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MASSIVE PRICE IMPROVEMENT! Dont Miss This Unbeatable Investment Opportunity! Now is the time to act on this incredible value in one of Atascaderos most desirable locations! Whether you're a savvy investor, experienced developer, or someone with a vision, this property is now priced to MOVEand 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 facilitiesall behind the existing home. Thats 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, youll 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 Downtownplus less than 15 minutes to the beach and Central Coast wine countrythis 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 | 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 |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air |
| LOT | 0.4069 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | ATNorthwest(20) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
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Properties on this website was last updated as recently as 3/6/26 11:08 PM PST.
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