Oven,Gas Range,Microwave,Refrigerator,Water Heater
Parking description: Assigned,Concrete,Driveway,Paved,Private,Uncovered
Lot description: TwoToFiveUnitsAcre,Street Level
Heating/cooling: Electric
Heating description: Forced Air
MLS area: ATSC - Atascadero

Last Updated: 4/12/2025

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This listing belongs to the ATSC - Atascadero MLS area

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The style of this listing is Spanish.
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Lat/Long: 35.494871, -120.682223.
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Listing Agent: Abel Contreras
Lic#: 01234982
Office Name: Mission Viejo

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