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$995,000
Est. payment /mo
4 Beds
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Atnorthwest(20)
MLS Listing ID SC25148070
Bedrooms 4
Lot Size 0.407 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
MASSIVE PRICE IMPROVEMENT! Dont Miss This Unbeatable Investment Opportunity! Now is the time to act on this incredible value in one of Atascaderos most desirable locations! Whether you're a savvy investor, experienced developer, or someone with a vision, this property is now priced to MOVEand 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 facilitiesall behind the existing home. Thats 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, youll 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 Downtownplus less than 15 minutes to the beach and Central Coast wine countrythis 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
Zoning Public Rec
Direction Morro Road/CA-41 West, Turn Right on Atascadero Avenue
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 030282015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Lindsey Harn Christie's International Real Estate Sereno
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