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5190 Palma Avenue Atascadero, CA 93422
4 Beds
0.38 Acres Lot
Open House
Wed Jan 14, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Atnortheast(10)
MLS Listing ID PI25278806
Bedrooms 4
Lot Size 0.380 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Located at 5190 & 5200 Palma Avenue, The Palms presents a rare and highly refined high-density multifamily developmentwith 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 Atascaderos 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 citys 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 parcelan 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 propertys defining strength, offering immediate walkability to Atascaderos revitalized downtownnow featuring a new pedestrian mall, mixed-use development, local dining, breweries, boutique shopping, and year-round community eventswhile also providing convenient access to Highway 101. Strategically positioned between the Paso Robles wine region to the north and the academic and cultural center of San Luis Obispo to the south, The Palms occupies a central position within a region experiencing sustained econo
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction Start on US-101 N, take exit 220A for Traffic Way, turn right onto Traffic Way, turn left onto Palma Ave, the destination will b
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 029302038
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Chelsea King Invest SLO