4900 San Palo RD new Save Request In-Person Tour Request Virtual Tour
Atascadero,CA 93422
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Atnorthwest(20)
MLS Listing ID PI25074010
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 2000
Lot Size 3.300 Acres
Property Sub-Type Mixed Use
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
Zoning CR
Rooms
Other Rooms Guest House Detached
Interior
Interior Features All Bedrooms Down,Bedroom on Main Level,Main Level Primary
Heating Forced Air
Cooling Electric
Flooring Laminate
Fireplaces Type None
Equipment Satellite Dish
Fireplace No
Appliance Gas Oven,Gas Range,Microwave,Refrigerator,Water Heater
Laundry Inside
Exterior
Parking Features Assigned,Concrete,Driveway,Paved,Private,Uncovered
Fence Chain Link,Wire
Pool None
Community Features Curbs,Foothills,Hiking,Park,Sidewalks
Utilities Available Cable Connected,Natural Gas Connected,Propane,Sewer Connected,Water Connected
View Y/N Yes
View Hills,Trees/Woods
Roof Type Spanish Tile
Total Parking Spaces 28
Private Pool No
Building
Lot Description 2-5 Units/Acre,Street Level
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Private
Architectural Style Spanish
Level or Stories One
Additional Building Guest House Detached
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 049225017
Security Features Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s)
Acceptable Financing Cash,Conventional,1031 Exchange,Owner Will Carry,Submit
Listing Terms Cash,Conventional,1031 Exchange,Owner Will Carry,Submit
Special Listing Condition Standard