5190 & 5200 Palma AVE, Atascadero, CA 93422 - MLS#CRPI25278792

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Chelsea King • Invest SLO

$ 1,100,000

Est. payment | -/mo

4 Beds

2 Baths

2,000 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

4 Beds

2 Baths

2,000 SqFt

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 CRPI25278792

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1958

Property Sub-Type Duplex

Source California Regional MLS

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 shoppi

Location

State CA

County San Luis Obispo

Area Atsc - Atascadero

Zoning RMF-10

Rooms

Dining Room Other

Kitchen Hood Over Range, Other, Oven - Gas

Interior

Heating Gas, Wall Furnace

Cooling Window / Wall Unit

Fireplaces Type None

Laundry In Garage, 38

Exterior

Parking Features Garage, Common Parking Area, Other

Garage Spaces 2.0

Fence Other, Wood

Pool 31, None

Utilities Available Telephone - Not On Site

View Local/Neighborhood

Roof Type 2,Shingle

Building

Lot Description Grade - Level

Story One Story

Foundation Raised

Water Hot Water, Heater - Gas, District - Public

Architectural Style Traditional

Others

Tax ID 029302038

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

5190 & 5200 Palma AVE Atascadero, CA 93422