Seller Financing
Listed By:
Abel Contreras with Invest SLO; 805-709-7143
Address
7185 Santa Ysabel Avenue, Atascadero, CA
Price
$ 1,100,000
Property Attributes
  • MLS#PI23136905
  • TypeMulti-Family
  • CountySAN LUIS OBISPO
  • CityAtascadero
  • AreaAtascadero
  • NeighborhoodATNortheast
  • Zip93422
  • StyleApartment
  • Price$ 1,100,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2208
  • Lot Size0.4083 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Calling all developers and investors -7185 Santa Ysabel - Multifamily development opportunity - Build 9-18 units *check with city* This property presents a fantastic opportunity multifamily development - Zoned MF24 - the highest density zoning in Atascadero. 2 SFR's currently on the property both leased. The property includes a two-bed home, and a separate one bedroom home. The lot offers 17,000+ sq ft, approximately 1/2 acre - zoning permits between 9-18 units depending on the proposed size of each unit. *check with city. This unique offering boasts a combination of a 2 single family homes already generating income, perfect to offset holding costs during planning and permitting. Prime Location: Situated in the heart of town, is walking distance from from shopping, dining, and all the amenities the Atascadero has to offer.

Price History
7/30/2023 Listed $1,100,000

General Features

Interior Features AllBedroomsDown
Sewer PublicSewer
Heating FloorFurnace,NaturalGas
Cooling EvaporativeCooling,WallWindowUnits
Utilities ElectricityConnected,NaturalGasConnected,PhoneAvailable,PhoneConnected,SewerConnected,WaterAvailable,WaterConnected
Roof Composition
Appliances HighEfficiencyWaterHeater,RangeHood
Exterior Features Awnings
Zoning RMF-24
HOA 0.0
Garage Spaces 2.0
Pool Features None
Security Features FireDetectionSystem,SmokeDetectors
Construction Materials MetalSiding
Year Built 1949
Tenant Pays CableTV,Electricity,Gas
Stories 1
Levels One
Property SubType Apartment
Gross Income 36000.0
Community Features Curbs,StreetLights,Suburban
Accessibility AccessibleDoors
County San Luis Obispo
Net Operating Income 36000.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name ATNortheast(10)
Garage Y/N Yes
Other Structures GuestHouse
Special Listing Conditions Standard
Status Active
Directions Head northwest on El Camino Real. Turn right onto CA-41 N. Turn right after Round Table Pizza (on the left). Destination will be on the left.
City Atascadero
Entry Location 1
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 2
MLS Area ATSC - Atascadero
Lot Size Units SquareFeet
Lot Size Square Feet 17786.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Listing Terms Cash,CashtoNewLoan,Conventional,Item1031Exchange,OwnerMayCarry
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 226
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 6
Total Actual Rent 3000.0
Property Sub Type Additional Apartment
MobileHomeRemainsYN No

Interior Features

Flooring Wood
Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features WasherHookup,ElectricDryerHookup,GasDryerHookup,InGarage
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Concrete,DirectAccess,DrivewayLevel,DoorSingle,Driveway,GarageFacesFront,Garage
Lot Features Item2630UnitsAcre,BackYard,FrontYard,Lawn,StreetLevel,ValueInLand
Water Source Public
Total Parking 2.0
Lot Size Area 17786.0
Foundation Details ConcretePerimeter,Slab
Number of Buildings 2
Spa No
Building Area Total 2208.0
Lot Size Acres 0.4083
Road Surface Type Paved
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93422

Price
AVG $1.55M
$1.1M
Visits
AVG 216
355
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1949

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.