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Assaf Avissar

assaf@homesbyassaf.com +1(619) 602-2162

$ 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

Open House

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

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $550

Subdivision Atnortheast(10)

MLS Listing ID PI25278792

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1958

Lot Size 0.380 Acres

Property Sub-Type Townhome

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 RMF-10

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 be on your left.

Interior

Heating Wall/Gravity

Cooling Wall/Window

Flooring Linoleum/Vinyl, Tile

Fireplace No

Appliance Gas Oven, Gas Stove

Laundry Gas & Electric Dryer HU

Exterior

Parking Features Garage, Garage - Single Door

Garage Spaces 2.0

Fence Wire, Wood

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Roof Type Asphalt,Shingle

Accessibility Parking

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

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

Special Listing Condition Standard

Listed by Chelsea King Invest SLO

+1(619) 602-2162

assaf@homesbyassaf.com

Bankers Hill: 410 Kalmia St, Diego, CA, 92101

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5190 Palma Avenue Atascadero, CA 93422