4900 San Palo RD, Atascadero, CA 93422 – PI25074010

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 3,450,000

Est. payment | -/mo

3.3 Acres Lot

Save

$ 3,450,000

Est. payment | -/mo

Save

3.3 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Atnorthwest(20)

MLS Listing ID PI25074010

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2000

Lot Size 3.300 Acres

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County San Luis Obispo

Area Atsc - Atascadero

Zoning CR

Rooms

Other Rooms Guest House Detached

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Heating Forced Air

Cooling Electric

Flooring Laminate

Fireplaces Type None

Equipment Satellite Dish

Fireplace No

Appliance Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater

Laundry Inside

Exterior

Parking Features Assigned, Concrete, Driveway, Paved, Private, Uncovered

Fence Chain Link, Wire

Pool None

Community Features Curbs, Foothills, Hiking, Park, Sidewalks

Utilities Available Cable Connected, Natural Gas Connected, Propane, Sewer Connected, Water Connected

View Y/N Yes

View Hills, Trees/Woods

Roof Type Spanish Tile

Total Parking Spaces 28

Private Pool No

Building

Lot Description 2-5 Units/Acre, Street Level

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Private

Architectural Style Spanish

Level or Stories One

Additional Building Guest House Detached

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 049225017

Security Features Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry, Submit

Special Listing Condition Standard

Listed by Abel Contreras • Invest SLO • 805-709-7143

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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4900 San Palo RD Atascadero, CA 93422