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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!
| 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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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/22/25 8:09 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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