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MASSIVE PRICE IMPROVEMENT! Don't Miss This Unbeatable Investment Opportunity! Now is the time to act on this incredible value in one of Atascadero's most desirable locations! Whether you're a savvy investor, experienced developer, or someone with a vision, this property is now priced to MOVE"”and 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 facilities"”all behind the existing home. That's 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, you'll 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 Downtown"”plus less than 15 minutes to the beach and Central Coast wine country"”this 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!
Property Type(s):
Single Family
| Last Updated | 8/18/2025 | Tract | ATNorthwest(20) |
|---|---|---|---|
| Year Built | 1954 | Community | ATSC - Atascadero |
| County | San Luis Obispo |
Price History
| Prior to Aug 18, '25 | $1,075,000 |
|---|---|
| Aug 18, '25 - Today | $995,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | ATSC - Atascadero |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air |
| INTERIOR | Walk-In Closet(s) |
| LOT | 0.4069 acre(s) |
| LOT DESCRIPTION | Corner Lot, Sprinklers In Front, Sprinklers In Rear |
| PARKING | RV Access/Parking |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | ATNorthwest(20) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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Listed with Christie's International Real Estate Sereno
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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