4900 San Palo Road
Atascadero, CA 93422
3.30 acres | #PI25074010
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.
Property Details
- Utility FeaturesCableConnected, NaturalGasConnected, Propane, SewerConnected, WaterConnected
- InteriorAllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary
- Lot DescriptionTwoToFiveUnitsAcre, StreetLevel
- ViewHills, TreesWoods
- SubdivisionATNorthwest(20)
- CountySan Luis Obispo
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$3,450,000
- MLS #PI25074010
- MLS #PI25074010
- Property SubtypeMixedUse
- Utility SourcePrivate
- Cost3450000
- Year Built2000
- FoundationSlab
- Acres3.3
- Stories1
Location
Legal
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 the most recent time synced 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
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Abel Contreras (#pi02062620)
Listing Office: Invest SLO (#PI3339)
Interested in Purchasing 4900 San Palo Road?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
