Homes for sale - 4900 San Palo RD, Atascadero, CA 93422

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Ben Dodge

Real Estate Professionals

bendodge@kw.com +1(408) 829-1074

Listed by Abel Contreras • Invest SLO

$ 3,450,000

Est. payment | -/mo

3.3 Acres Lot

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$ 3,450,000

Est. payment | -/mo

Save

3.3 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPI25074010

Style Spanish

Year Built 2000

Lot Size 3.300 Acres

Source California Regional MLS

Property 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.

Location

State CA

County San Luis Obispo

Area Atsc - Atascadero

Rooms

Kitchen Microwave, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Forced Air

Cooling Central Forced Air - Electric

Flooring Laminate

Laundry Other

Exterior

Parking Features Assigned Spaces, Private / Exclusive, Other, Uncovered Parking

Garage Spaces 28.0

Pool 31, None

View Hills, Forest / Woods

Roof Type Tile

Building

Lot Description Grade - Level

Story One Story

Foundation Concrete Slab

Water Hot Water, Private

Architectural Style Spanish

Others

Tax ID 049225017

Special Listing Condition Not Applicable

GET MORE INFORMATION

Ben Dodge

REALTOR® | Lic# DRE 01959374

bendodge@kw.com

+1(408) 829-1074

16780-A Lark Ave. Los Gatos, CA, 95032

4900 San Palo RD Atascadero, CA 93422

Ben Dodge

Key Details

Location

Rooms

Interior

Exterior

Building

Others

4900 San Palo RD