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In-PersonVirtual Tour
$ 1,100,000
Est. payment | /mo
4 Beds
2,000 SqFt
$ 1,100,000
Est. payment | /mo
4 Beds
2,000 SqFt
Open House
Sun Feb 01, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $550
MLS Listing ID CRPI25278806
Bedrooms 4
HOA Y/N No
Year Built 1958
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Duplex
Property Description
Located at 5190 & 5200 Palma Avenue, “The Palms†presents a rare and highly refined high-density multifamily development-with the opportunity to collect fair market value rents for two units while building two additional units. On a 0.38-acre parcel in the heart of Atascadero's Downtown District, the property features two attached residential units with two attached garages. It is ideally situated just steps from the historic Sunken Gardens and the Atascadero Administration Building, placing it at the center of the city's pedestrian-friendly civic core. Zoned RMF-10, with two units and the opportunity to have a total of 4 units, the site offers meaningful future density upside on an efficiently sized, centrally located parcel-an increasingly scarce combination in downtown Atascadero. The property currently features a duplex and includes approval for two additional units, allowing for immediate expansion, with active building permits for two additional residences, along with flexible design standards allowing for expanded bedroom and bathroom configurations. Location remains the property's defining strength, offering immediate walkability to Atascadero's revitalized downtown-now featuring a new pedestrian mall, mixed-use development, local dining, breweries, boutique shopping,
Location
State CA
County San Luis Obispo
Zoning RMF-
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry In Garage, Other
Exterior
Exterior Feature Other
View Y/N true
View Other
Handicap Access Other
Total Parking Spaces 2
Building
Lot Description Other
New Construction No
Others
Tax ID 029302038
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Listed by Chelsea King • Invest SLO
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