NOT LISTED FOR SALE

7865 Sinaloa Ave Atascadero, CA 93422

8 Beds
5 Baths
3,523 Sq Ft
0.27 Acres Lot

Sale Details

Date Sold: June 24, 2025

Last sale price $1,100,000 $312 Per Sq Ft

85 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Living Room
  • View of Trees or Woods
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of June 2025

Charming Multi-Unit Investment Opportunity in Atascadero! This unique property features two buildings with a total of four units, offering excellent rental potential. Both building consists of two units all nestled beneath the shade of stunning oak trees. The main home is a spacious 2-bedroom, 2-bath residence filled with natural light thanks to its many windows. A welcoming entryway leads into a large living area with a fireplace, perfect for cozy evenings. The dining area, adjacent to the kitchen, offers bar seating, ample cabinetry, and generous countertop space. The primary bedroom is expansive, featuring an ensuite bathroom with a walk-in shower and a separate soaking tub. The second bedroom also has its own private bathroom, providing extra convenience. Toward the back of the home, a laundry area with a sink and additional storage leads to a fenced backyard with lush grass, an ideal space for entertaining and enjoying the beautiful San Luis Obispo evenings. The upper-level unit in the front building features 2 bedrooms, 1 bath, a spacious living room, an updated open kitchen, and a large front deck with breathtaking mountain views—a perfect spot for BBQs and outdoor relaxation. Additional features include window A/C and spacious bedrooms. The back building consists of two well-maintained units. Unit 7869 is a 2-bedroom, 1-bath unit with fresh paint, a covered back deck, garden space, a breakfast bar, ample cabinets, and spacious countertops. Unit 7867 is another 2-bedroom, 1-bath unit featuring tile flooring in the kitchen and living area, a breakfast bar, ample cabinetry, and updated flooring in both bedrooms, along with a covered deck for outdoor enjoyment. Additional property highlights include on-site parking, each unit features its own private in-unit laundry for added convenience and comfort, and separate utilities, including five PG&E meters (one for common areas), two water meters (one per structure), and four gas meters. Conveniently located near charming downtown Atascadero, schools, parks, restaurants, and scenic walking trails, this property is an exceptional investment opportunity.

Last Agent to Sell the Property

Lindsey Harn

Christie's International Real Estate Sereno Brokerage Phone: 805-441-7744 License #01868098 Listed on: 03/10/2025

Christie's International Real Estate Sereno

Co-Listed By

Melody Avant

Christie's International Real Estate Sereno Brokerage Phone: 805-441-7744 License #01403697

Last Buyer's Agent

Joanie Williams

RE/MAX Parkside Real Estate License #01275065

RE/MAX Parkside Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 11,892 Sq Ft Lot
  • No Units Above
  • End Unit
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Property Views

  • Woods
  • Mountain
  • Neighborhood

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,523 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Baseboard Heating
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 030131046
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Atnortheast Subdivision

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $4,000
  • Other Expense $4,000
  • Operating Expense $8,000
  • Gross Income $80,040
  • Net Operating Income $72,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0.27 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: ATNortheast(10)
  • View: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 030131046
  • Year Built: 1918
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 312.23
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Mountain(s), Neighborhood, Trees/Woods
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Baseboard, Forced Air
  • Laundry Features: Inside
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11892.00
  • Lot Size Acres: 0.2730

Multi Family

  • Gross Income: 80040.00
  • Gross Scheduled Income: 80040.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 11892.0000 Square Feet
  • Net Operating Income: 72040.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8000.00
  • Other Expense: 4000.00
  • Other Expense Description: utility
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Total Expenses: 8000.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2025 06/24/25 Sold $1,100,000 -8.3% $312 / Sq Ft
05/12/2025 05/12/25 Price Changed $1,200,000 -4.0% $341 / Sq Ft
04/21/2025 04/21/25 Price Changed $1,250,000 -7.4% $355 / Sq Ft
03/10/2025 03/10/25 For Sale $1,350,000 +210.3% $383 / Sq Ft
01/20/2012 01/20/12 Sold $435,000 +1.2% $123 / Sq Ft View Prior Sale
01/04/2012 01/04/12 Pending -- -- --
12/14/2011 12/14/11 For Sale $430,000 -- $122 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,532 $546,373 $125,599 $420,774
2024 $6,529 $535,661 $123,137 $412,524
2023 $6,529 $525,159 $120,723 $404,436
2022 $6,364 $514,862 $118,356 $396,506
2021 $6,171 $504,768 $116,036 $388,732
2020 $6,047 $499,594 $114,847 $384,747
2019 $5,875 $489,799 $112,596 $377,203
2018 $5,725 $480,196 $110,389 $369,807
2017 $5,617 $470,781 $108,225 $362,556
2016 $5,512 $461,551 $106,103 $355,448
2015 $5,431 $454,619 $104,510 $350,109
2014 $4,982 $445,714 $102,463 $343,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25052972

California Regional Multiple Listing Service (CRMLS)

APN: 030-131-046

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