Atascadero, CA 93422,5190 Palma Avenue
Atascadero, CA 93422,5190 Palma Avenue
Atascadero, CA 93422,5190 Palma Avenue
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by Chelsea King • Invest SLO
$1,100,000
Est. payment /mo
4 Beds
2 Baths
2,000 SqFt
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Open House

Wed Jan 14, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Duet

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $550

MLS Listing ID CRPI25278792

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1958

Lot Size 0.380 Acres

Property Sub-Type Duet

Source Datashare California Regional

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

Interior

Heating Natural Gas, Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater

Laundry In Garage, Other

Exterior

Garage Spaces 2.0

Pool None

View Other

Handicap Access Other

Private Pool false

Building

Lot Description Other

Story 1

Foundation Raised

Water Public

Architectural Style Traditional

Schools

School District Atascadero Unified

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Altie Schmitt

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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