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LKV Realty, LLC

4425 Ponce de Leon

2nd Floor

Coral Gables, FL 33146

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$3,450,000

$7,200Reward *

4900 San Palo Road, Atascadero, CA 93422Listing ID PI25074010

4900 San Palo Road, Atascadero, CA 93422

Active

ATNorthwest(20)

Time on site: 459 days • Last updated: Jun 18, 2025

Property Type

Residential Income

Property Sub Type

Mixed Use

Square Feet

5,952

Acres

3.3

Days on Site

447

Cooling

Electric

Heating

Forced Air

Listing provided by Abel Contreras • Invest SLO, (805) 709-7143

Market Report for 93422

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

pi02062620

Parking

Assigned, Concrete, Driveway, Paved, Private, Uncovered

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 Information

Property Details

Location

Address

4900 San Palo Road

County

San Luis Obispo

City

Atascadero

Zip Code

93422

Subdivision

ATNorthwest(20)

MLS Area

ATSC - Atascadero

Interior Features

Other Rooms

Laundry Features

Inside

Building

Building Information

Square Feet

5,952

Year Built

2000

Stories

Construction

Stucco

Foundation

Slab

Roof

Spanish Tile

Condition

Updated/Remodeled, Turnkey

Financial

Special Conditions

Standard