5190 Palma Avenue, Atascadero, CA 93422

Local realty services provided by:ERA North Orange County Real Estate
5190 Palma Avenue,Atascadero, CA 93422
$1,100,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: chelsea king805-540-9333
Office: invest slo
MLS#:PI25278806
Source:CAREIL

Price summary

  • Price:$1,100,000

About this home

Located at 5190 & 5200 Palma Avenue, “The Palms” presents a rare and highly refined high-density multifamily development—with the opportunity to collect fair market value rents for two units while building two additional units. On a 0.38-acre parcel in the heart of Atascadero’s Downtown District, the property features two attached residential units with two attached garages. It is ideally situated just steps from the historic Sunken Gardens and the Atascadero Administration Building, placing it at the center of the city’s pedestrian-friendly civic core. Zoned RMF-10, with two units and the opportunity to have a total of 4 units, the site offers meaningful future density upside on an efficiently sized, centrally located parcel—an increasingly scarce combination in downtown Atascadero. The property currently features a duplex and includes approval for two additional units, allowing for immediate expansion, with active building permits for two additional residences, along with

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Home facts

  • Year built:1958
  • Listing ID #:PI25278806
  • Added:4 day(s) ago
  • Updated:January 17, 2026 at 06:09 PM

Heating and cooling

  • Cooling:Window/Wall Unit
  • Heating:Gas, Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1958
  • Lot area:0.38 Acres

Utilities

  • Water:District - Public, Hot Water

Finances and disclosures

  • Price:$1,100,000
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