Description
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 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. 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 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!
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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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$629$/SQFT
Description
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 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. 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 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!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-08T11:25:57.86. 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.