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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$999,999

Est. payment - /mo

4 Beds

2 Baths

0.38 Acres Lot

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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 building plans 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 economic growt

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

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Listed by Chelsea King, DRE#02152275 Invest SLO

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

5190-& 5200 Palma Avenue Atascadero, CA 93422

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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