4900 San Palo Road, Atascadero, CA 93422

Local realty services provided by:ERA North Orange County Real Estate
4900 San Palo Road,Atascadero, CA 93422
$3,450,000
  • - Beds
  • - Baths
  • 5,952 sq. ft.
  • Multi-family
  • Active
Listed by:abel contreras
Office:invest slo
MLS#:PI25074010
Source:CRMLS

Price summary

  • Price:$3,450,000
  • Price per sq. ft.:$579.64

About this home

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.

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Home facts

  • Year built:2000
  • Listing ID #:PI25074010
  • Added:167 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Living area:5,952 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Forced Air

Structure and exterior

  • Roof:Spanish Tile
  • Year built:2000
  • Building area:5,952 sq. ft.
  • Lot area:3.3 Acres

Utilities

  • Water:Private, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,450,000
  • Price per sq. ft.:$579.64
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