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Rare investment opportunity in central Atascadero: four single-family homes on two lots, with a lot split already underway that will put each home on its own legal parcel. The parcel map has been approved by the Planning Commission and the final map is in for city review. A buyer can finish the process and sell each home individually, or hold all four as a long-term rental portfolio. The homes are three 2-bedroom, 1-bath homes and one 3-bedroom, 2-bath home with a two-car garage. Three of the four are currently rented. The 3/2 has been recently renovated and is vacant, which makes it ideal for an owner-occupant who wants to live in one home and let the other three help cover the costs. The location is walkable to downtown Atascadero's restaurants, shops and events, and to the middle and high schools. Whether you want rental income now, value-add upside from selling homes individually later, or a house-hack with built-in income, this one offers flexibility that's hard to find.
Property Type(s):
Residential Income
| Last Updated | 10/23/2026 | Tract | ATNorthwest(20) |
|---|---|---|---|
| Year Built | 1950 | Community | ATSC - Atascadero |
| Garage Spaces | 4.0 | County | San Luis Obispo |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Range Hood, Refrigerator, Water Heater |
| AREA | ATSC - Atascadero |
| CONSTRUCTION | Block, Stucco, Wood Siding |
| EXTERIOR | Awning(s), Lighting, Rain Gutters |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Built-in Features, Ceiling Fan(s), Granite Counters |
| LOT | 0.4568 acre(s) |
| LOT DIMENSIONS | 19900 |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman |
| SUBDIVISION | ATNorthwest(20) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
Location
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Listed with Max Zappas, Broker
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