Description
Exceptional offering for developers, investors, or those seeking a multi-use property in one of the Atascaderos most prime locations. This spacious corner lot comes with approved plans to build eight 2-bedroom, 1-bathroom apartment units plus upstairs and downstairs laundry facilities behind the existing home"an extraordinary opportunity to expand with ease. The plans and a bid package are in place, providing a seamless path to development. The front residence is a well-maintained 4-bedroom, 2-bathroom home, currently tenant-occupied and generating $3,600/month in rental income. Thoughtful updates throughout include dual-pane windows, laminate wood flooring, fresh stucco exterior, stamped concrete patio and walkways, and low-maintenance landscaping. An open-concept layout and modern finishes make this home both inviting and functional. Ideally located in West Atascadero, just moments from the Atascadero Lake, Charles Paddock Zoo, Stadium Park, Downtown Atascadero, and less than 15 minutes to the beach, local wineries, and all the charm of the Central Coast. Whether youre looking to build your real estate portfolio, create long-term rental income, or live onsite while developing"truly a rare find! Schedule your showing today.
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4BEDS
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0.41ACRES
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2BATHS
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01/2 BATHS
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1,583SQFT
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$679$/SQFT
Description
Exceptional offering for developers, investors, or those seeking a multi-use property in one of the Atascaderos most prime locations. This spacious corner lot comes with approved plans to build eight 2-bedroom, 1-bathroom apartment units plus upstairs and downstairs laundry facilities behind the existing home"an extraordinary opportunity to expand with ease. The plans and a bid package are in place, providing a seamless path to development. The front residence is a well-maintained 4-bedroom, 2-bathroom home, currently tenant-occupied and generating $3,600/month in rental income. Thoughtful updates throughout include dual-pane windows, laminate wood flooring, fresh stucco exterior, stamped concrete patio and walkways, and low-maintenance landscaping. An open-concept layout and modern finishes make this home both inviting and functional. Ideally located in West Atascadero, just moments from the Atascadero Lake, Charles Paddock Zoo, Stadium Park, Downtown Atascadero, and less than 15 minutes to the beach, local wineries, and all the charm of the Central Coast. Whether youre looking to build your real estate portfolio, create long-term rental income, or live onsite while developing"truly a rare find! Schedule your showing today.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-17T00:29:35.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.