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 Details
Price:
$3,450,000
MLS #:
PI25074010
Status:
Active
Baths:
0
Address:
4900 San Palo Road
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
ATNorthwest20
Neighborhood:
atscatascadero
City:
Atascadero
Listed Date:
Mar 31, 2025
State:
CA
ZIP:
93422
Lot Size:
143,748 sqft / 3.30 acres (approx)
Year Built:
2000
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Cooling
Electric
Fireplace Features
None
Flooring
Laminate
Heating
Forced Air
Window Features
Double Pane Windows
Exterior
Community Features
Curbs, Foothills, Hiking, Park, Sidewalks
Electric
Electricity – On Property, Standard
Exterior Features
Satellite Dish
Fencing
Chain Link, Wire
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Level with Street
Parking Features
Assigned, Driveway, Concrete, Paved, Private, Uncovered
Parking Spots
28.00
Pool Features
None
Roof
Spanish Tile
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Resident Manager
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Hills, Trees/ Woods
Water Source
Private
Financial
Association Fee
0.00
Tenant Pays
See Remarks
Utilities
Cable Connected, Natural Gas Connected, Propane, Sewer Connected, Water Connected
Map
Community
- Address4900 San Palo Road Atascadero CA
- AreaATSC – Atascadero
- SubdivisionATNorthwest(20)
- CityAtascadero
- CountySan Luis Obispo
- Zip Code93422
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Courtesy of Invest SLO. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The California Company include the name of the listing broker. Neither the listing company nor The California Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 4900 San Palo Road
Atascadero, CA
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