4900 San Palo Rd Atascadero, CA 93422
Estimated payment $19,301/month
Highlights
- Detached Guest House
- View of Trees or Woods
- Spanish Architecture
- Monterey Road Elementary School Rated A-
- 3.3 Acre Lot
- No HOA
About This Home
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.
Listing Agent
Invest SLO Brokerage Phone: 805-709-7143 License #02062620 Listed on: 04/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,967
Year Built
- Built in 2000 | Remodeled
Lot Details
- 3.3 Acre Lot
- Two or More Common Walls
- Chain Link Fence
- Wire Fence
- Level Lot
- Density is 2-5 Units/Acre
Property Views
- Woods
- Hills
Home Design
- Spanish Architecture
- Property Attached
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Spanish Tile Roof
- Stucco
Interior Spaces
- 5,952 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Living Room
- Laminate Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Microwave
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 28 Open Parking Spaces
- 28 Parking Spaces
- Parking Available
- Private Parking
- Driveway
- Paved Parking
- Assigned Parking
Additional Homes
- Detached Guest House
Utilities
- Cooling Available
- Forced Air Heating System
- Propane
- Natural Gas Connected
- Private Water Source
- Water Heater
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 1 / 2
- Assessor Parcel Number 049225017
Community Details
Overview
- No Home Owners Association
- 8 Buildings
- 12 Units
- Atnorthwest Subdivision
- Foothills
Recreation
- Park
- Hiking Trails
Building Details
- 12 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $276,218
- Net Operating Income $183,540
Security
- Resident Manager or Management On Site
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,967 | $893,545 | $430,993 | $462,552 |
| 2024 | $12,919 | $874,048 | $422,543 | $451,505 |
| 2023 | $12,919 | $853,002 | $414,258 | $438,744 |
| 2022 | $12,244 | $833,064 | $406,136 | $426,928 |
| 2021 | $11,630 | $817,593 | $398,173 | $419,420 |
| 2020 | $11,173 | $809,662 | $394,091 | $415,571 |
| 2019 | $10,666 | $794,650 | $386,364 | $408,286 |
| 2018 | $10,500 | $800,353 | $378,789 | $421,564 |
| 2017 | $10,208 | $774,744 | $371,362 | $403,382 |
| 2016 | $9,940 | $751,358 | $364,081 | $387,277 |
| 2015 | $9,817 | $740,734 | $358,613 | $382,121 |
| 2014 | $9,455 | $761,035 | $351,589 | $409,446 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | For Sale | $3,450,000 | -- | $580 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | -- | First American Title Company | |
| Quit Claim Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $325,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25074010
APN: 049-225-017
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Based on information from California Regional Multiple Listing Service, Inc. 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
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